Siacoin Achieves Market Capitalization of $378.04 Million (SC)

Siacoin (SC) traded down 1.2% against the dollar during the 1-day period ending at 22:00 PM Eastern on June 5th. One Siacoin coin can currently be purchased for approximately $0.0066 or 0.00000009 BTC on popular cryptocurrency exchanges. Siacoin has a total market capitalization of $378.04 million and approximately $8.39 million worth of Siacoin was traded on exchanges in the last day. Over the last seven days, Siacoin has traded 7.8% lower against the dollar.

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

  • Bitcoin (BTC) traded 0.4% higher against the dollar and now trades at $71,216.03 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 0.3% higher against the dollar and now trades at $0.16 or 0.00000229 BTC.
  • Bitcoin Cash (BCH) traded up 4.9% against the dollar and now trades at $500.88 or 0.00703327 BTC.
  • Litecoin (LTC) traded up 1.6% against the dollar and now trades at $85.00 or 0.00119348 BTC.
  • UNUS SED LEO (LEO) traded 1.1% higher against the dollar and now trades at $6.03 or 0.00008469 BTC.
  • Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $29.75 or 0.00041775 BTC.
  • Monero (XMR) traded up 2.1% against the dollar and now trades at $163.90 or 0.00230139 BTC.
  • Arweave (AR) traded 2.2% lower against the dollar and now trades at $43.89 or 0.00061626 BTC.
  • Bitcoin SV (BSV) traded up 1% against the dollar and now trades at $63.81 or 0.00089599 BTC.
  • eCash (XEC) traded 1.1% higher against the dollar and now trades at $0.0000 or 0.00000000 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 57,485,205,000 coins and its circulating supply is 57,455,893,668 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 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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the exchanges listed above.

Receive News & Updates for Siacoin Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Siacoin and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.