Siacoin (SC) One Day Volume Hits $104.23 Million

Siacoin (SC) traded 3.9% lower against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on March 6th. In the last week, Siacoin has traded 3.2% lower against the US dollar. Siacoin has a market capitalization of $516.57 million and $104.23 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can now be purchased for about $0.0091 or 0.00000014 BTC on cryptocurrency exchanges.

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

  • Bitcoin (BTC) traded 2.2% lower against the dollar and now trades at $65,677.57 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 12.1% against the dollar and now trades at $0.16 or 0.00000246 BTC.
  • Bitcoin Cash (BCH) traded 10.7% lower against the dollar and now trades at $402.18 or 0.00608460 BTC.
  • Litecoin (LTC) traded down 6.6% against the dollar and now trades at $83.53 or 0.00126366 BTC.
  • Ethereum Classic (ETC) traded 5.3% lower against the dollar and now trades at $36.73 or 0.00055565 BTC.
  • UNUS SED LEO (LEO) traded 12.4% higher against the dollar and now trades at $5.75 or 0.00008705 BTC.
  • Monero (XMR) traded 3.3% lower against the dollar and now trades at $145.05 or 0.00219443 BTC.
  • Arweave (AR) traded up 10% against the dollar and now trades at $31.87 or 0.00048215 BTC.
  • Bitcoin SV (BSV) traded down 10.4% against the dollar and now trades at $99.10 or 0.00149926 BTC.
  • eCash (XEC) traded down 15.6% against the dollar and now trades at $0.0001 or 0.00000000 BTC.

About Siacoin

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 1st, 2015. Siacoin’s total supply is 56,694,225,000 coins and its circulating supply is 56,537,222,427 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.”

Buying and Selling Siacoin

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

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