Siacoin (SC) Self Reported Market Cap Hits $46.43 Million

Siacoin (SC) traded 10.4% higher against the dollar during the one day period ending at 8:00 AM E.T. on September 9th. One Siacoin coin can currently be purchased for $0.0008 or 0.00000001 BTC on major cryptocurrency exchanges. Over the last week, Siacoin has traded up 9.1% against the dollar. Siacoin has a total market cap of $46.43 million and approximately $11.53 million worth of Siacoin was traded on exchanges in the last day.

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

• Arweave (AR) traded 2.1% lower against the dollar and now trades at $2.84 or 0.00003582 BTC.
• Bitcoin (BTC) traded up 1.2% against the dollar and now trades at $79,361.09 or 1.00000000 BTC.
• Zcash (ZEC) traded 10.4% higher against the dollar and now trades at $1,270.53 or 0.01600953 BTC.
• Dogecoin (DOGE) traded up 2.3% against the dollar and now trades at $0.0909 or 0.00000114 BTC.
• Monero (XMR) traded down 2.8% against the dollar and now trades at $495.46 or 0.00624307 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $9.18 or 0.00011570 BTC.
• Bitcoin Cash (BCH) traded 1.8% higher against the dollar and now trades at $259.05 or 0.00326421 BTC.
• Litecoin (LTC) traded 1.9% lower against the dollar and now trades at $54.24 or 0.00068342 BTC.
• Ethereum Classic (ETC) traded 3.6% higher against the dollar and now trades at $8.33 or 0.00010501 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 5th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. 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. The official message board for Siacoin is sia.tech/blog. The official website for Siacoin 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 currently 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 GDAX, Gemini or Changelly. 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