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Siacoin Achieves Market Cap of $219.61 Million (SC)

Financial News Live ·  May 1, 2023 00:42

Siacoin (SC) traded 0.9% lower against the dollar during the 1 day period ending at 12:00 PM Eastern on April 30th. One Siacoin coin can now be bought for about $0.0041 or 0.00000014 BTC on exchanges. Siacoin has a market capitalization of $219.61 million and $9.50 million worth of Siacoin was traded on exchanges in the last day. During the last week, Siacoin has traded up 3.5% against the dollar.

Here's how related cryptocurrencies have performed during the last day:

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  • Bitcoin (BTC) traded 1.7% higher against the dollar and now trades at $29,782.30 or 1.00000000 BTC.
  • Dogecoin (DOGE) traded 0.4% higher against the dollar and now trades at $0.0814 or 0.00000273 BTC.
  • Litecoin (LTC) traded 0.2% higher against the dollar and now trades at $90.95 or 0.00305387 BTC.
  • UNUS SED LEO (LEO) traded 1.3% higher against the dollar and now trades at $3.61 or 0.00012108 BTC.
  • Monero (XMR) traded down 0.1% against the dollar and now trades at $155.74 or 0.00522932 BTC.
  • Ethereum Classic (ETC) traded 0.1% higher against the dollar and now trades at $19.92 or 0.00066870 BTC.
  • Bitcoin Cash (BCH) traded up 0.6% against the dollar and now trades at $120.27 or 0.00403836 BTC.
  • DEI (DEI) traded 0.3% higher against the dollar and now trades at $0.25 or 0.00000851 BTC.
  • Pax Dollar (USDP) traded 0.7% higher against the dollar and now trades at $1.01 or 0.00003381 BTC.
  • Conflux (CFX) traded up 0.6% against the dollar and now trades at $0.33 or 0.00001111 BTC.

Siacoin Profile

Siacoin (SC) is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. Its launch date was June 1st, 2015. Siacoin's total supply is 53,906,782,991 coins. Siacoin's official Twitter account is @skynetlabs and its Facebook page is accessible here. The Reddit community for Siacoin is and the currency's Github account can be viewed here. The official website for Siacoin is sia.tech.

According to CryptoCompare, "Sia is a decentralized storage platform where users contribute disk storage from their computers to create a decentralized network. Users can rent storage from hosts on Sia using siacoins, and smart storage contracts on the Sia blockchain ensure payment to the host only after keeping the file for a specific amount of time. The distributed nature of the Sia network offers benefits in latency, throughput, reliability, and security, and anyone with storage can get paid, reducing the overall price of cloud storage. The Sia cryptocurrency is live, and the platform is still in beta, supporting uploads that are 500mb or less in size."

Buying and Selling Siacoin

It is usually not presently possible to buy alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView

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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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