Siacoin Price Hits $0.0041 on Top Exchanges (SC)

Siacoin (SC) traded down 1% against the U.S. dollar during the 1-day period ending at 8:00 AM Eastern on September 7th. Siacoin has a market capitalization of $237.47 million and approximately $3.74 million worth of Siacoin was traded on exchanges in the last 24 hours. In the last week, Siacoin has traded down 4.5% against the U.S. dollar. One Siacoin coin can now be purchased for about $0.0041 or 0.00000008 BTC on major cryptocurrency exchanges.

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

• Bitcoin (BTC) traded down 4% against the dollar and now trades at $54,506.62 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 2.1% lower against the dollar and now trades at $0.0949 or 0.00000174 BTC.
• Bitcoin Cash (BCH) traded down 2.3% against the dollar and now trades at $303.72 or 0.00557532 BTC.
• UNUS SED LEO (LEO) traded 2.9% lower against the dollar and now trades at $5.40 or 0.00009905 BTC.
• Litecoin (LTC) traded down 3.2% against the dollar and now trades at $63.54 or 0.00116630 BTC.
• Monero (XMR) traded 1.3% lower against the dollar and now trades at $169.81 or 0.00311704 BTC.
• Ethereum Classic (ETC) traded down 0.8% against the dollar and now trades at $17.62 or 0.00032346 BTC.
• Arweave (AR) traded down 4.2% against the dollar and now trades at $20.65 or 0.00037913 BTC.
• Bitcoin SV (BSV) traded 1.3% lower against the dollar and now trades at $45.15 or 0.00082884 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin (CRYPTO: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. Siacoin’s official website is sia.tech. 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 purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView