Siacoin (SC) Price Down 11.6% Over Last 7 Days

Siacoin (SC) traded down 3.2% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on June 16th. One Siacoin coin can now be purchased for approximately $0.0053 or 0.00000008 BTC on major exchanges. Siacoin has a total market cap of $303.08 million and approximately $3.33 million worth of Siacoin was traded on exchanges in the last day. In the last seven days, Siacoin has traded 11.6% lower against the US dollar.

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

• Bitcoin (BTC) traded 0.6% higher against the dollar and now trades at $66,590.34 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.1% lower against the dollar and now trades at $0.14 or 0.00000205 BTC.
• Bitcoin Cash (BCH) traded up 0.9% against the dollar and now trades at $432.89 or 0.00650085 BTC.
• Litecoin (LTC) traded up 0.5% against the dollar and now trades at $79.10 or 0.00118789 BTC.
• UNUS SED LEO (LEO) traded up 2.4% against the dollar and now trades at $5.86 or 0.00008796 BTC.
• Ethereum Classic (ETC) traded 0.2% higher against the dollar and now trades at $25.49 or 0.00038282 BTC.
• Monero (XMR) traded 1.4% higher against the dollar and now trades at $174.14 or 0.00261515 BTC.
• Arweave (AR) traded down 4% against the dollar and now trades at $28.18 or 0.00042314 BTC.
• Bitcoin SV (BSV) traded 0.9% lower against the dollar and now trades at $49.49 or 0.00074316 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (CRYPTO: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 57,529,905,000 coins and its circulating supply is 57,502,218,447 coins. 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. 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 buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView