Siacoin (SC) Reaches 24 Hour Trading Volume of $11.39 Million

Siacoin (SC) traded 4.7% lower against the US dollar during the 1 day period ending at 23:00 PM ET on April 30th. One Siacoin coin can now be bought for $0.0069 or 0.00000011 BTC on exchanges. Siacoin has a total market cap of $393.69 million and $11.39 million worth of Siacoin was traded on exchanges in the last 24 hours. In the last seven days, Siacoin has traded 12% lower against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 5.6% against the dollar and now trades at $60,080.87 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8% lower against the dollar and now trades at $0.13 or 0.00000219 BTC.
• Bitcoin Cash (BCH) traded down 7.1% against the dollar and now trades at $429.05 or 0.00714120 BTC.
• Litecoin (LTC) traded 4.8% lower against the dollar and now trades at $79.34 or 0.00132048 BTC.
• UNUS SED LEO (LEO) traded up 0% against the dollar and now trades at $5.85 or 0.00009730 BTC.
• Ethereum Classic (ETC) traded 8.1% lower against the dollar and now trades at $25.26 or 0.00042047 BTC.
• Monero (XMR) traded down 5.5% against the dollar and now trades at $120.61 or 0.00200745 BTC.
• Arweave (AR) traded down 16.3% against the dollar and now trades at $29.96 or 0.00049866 BTC.
• Bitcoin SV (BSV) traded 8.3% lower against the dollar and now trades at $59.81 or 0.00099557 BTC.
• eCash (XEC) traded 7.4% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Siacoin

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 57,065,985,000 coins and its circulating supply is 57,038,694,500 coins. The official website for Siacoin is sia.tech. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed 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 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView