Siacoin Hits Market Cap of $205.49 Million (SC)

Siacoin (SC) traded up 2.6% against the US dollar during the 1 day period ending at 10:00 AM ET on February 26th. One Siacoin coin can now be purchased for approximately $0.0037 or 0.00000004 BTC on cryptocurrency exchanges. Siacoin has a total market cap of $205.49 million and $22.23 million worth of Siacoin was traded on exchanges in the last 24 hours. During the last week, Siacoin has traded 11.6% lower against the US dollar.

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

• Bitcoin (BTC) traded up 0.9% against the dollar and now trades at $87,432.49 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.7% against the dollar and now trades at $0.21 or 0.00000237 BTC.
• Litecoin (LTC) traded 15.5% higher against the dollar and now trades at $126.64 or 0.00144845 BTC.
• UNUS SED LEO (LEO) traded 4.1% higher against the dollar and now trades at $9.24 or 0.00010569 BTC.
• Bitcoin Cash (BCH) traded 5.4% higher against the dollar and now trades at $294.55 or 0.00336887 BTC.
• Monero (XMR) traded 0.6% lower against the dollar and now trades at $217.54 or 0.00248806 BTC.
• Ethereum Classic (ETC) traded 4.2% higher against the dollar and now trades at $18.86 or 0.00021569 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 8.6% against the dollar and now trades at $0.20 or 0.00000234 BTC.
• Bitcoin SV (BSV) traded 5.2% higher against the dollar and now trades at $35.16 or 0.00040209 BTC.

Siacoin Profile

Siacoin (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 59,672,535,676 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 @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.”

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 Gemini, Changelly or Coinbase. 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