Siacoin Trading Down 13% Over Last 7 Days (SC)

Siacoin (SC) traded down 6.1% against the U.S. dollar during the 1 day period ending at 11:00 AM Eastern on April 7th. In the last week, Siacoin has traded down 13% against the U.S. dollar. One Siacoin coin can currently be bought for approximately $0.0027 or 0.00000003 BTC on exchanges. Siacoin has a total market cap of $149.12 million and approximately $33.55 million worth of Siacoin was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded 5.3% lower against the dollar and now trades at $5.16 or 0.00006537 BTC.
• Bitcoin (BTC) traded 4.6% lower against the dollar and now trades at $78,970.83 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 8.3% against the dollar and now trades at $0.15 or 0.00000188 BTC.
• UNUS SED LEO (LEO) traded 0.7% lower against the dollar and now trades at $8.96 or 0.00011341 BTC.
• Bitcoin Cash (BCH) traded down 7.1% against the dollar and now trades at $273.75 or 0.00346558 BTC.
• Litecoin (LTC) traded 10.8% lower against the dollar and now trades at $70.69 or 0.00089488 BTC.
• Monero (XMR) traded down 7.2% against the dollar and now trades at $196.26 or 0.00248463 BTC.
• Ethereum Classic (ETC) traded 7.3% lower against the dollar and now trades at $14.41 or 0.00018244 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• IOTA (MIOTA) traded 5.1% lower against the dollar and now trades at $0.15 or 0.00000190 BTC.

About Siacoin

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 6th, 2015. Siacoin’s total supply is 60,108,135,676 coins and its circulating supply is 56,025,636,522 coins. 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. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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 US dollars. Investors seeking to acquire Siacoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView