Siacoin Price Reaches $0.0012 (SC)

Siacoin (SC) traded 4.4% lower against the dollar during the 1-day period ending at 8:00 AM ET on February 9th. In the last week, Siacoin has traded 9.9% lower against the dollar. One Siacoin coin can now be bought for $0.0012 or 0.00000002 BTC on popular exchanges. Siacoin has a total market cap 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 3.5% lower against the dollar and now trades at $1.93 or 0.00002792 BTC.
• Bitcoin (BTC) traded down 3.4% 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 down 0.6% against the dollar and now trades at $325.95 or 0.00472647 BTC.
• Litecoin (LTC) traded 3.9% lower against the dollar and now trades at $53.04 or 0.00076917 BTC.
• Zcash (ZEC) traded 2.3% lower 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 down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 6th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. The official website for Siacoin is sia.tech. The official message board for Siacoin is sia.tech/blog. Siacoin’s official Twitter account is @siafoundation and its Facebook page is accessible here. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here.

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 buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView