Siacoin (SC) Price Tops $0.0028 on Major Exchanges

Siacoin (SC) traded up 0.8% against the dollar during the 24 hour period ending at 20:00 PM E.T. on September 18th. During the last seven days, Siacoin has traded up 7.5% against the dollar. Siacoin has a market cap of $156.63 million and $1.89 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be bought for about $0.0028 or 0.00000011 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.7% against the dollar and now trades at $26,706.19 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.9% higher against the dollar and now trades at $0.0620 or 0.00000232 BTC.
• Litecoin (LTC) traded 3.3% higher against the dollar and now trades at $65.79 or 0.00246333 BTC.
• Bitcoin Cash (BCH) traded up 3% against the dollar and now trades at $216.57 or 0.00810940 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $3.66 or 0.00013696 BTC.
• Monero (XMR) traded down 0.7% against the dollar and now trades at $145.73 or 0.00545678 BTC.
• Ethereum Classic (ETC) traded 1.6% higher against the dollar and now trades at $15.65 or 0.00058590 BTC.
• DEI (DEI) traded down 1.1% against the dollar and now trades at $0.0121 or 0.00000045 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 1.6% against the dollar and now trades at $31.48 or 0.00117874 BTC.

Siacoin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 55,174,905,000 coins and its circulating supply is 55,152,331,709 coins. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. The official website for Siacoin is sia.tech. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here.

According to CryptoCompare, “Siacoin (SC) is the native token of the Sia network, a decentralized storage platform facilitating global disk storage contributions to create a secure and private alternative to centralized cloud storage. Users can rent storage from hosts using Siacoin, with transactions managed by smart storage contracts on the Sia blockchain. These contracts ensure that hosts are paid only after securely storing a client’s file for a specified duration, incentivizing reliable storage. The concept for Sia and Siacoin was conceived by David Vorick and Luke Champine, founders of Skynet Labs, at an MIT hackathon in 2013. Skynet Labs, formerly Nebulous, continues to evolve the platform, aiming to build a decentralized internet through its application hosting and storage.”

Buying and Selling Siacoin

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

SC/USD price chart by TradingView