Siacoin (SC) Price Reaches $0.0027 on Exchanges

Siacoin (SC) traded 7.7% lower against the US dollar during the 24-hour period ending at 10:00 AM E.T. on April 3rd. Siacoin has a total market cap of $152.99 million and $27.20 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be bought for about $0.0027 or 0.00000003 BTC on cryptocurrency exchanges. During the last week, Siacoin has traded 21.5% lower against the US dollar.

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

• Arweave (AR) traded down 3.8% against the dollar and now trades at $5.58 or 0.00006822 BTC.
• Bitcoin (BTC) traded down 5.1% against the dollar and now trades at $81,823.81 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 8.2% lower against the dollar and now trades at $0.16 or 0.00000192 BTC.
• UNUS SED LEO (LEO) traded up 0.6% against the dollar and now trades at $9.40 or 0.00011489 BTC.
• Litecoin (LTC) traded 2% lower against the dollar and now trades at $81.47 or 0.00099573 BTC.
• Bitcoin Cash (BCH) traded 3.2% lower against the dollar and now trades at $295.82 or 0.00361529 BTC.
• Monero (XMR) traded down 2.5% against the dollar and now trades at $212.06 or 0.00259169 BTC.
• Ethereum Classic (ETC) traded 4.1% lower against the dollar and now trades at $15.73 or 0.00019226 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Zcash (ZEC) traded 3.7% lower against the dollar and now trades at $38.06 or 0.00046517 BTC.

Siacoin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 6th, 2015. Siacoin’s total supply is 59,960,265,676 coins and its circulating supply is 56,025,636,522 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, “Sia is an actively developed decentralized storage platform. Users all over the world contribute disk storage from their computers to form a decentralized network.Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via “smart” storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.The distrubuted nature of the Sia network enables many optimizations in latency, throughput, reliability, and security. The decentralized nature of the Sia network enables anyone with storage to get paid, lowering the barrier to entry and reducing the overall price of cloud storage.The Sia cryptocurrency is live! You can rent storage using siacoins and hosts providing storage to the network receive compensation in the form of siacoins. The storage platform itself is still in beta, and only uploads that are 500mb or less in size are supported by the wallet.”

Siacoin Coin Trading

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

SC/USD price chart by TradingView