Siacoin (SC) Price Down 4.2% Over Last 7 Days

Siacoin (SC) traded 3.2% higher against the U.S. dollar during the 1 day period ending at 11:00 AM E.T. on March 6th. One Siacoin coin can now be purchased for about $0.0035 or 0.00000004 BTC on popular exchanges. Siacoin has a total market capitalization of $197.12 million and $17.39 million worth of Siacoin was traded on exchanges in the last day. Over the last seven days, Siacoin has traded down 4.2% against the U.S. dollar.

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

• Bitcoin (BTC) traded up 1.6% against the dollar and now trades at $90,861.85 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 3.4% higher against the dollar and now trades at $0.21 or 0.00000228 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $9.91 or 0.00010912 BTC.
• Litecoin (LTC) traded up 3.3% against the dollar and now trades at $105.41 or 0.00116090 BTC.
• Bitcoin Cash (BCH) traded 0.7% higher against the dollar and now trades at $392.05 or 0.00431772 BTC.
• Monero (XMR) traded up 1% against the dollar and now trades at $226.70 or 0.00249674 BTC.
• Ethereum Classic (ETC) traded 1.6% higher against the dollar and now trades at $20.39 or 0.00022451 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 1.7% higher against the dollar and now trades at $0.22 or 0.00000241 BTC.
• Bitcoin SV (BSV) traded down 1.5% against the dollar and now trades at $36.49 or 0.00040185 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 59,838,825,676 coins and its circulating supply is 56,025,636,522 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. Siacoin’s official website 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.”

Buying and Selling Siacoin

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

SC/USD price chart by TradingView