Siacoin Reaches 24-Hour Volume of $5.69 Million (SC)

Siacoin (SC) traded down 0.4% against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on November 17th. In the last seven days, Siacoin has traded 11.9% lower against the U.S. dollar. One Siacoin coin can now be bought for about $0.0018 or 0.00000002 BTC on major cryptocurrency exchanges. Siacoin has a market cap of $100.10 million and $5.69 million worth of Siacoin was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

• Arweave (AR) traded 0.4% lower against the dollar and now trades at $4.33 or 0.00004615 BTC.
• Bitcoin (BTC) traded down 1.1% against the dollar and now trades at $93,859.07 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.2% lower against the dollar and now trades at $0.16 or 0.00000169 BTC.
• Zcash (ZEC) traded down 4.3% against the dollar and now trades at $673.62 or 0.00717692 BTC.
• Bitcoin Cash (BCH) traded 4.5% higher against the dollar and now trades at $503.46 or 0.00536403 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $9.11 or 0.00009706 BTC.
• Monero (XMR) traded 5.7% higher against the dollar and now trades at $418.29 or 0.00445661 BTC.
• Litecoin (LTC) traded down 3.4% against the dollar and now trades at $94.60 or 0.00100788 BTC.
• Ethereum Classic (ETC) traded down 0.3% against the dollar and now trades at $14.71 or 0.00015669 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

About Siacoin

Siacoin (CRYPTO:SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its genesis date was June 6th, 2015. Siacoin’s total supply is 62,005,395,676 coins and its circulating supply is 56,025,636,522 coins. Siacoin’s official message board is sia.tech/blog. 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. 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.”

Siacoin Coin Trading

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 Changelly, Coinbase 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