Siacoin (SC) Price Reaches $0.0072 on Exchanges

Siacoin (SC) traded up 4.4% against the US dollar during the one day period ending at 21:00 PM E.T. on May 3rd. One Siacoin coin can now be bought for $0.0072 or 0.00000011 BTC on major exchanges. During the last week, Siacoin has traded 0.3% higher against the US dollar. Siacoin has a market cap of $410.83 million and $14.11 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded 6.2% higher against the dollar and now trades at $63,170.61 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 12.7% higher against the dollar and now trades at $0.15 or 0.00000239 BTC.
• Bitcoin Cash (BCH) traded 7.5% higher against the dollar and now trades at $465.48 or 0.00736860 BTC.
• Litecoin (LTC) traded 2% higher against the dollar and now trades at $82.11 or 0.00129986 BTC.
• UNUS SED LEO (LEO) traded down 1.5% against the dollar and now trades at $5.87 or 0.00009286 BTC.
• Ethereum Classic (ETC) traded 4.5% higher against the dollar and now trades at $27.12 or 0.00042934 BTC.
• Arweave (AR) traded 1.6% higher against the dollar and now trades at $35.10 or 0.00055565 BTC.
• Monero (XMR) traded 0.6% higher against the dollar and now trades at $123.61 or 0.00195683 BTC.
• Bitcoin SV (BSV) traded up 10.7% against the dollar and now trades at $65.24 or 0.00103271 BTC.
• eCash (XEC) traded up 8.8% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

Siacoin Profile

Siacoin 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 57,078,615,000 coins and its circulating supply is 57,052,452,156 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.”

Siacoin Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView