Siacoin Price Reaches $0.0012 (SC)

Siacoin (SC) traded down 4.4% against the dollar during the 24-hour period ending at 8:00 AM E.T. on February 9th. One Siacoin coin can now be purchased for approximately $0.0012 or 0.00000002 BTC on popular exchanges. In the last seven days, Siacoin has traded 9.9% lower against the dollar. Siacoin has a market capitalization of $66.04 million and approximately $4.94 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded down 3.5% against the dollar and now trades at $1.93 or 0.00002792 BTC.
• Bitcoin (BTC) traded 3.4% lower against the dollar and now trades at $68,962.71 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 4.2% against the dollar and now trades at $0.0938 or 0.00000136 BTC.
• Bitcoin Cash (BCH) traded 2% lower against the dollar and now trades at $515.54 or 0.00747563 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $8.35 or 0.00012107 BTC.
• Monero (XMR) traded 0.6% lower against the dollar and now trades at $325.95 or 0.00472647 BTC.
• Litecoin (LTC) traded down 3.9% against the dollar and now trades at $53.04 or 0.00076917 BTC.
• Zcash (ZEC) traded down 2.3% against the dollar and now trades at $232.18 or 0.00336677 BTC.
• Ethereum Classic (ETC) traded down 4.5% against the dollar and now trades at $8.33 or 0.00012074 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 6th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. Siacoin’s official Twitter account is @siafoundation and its Facebook page is accessible here. The official message board for Siacoin is sia.tech/blog. 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.

According to CryptoCompare, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network.Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage.The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet.”

Buying and Selling Siacoin

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

SC/USD price chart by TradingView