Siacoin Market Capitalization Achieves $412.32 Million (SC)

Siacoin (SC) traded down 3.5% against the U.S. dollar during the 24 hour period ending at 8:00 AM E.T. on May 5th. Siacoin has a total market capitalization of $412.32 million and $12.13 million worth of Siacoin was traded on exchanges in the last day. Over the last seven days, Siacoin has traded down 3.1% against the U.S. dollar. One Siacoin coin can currently be bought for $0.0072 or 0.00000011 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin (BTC) traded 0.6% lower against the dollar and now trades at $63,742.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.6% against the dollar and now trades at $0.16 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded down 1.7% against the dollar and now trades at $463.14 or 0.00726579 BTC.
• Litecoin (LTC) traded down 1.8% against the dollar and now trades at $80.94 or 0.00126986 BTC.
• UNUS SED LEO (LEO) traded 1.5% lower against the dollar and now trades at $5.77 or 0.00009055 BTC.
• Ethereum Classic (ETC) traded down 1% against the dollar and now trades at $26.83 or 0.00042091 BTC.
• Arweave (AR) traded up 7.3% against the dollar and now trades at $37.47 or 0.00058784 BTC.
• Monero (XMR) traded up 2.1% against the dollar and now trades at $126.88 or 0.00199051 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $64.47 or 0.00101142 BTC.
• eCash (XEC) traded down 4% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Siacoin Profile

Siacoin is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 1st, 2015. Siacoin’s total supply is 57,216,165,000 coins and its circulating supply is 57,058,591,976 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 presently possible to buy alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to trade Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView