Siacoin (SC) 24-Hour Volume Tops $2.38 Million

Siacoin (SC) traded up 0.1% against the dollar during the twenty-four hour period ending at 23:00 PM ET on November 1st. During the last seven days, Siacoin has traded down 4.3% against the dollar. Siacoin has a total market capitalization of $258.94 million and $2.38 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be bought for $0.0045 or 0.00000006 BTC on major exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 0.8% against the dollar and now trades at $69,753.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2% against the dollar and now trades at $0.16 or 0.00000233 BTC.
• Bitcoin Cash (BCH) traded up 0.4% against the dollar and now trades at $351.78 or 0.00504320 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.05 or 0.00008668 BTC.
• Litecoin (LTC) traded up 3% against the dollar and now trades at $70.92 or 0.00101673 BTC.
• Monero (XMR) traded 2.6% higher against the dollar and now trades at $159.05 or 0.00228016 BTC.
• Ethereum Classic (ETC) traded up 0.4% against the dollar and now trades at $18.57 or 0.00026622 BTC.
• Bitcoin SV (BSV) traded down 1.1% against the dollar and now trades at $49.98 or 0.00071650 BTC.
• Arweave (AR) traded down 2.1% against the dollar and now trades at $14.95 or 0.00021426 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About 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 57,769,785,000 coins and its circulating supply is 57,740,391,700 coins. The official website for Siacoin is sia.tech. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed 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 possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView