Siacoin Reaches 24 Hour Trading Volume of $15.93 Million (SC)

Siacoin (SC) traded 4% higher against the dollar during the one day period ending at 11:00 AM Eastern on November 6th. One Siacoin coin can currently be bought for $0.0045 or 0.00000006 BTC on major cryptocurrency exchanges. In the last seven days, Siacoin has traded down 6.7% against the dollar. Siacoin has a market cap of $257.25 million and approximately $15.93 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 5.5% higher against the dollar and now trades at $74,297.72 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 8.4% against the dollar and now trades at $0.19 or 0.00000257 BTC.
• Bitcoin Cash (BCH) traded up 7.4% against the dollar and now trades at $368.88 or 0.00496491 BTC.
• UNUS SED LEO (LEO) traded 1% higher against the dollar and now trades at $6.11 or 0.00008228 BTC.
• Litecoin (LTC) traded up 4.5% against the dollar and now trades at $69.48 or 0.00093514 BTC.
• Monero (XMR) traded up 0.5% against the dollar and now trades at $163.26 or 0.00219732 BTC.
• Ethereum Classic (ETC) traded 4.7% higher against the dollar and now trades at $19.07 or 0.00025668 BTC.
• Arweave (AR) traded 10.3% higher against the dollar and now trades at $15.29 or 0.00020577 BTC.
• Bitcoin SV (BSV) traded 6.4% higher against the dollar and now trades at $50.29 or 0.00067683 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched 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.”

Buying and Selling Siacoin

It is usually not possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. 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