Siacoin (SC) Achieves Market Cap of $247.25 Million

Siacoin (SC) traded down 7.1% against the dollar during the one day period ending at 11:00 AM ET on June 18th. During the last week, Siacoin has traded down 22.9% against the dollar. Siacoin has a market capitalization of $247.25 million and $9.05 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be purchased for about $0.0043 or 0.00000007 BTC on major exchanges.

Here is how other cryptocurrencies have performed during the last day:

  • Bitcoin (BTC) traded down 1% against the dollar and now trades at $64,741.74 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 9.7% against the dollar and now trades at $0.12 or 0.00000185 BTC.
  • Bitcoin Cash (BCH) traded down 7.9% against the dollar and now trades at $383.85 or 0.00592899 BTC.
  • Litecoin (LTC) traded 6.1% lower against the dollar and now trades at $72.08 or 0.00111332 BTC.
  • UNUS SED LEO (LEO) traded 1.1% higher against the dollar and now trades at $5.72 or 0.00008837 BTC.
  • Ethereum Classic (ETC) traded 4.8% lower against the dollar and now trades at $22.92 or 0.00035407 BTC.
  • Monero (XMR) traded down 3.7% against the dollar and now trades at $167.49 or 0.00258700 BTC.
  • Arweave (AR) traded down 4.7% against the dollar and now trades at $25.25 or 0.00038999 BTC.
  • Bitcoin SV (BSV) traded 11.5% lower against the dollar and now trades at $42.51 or 0.00065656 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin’s total supply is 57,539,025,000 coins and its circulating supply is 57,511,268,935 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 @sia__foundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech.

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.”

Siacoin Coin Trading

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

Receive News & Updates for Siacoin Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Siacoin and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.