Siacoin Price Tops $0.0072 on Exchanges (SC)

Siacoin (SC) traded 1.6% higher against the U.S. dollar during the 24 hour period ending at 11:00 AM ET on April 20th. Siacoin has a total market capitalization of $410.50 million and approximately $7.63 million worth of Siacoin was traded on exchanges in the last day. Over the last week, Siacoin has traded down 11.4% against the U.S. dollar. One Siacoin coin can now be purchased for approximately $0.0072 or 0.00000011 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded 1.1% lower against the dollar and now trades at $63,878.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.4% against the dollar and now trades at $0.15 or 0.00000240 BTC.
• Bitcoin Cash (BCH) traded 2.2% higher against the dollar and now trades at $486.80 or 0.00762068 BTC.
• Litecoin (LTC) traded up 1.7% against the dollar and now trades at $82.57 or 0.00129258 BTC.
• UNUS SED LEO (LEO) traded 1% lower against the dollar and now trades at $5.76 or 0.00009023 BTC.
• Ethereum Classic (ETC) traded 1.4% higher against the dollar and now trades at $26.47 or 0.00041442 BTC.
• Monero (XMR) traded down 1.5% against the dollar and now trades at $117.44 or 0.00183852 BTC.
• Arweave (AR) traded 11.8% higher against the dollar and now trades at $30.54 or 0.00047810 BTC.
• Bitcoin SV (BSV) traded 1.2% higher against the dollar and now trades at $67.12 or 0.00105082 BTC.
• eCash (XEC) traded up 0.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Profile

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 57,021,405,000 coins and its circulating supply is 56,995,493,932 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech. 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 presently possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView