Siacoin (SC) Price Reaches $0.0034 on Top Exchanges

Siacoin (SC) traded 4.7% higher against the US dollar during the 1 day period ending at 12:00 PM E.T. on June 10th. Siacoin has a total market cap of $190.91 million and $6.91 million worth of Siacoin was traded on exchanges in the last 24 hours. One Siacoin coin can currently be purchased for approximately $0.0034 or 0.00000003 BTC on popular cryptocurrency exchanges. During the last week, Siacoin has traded down 1.4% against the US dollar.

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

• Arweave (AR) traded up 7.6% against the dollar and now trades at $7.11 or 0.00006513 BTC.
• Bitcoin (BTC) traded 1.1% higher against the dollar and now trades at $109,124.10 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 3.4% against the dollar and now trades at $0.19 or 0.00000175 BTC.
• Bitcoin Cash (BCH) traded 2.3% higher against the dollar and now trades at $429.34 or 0.00393534 BTC.
• UNUS SED LEO (LEO) traded 3.2% lower against the dollar and now trades at $8.89 or 0.00008151 BTC.
• Litecoin (LTC) traded up 2.9% against the dollar and now trades at $91.09 or 0.00083496 BTC.
• Monero (XMR) traded 0.9% higher against the dollar and now trades at $332.10 or 0.00304406 BTC.
• Ethereum Classic (ETC) traded up 6.1% against the dollar and now trades at $18.16 or 0.00016643 BTC.
• Zcash (ZEC) traded up 4.2% against the dollar and now trades at $52.23 or 0.00047877 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

Siacoin 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 60,646,005,676 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 Twitter account is @sia__foundation and its Facebook page is accessible here. The official website for Siacoin is sia.tech.

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.”

Buying and Selling Siacoin

It is usually not currently 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 Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Siacoin using one of the exchanges listed above.

SC/USD price chart by TradingView