Siacoin (SC) Reaches 24-Hour Trading Volume of $8.28 Million

Siacoin (SC) traded 2.1% higher against the U.S. dollar during the one day period ending at 8:00 AM ET on May 2nd. Siacoin has a total market capitalization of $385.60 million and $8.28 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be purchased for $0.0068 or 0.00000011 BTC on exchanges. During the last seven days, Siacoin has traded down 12.2% against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded up 1.6% against the dollar and now trades at $58,849.51 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 4.1% against the dollar and now trades at $0.13 or 0.00000224 BTC.
• Bitcoin Cash (BCH) traded 3.7% higher against the dollar and now trades at $426.39 or 0.00724539 BTC.
• Litecoin (LTC) traded 3.4% higher against the dollar and now trades at $80.16 or 0.00136215 BTC.
• UNUS SED LEO (LEO) traded 0.8% higher against the dollar and now trades at $5.87 or 0.00009970 BTC.
• Ethereum Classic (ETC) traded up 3.4% against the dollar and now trades at $25.73 or 0.00043729 BTC.
• Monero (XMR) traded up 5.6% against the dollar and now trades at $125.71 or 0.00213613 BTC.
• Arweave (AR) traded up 15.4% against the dollar and now trades at $31.94 or 0.00054270 BTC.
• Bitcoin SV (BSV) traded 1.6% higher against the dollar and now trades at $58.57 or 0.00099523 BTC.
• eCash (XEC) traded 2.6% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Coin Profile

SC 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 57,071,175,000 coins and its circulating supply is 57,043,789,839 coins. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech. 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.”

Buying and Selling Siacoin

It is usually not currently 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 Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView