Siacoin (SC) Market Capitalization Tops $412.61 Million

Siacoin (SC) traded up 0.5% against the U.S. dollar during the one day period ending at 9:00 AM ET on November 30th. Siacoin has a market cap of $412.61 million and approximately $36.41 million worth of Siacoin was traded on exchanges in the last day. In the last week, Siacoin has traded 10.9% higher against the U.S. dollar. One Siacoin coin can currently be purchased for approximately $0.0071 or 0.00000007 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 1.4% against the dollar and now trades at $96,532.80 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.7% against the dollar and now trades at $0.42 or 0.00000438 BTC.
• Bitcoin Cash (BCH) traded 2.7% higher against the dollar and now trades at $527.30 or 0.00546244 BTC.
• UNUS SED LEO (LEO) traded 1.4% higher against the dollar and now trades at $8.70 or 0.00009008 BTC.
• Litecoin (LTC) traded 3.4% higher against the dollar and now trades at $102.03 or 0.00105690 BTC.
• Ethereum Classic (ETC) traded up 3.2% against the dollar and now trades at $32.81 or 0.00033986 BTC.
• Monero (XMR) traded up 1.2% against the dollar and now trades at $159.37 or 0.00165090 BTC.
• Arweave (AR) traded 12.1% higher against the dollar and now trades at $24.66 or 0.00025545 BTC.
• Bitcoin SV (BSV) traded up 1.5% against the dollar and now trades at $71.37 or 0.00073930 BTC.
• IOTA (MIOTA) traded 12.9% higher against the dollar and now trades at $0.28 or 0.00000289 BTC.

Siacoin Profile

Siacoin 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. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible 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 currently possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to acquire Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView