Siacoin (SC) 24-Hour Volume Hits $4.80 Million

Siacoin (SC) traded down 3.9% against the US dollar during the 1-day period ending at 8:00 AM Eastern on July 11th. One Siacoin coin can now be bought for approximately $0.0006 or 0.00000001 BTC on major exchanges. Siacoin has a market cap of $35.08 million and $4.80 million worth of Siacoin was traded on exchanges in the last 24 hours. In the last week, Siacoin has traded down 2% against the US dollar.

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

• Arweave (AR) traded up 0.1% against the dollar and now trades at $1.99 or 0.00003110 BTC.
• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $64,136.30 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.7% against the dollar and now trades at $0.0745 or 0.00000116 BTC.
• UNUS SED LEO (LEO) traded 2% higher against the dollar and now trades at $9.56 or 0.00014913 BTC.
• Zcash (ZEC) traded up 0.2% against the dollar and now trades at $503.28 or 0.00784711 BTC.
• Monero (XMR) traded up 0.3% against the dollar and now trades at $319.46 or 0.00498091 BTC.
• Bitcoin Cash (BCH) traded down 0.8% against the dollar and now trades at $247.38 or 0.00385714 BTC.
• Litecoin (LTC) traded up 1.4% against the dollar and now trades at $45.14 or 0.00070379 BTC.
• Ethereum Classic (ETC) traded down 0.1% against the dollar and now trades at $7.08 or 0.00011032 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded 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 Twitter account is @siafoundation and its Facebook page is accessible here. Siacoin’s official website is sia.tech. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. The official message board for Siacoin is sia.tech/blog.

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 possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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