Siacoin Reaches Self Reported Market Cap of $39.10 Million (SC)

Siacoin (SC) traded down 2.5% against the U.S. dollar during the twenty-four hour period ending at 8:00 AM ET on June 9th. In the last seven days, Siacoin has traded 19.2% lower against the U.S. dollar. Siacoin has a market capitalization of $39.10 million and approximately $3.99 million worth of Siacoin was traded on exchanges in the last day. One Siacoin coin can now be purchased for $0.0007 or 0.00000001 BTC on popular exchanges.

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

• Arweave (AR) traded 4.3% lower against the dollar and now trades at $1.88 or 0.00003004 BTC.
• Bitcoin (BTC) traded down 1.2% against the dollar and now trades at $62,609.27 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.1% lower against the dollar and now trades at $0.0854 or 0.00000136 BTC.
• UNUS SED LEO (LEO) traded 1.2% lower against the dollar and now trades at $9.43 or 0.00015063 BTC.
• Zcash (ZEC) traded up 8.4% against the dollar and now trades at $469.86 or 0.00750460 BTC.
• Monero (XMR) traded up 2.2% against the dollar and now trades at $320.44 or 0.00511812 BTC.
• Bitcoin Cash (BCH) traded down 0.2% against the dollar and now trades at $206.76 or 0.00330235 BTC.
• Litecoin (LTC) traded 1.7% lower against the dollar and now trades at $42.41 or 0.00067733 BTC.
• Ethereum Classic (ETC) traded down 2.2% against the dollar and now trades at $7.01 or 0.00011202 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Coin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It launched on June 5th, 2015. Siacoin’s total supply is 62,217,525,676 coins and its circulating supply is 56,025,636,522 coins. The official message board for Siacoin is sia.tech/blog. 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 @siafoundation 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. Discord, YouTubeWhitepaper”

Siacoin Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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