Siacoin Reaches One Day Trading Volume of $7.23 Million (SC)

Siacoin (SC) traded down 4% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM Eastern on April 30th. Siacoin has a market capitalization of $392.25 million and approximately $7.23 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be purchased for about $0.0069 or 0.00000011 BTC on cryptocurrency exchanges. In the last week, Siacoin has traded down 11.3% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 2.3% lower against the dollar and now trades at $61,295.88 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.2% lower against the dollar and now trades at $0.14 or 0.00000220 BTC.
• Bitcoin Cash (BCH) traded down 2.8% against the dollar and now trades at $437.75 or 0.00714165 BTC.
• Litecoin (LTC) traded down 4.9% against the dollar and now trades at $79.15 or 0.00129126 BTC.
• UNUS SED LEO (LEO) traded 0.9% higher against the dollar and now trades at $5.81 or 0.00009486 BTC.
• Ethereum Classic (ETC) traded 5.9% lower against the dollar and now trades at $25.53 or 0.00041655 BTC.
• Monero (XMR) traded 3.5% lower against the dollar and now trades at $121.28 or 0.00197866 BTC.
• Arweave (AR) traded 6.4% lower against the dollar and now trades at $33.54 or 0.00054713 BTC.
• Bitcoin SV (BSV) traded down 5.1% against the dollar and now trades at $61.21 or 0.00099856 BTC.
• eCash (XEC) traded 4.3% lower against the dollar and now trades at $0.0000 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 57,064,005,000 coins and its circulating supply is 57,037,153,751 coins. 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. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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 presently possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. 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