Siacoin Achieves Market Capitalization of $481.29 Million (SC)

Siacoin (SC) traded 1.8% lower against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on February 3rd. One Siacoin coin can now be bought for approximately $0.0086 or 0.00000020 BTC on cryptocurrency exchanges. Siacoin has a market capitalization of $481.29 million and $7.19 million worth of Siacoin was traded on exchanges in the last 24 hours. In the last week, Siacoin has traded 0.8% lower against the U.S. dollar.

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

  • Bitcoin (BTC) traded 0.9% higher against the dollar and now trades at $43,054.36 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 0.2% against the dollar and now trades at $0.0792 or 0.00000184 BTC.
  • Litecoin (LTC) traded up 0.8% against the dollar and now trades at $68.37 or 0.00158804 BTC.
  • Bitcoin Cash (BCH) traded up 1.3% against the dollar and now trades at $239.27 or 0.00555732 BTC.
  • UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $4.02 or 0.00009347 BTC.
  • Ethereum Classic (ETC) traded 0.3% higher against the dollar and now trades at $24.81 or 0.00057616 BTC.
  • Monero (XMR) traded 0.5% lower against the dollar and now trades at $167.73 or 0.00389566 BTC.
  • Bitcoin SV (BSV) traded up 4.8% against the dollar and now trades at $73.49 or 0.00170696 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • IOTA (MIOTA) traded up 0.9% against the dollar and now trades at $0.25 or 0.00000574 BTC.

Siacoin Profile

Siacoin (SC) 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 56,294,145,000 coins and its circulating supply is 56,269,507,925 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 @sia__foundation and its Facebook page is accessible here. 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.”

Buying and Selling Siacoin

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the aforementioned exchanges.

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