Siacoin Achieves Self Reported Market Capitalization of $62.29 Million (SC)

Siacoin (SC) traded 3.6% higher against the dollar during the twenty-four hour period ending at 7:00 AM ET on February 25th. Siacoin has a market capitalization of $62.29 million and $4.86 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can currently be purchased for approximately $0.0011 or 0.00000002 BTC on exchanges. Over the last seven days, Siacoin has traded 7.4% lower against the dollar.

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

• Arweave (AR) traded down 5.7% against the dollar and now trades at $1.73 or 0.00002639 BTC.
• Bitcoin (BTC) traded up 5.2% against the dollar and now trades at $65,423.14 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.3% higher against the dollar and now trades at $0.0941 or 0.00000144 BTC.
• Bitcoin Cash (BCH) traded up 2% against the dollar and now trades at $487.42 or 0.00744917 BTC.
• UNUS SED LEO (LEO) traded up 9.6% against the dollar and now trades at $8.69 or 0.00013279 BTC.
• Monero (XMR) traded up 4.5% against the dollar and now trades at $339.58 or 0.00518970 BTC.
• Litecoin (LTC) traded 5.4% higher against the dollar and now trades at $53.37 or 0.00081560 BTC.
• Zcash (ZEC) traded 2% higher against the dollar and now trades at $238.27 or 0.00364142 BTC.
• Ethereum Classic (ETC) traded up 5% against the dollar and now trades at $8.55 or 0.00013070 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 5th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. Siacoin’s official message board 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. Siacoin’s official Twitter account is @siafoundation and its Facebook page is accessible here. Siacoin’s official website 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 possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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