Siacoin (SC) Price Down 13.8% Over Last Week

Siacoin (SC) traded 1% lower against the dollar during the 1 day period ending at 11:00 AM Eastern on June 23rd. One Siacoin coin can currently be bought for approximately $0.0045 or 0.00000007 BTC on exchanges. Siacoin has a market cap of $260.86 million and $1.74 million worth of Siacoin was traded on exchanges in the last 24 hours. In the last seven days, Siacoin has traded down 13.8% against the dollar.

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

  • Bitcoin (BTC) traded 0.3% lower against the dollar and now trades at $64,159.57 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded down 1.3% against the dollar and now trades at $0.12 or 0.00000192 BTC.
  • Bitcoin Cash (BCH) traded 2.1% lower against the dollar and now trades at $384.60 or 0.00599448 BTC.
  • Litecoin (LTC) traded up 0% against the dollar and now trades at $74.34 or 0.00115863 BTC.
  • UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.75 or 0.00008967 BTC.
  • Ethereum Classic (ETC) traded 2.2% lower against the dollar and now trades at $23.02 or 0.00035880 BTC.
  • Monero (XMR) traded up 0.4% against the dollar and now trades at $163.24 or 0.00254427 BTC.
  • Arweave (AR) traded 4.1% lower against the dollar and now trades at $26.65 or 0.00041532 BTC.
  • Bitcoin SV (BSV) traded 3.1% higher against the dollar and now trades at $46.64 or 0.00072699 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin’s total supply is 57,560,115,000 coins and its circulating supply is 57,532,052,067 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 U.S. dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the aforementioned exchanges.

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