Siacoin Trading Down 5.4% This Week (SC)

Siacoin (SC) traded 3.2% lower against the dollar during the 1-day period ending at 20:00 PM Eastern on September 6th. Siacoin has a total market cap of $236.26 million and approximately $5.01 million worth of Siacoin was traded on exchanges in the last day. During the last seven days, Siacoin has traded down 5.4% against the dollar. One Siacoin coin can currently be bought for $0.0041 or 0.00000008 BTC on cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 4.1% against the dollar and now trades at $53,935.76 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 6.2% against the dollar and now trades at $0.0924 or 0.00000171 BTC.
• Bitcoin Cash (BCH) traded down 4.1% against the dollar and now trades at $294.70 or 0.00546385 BTC.
• UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $5.46 or 0.00010131 BTC.
• Litecoin (LTC) traded down 4.4% against the dollar and now trades at $63.28 or 0.00117321 BTC.
• Monero (XMR) traded down 4% against the dollar and now trades at $165.79 or 0.00307387 BTC.
• Ethereum Classic (ETC) traded down 1.5% against the dollar and now trades at $17.33 or 0.00032138 BTC.
• Arweave (AR) traded 4.9% lower against the dollar and now trades at $20.01 or 0.00037099 BTC.
• Bitcoin SV (BSV) traded 1.5% lower against the dollar and now trades at $44.54 or 0.00082580 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

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 57,769,785,000 coins and its circulating supply is 57,740,391,700 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.”

Siacoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using US dollars. Investors seeking to acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView