Siacoin Hits 24 Hour Volume of $47.17 Million (SC)

Siacoin (SC) traded up 5% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on December 12th. Over the last week, Siacoin has traded 9.2% lower against the US dollar. One Siacoin coin can now be bought for about $0.0071 or 0.00000007 BTC on major cryptocurrency exchanges. Siacoin has a total market capitalization of $410.59 million and $47.17 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded up 1.5% against the dollar and now trades at $101,194.94 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 2.7% against the dollar and now trades at $0.42 or 0.00000409 BTC.
• Bitcoin Cash (BCH) traded up 2.5% against the dollar and now trades at $551.82 or 0.00543812 BTC.
• Litecoin (LTC) traded up 6.9% against the dollar and now trades at $121.85 or 0.00120081 BTC.
• UNUS SED LEO (LEO) traded up 2.9% against the dollar and now trades at $9.60 or 0.00009464 BTC.
• Ethereum Classic (ETC) traded up 5.9% against the dollar and now trades at $34.93 or 0.00034419 BTC.
• Monero (XMR) traded 2.8% higher against the dollar and now trades at $196.72 or 0.00193863 BTC.
• Arweave (AR) traded up 2.1% against the dollar and now trades at $23.48 or 0.00023137 BTC.
• IOTA (MIOTA) traded up 10.2% against the dollar and now trades at $0.43 or 0.00000423 BTC.
• Bitcoin SV (BSV) traded up 3.7% against the dollar and now trades at $68.17 or 0.00067185 BTC.

Siacoin Profile

SC 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 57,769,785,000 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 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.”

Siacoin Coin Trading

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