Siacoin (SC) Market Capitalization Tops $193.25 Million

Siacoin (SC) traded up 0.1% against the U.S. dollar during the 24-hour period ending at 11:00 AM E.T. on March 26th. One Siacoin coin can now be purchased for $0.0034 or 0.00000004 BTC on popular cryptocurrency exchanges. Siacoin has a market cap of $193.25 million and approximately $17.52 million worth of Siacoin was traded on exchanges in the last day. In the last seven days, Siacoin has traded up 1.2% against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Arweave (AR) traded down 5.2% against the dollar and now trades at $7.26 or 0.00008394 BTC.
• Bitcoin (BTC) traded down 1% against the dollar and now trades at $86,545.33 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.9% higher against the dollar and now trades at $0.20 or 0.00000226 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $9.80 or 0.00011326 BTC.
• Litecoin (LTC) traded 0.4% lower against the dollar and now trades at $93.14 or 0.00107620 BTC.
• Bitcoin Cash (BCH) traded down 0.4% against the dollar and now trades at $330.22 or 0.00381581 BTC.
• Monero (XMR) traded up 0.7% against the dollar and now trades at $223.77 or 0.00258570 BTC.
• Ethereum Classic (ETC) traded down 1% against the dollar and now trades at $18.12 or 0.00020941 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded up 4.4% against the dollar and now trades at $0.20 or 0.00000230 BTC.

Siacoin Coin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 6th, 2015. Siacoin’s total supply is 59,924,535,676 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 website is sia.tech. 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 buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView