Siacoin Price Hits $0.0031 on Top Exchanges (SC)

Siacoin (SC) traded 2.6% lower against the US dollar during the 1 day period ending at 12:00 PM E.T. on January 25th. Over the last seven days, Siacoin has traded up 11.5% against the US dollar. Siacoin has a total market capitalization of $167.20 million and approximately $14.79 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be purchased for $0.0031 or 0.00000014 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last day:

  • Bitcoin (BTC) traded 1.2% lower against the dollar and now trades at $22,624.87 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 4.3% against the dollar and now trades at $0.0841 or 0.00000372 BTC.
  • Litecoin (LTC) traded 1.7% lower against the dollar and now trades at $87.65 or 0.00387389 BTC.
  • UNUS SED LEO (LEO) traded up 1.7% against the dollar and now trades at $3.53 or 0.00015603 BTC.
  • Monero (XMR) traded down 2% against the dollar and now trades at $171.49 or 0.00757963 BTC.
  • Ethereum Classic (ETC) traded 4.9% lower against the dollar and now trades at $21.16 or 0.00093544 BTC.
  • Bitcoin Cash (BCH) traded down 2.4% against the dollar and now trades at $128.96 or 0.00569997 BTC.
  • DEI (DEI) traded up 0.4% against the dollar and now trades at $0.26 or 0.00001162 BTC.
  • Pax Dollar (USDP) traded down 0.1% against the dollar and now trades at $0.99 or 0.00004398 BTC.
  • Bitcoin SV (BSV) traded down 7.8% against the dollar and now trades at $40.83 or 0.00180487 BTC.

About Siacoin

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 1st, 2015. Siacoin’s total supply is 53,101,642,991 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official Twitter account is @skynetlabs and its Facebook page is accessible here. Siacoin’s official website is sia.tech.

According to CryptoCompare, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their┬ácomputers to form a decentralized network.Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage.The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet.”

Buying and Selling Siacoin

It is usually not currently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

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