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Siacoin

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SC
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1 SC = 0.006986 USD
Last updated 2024-04-17 12:18:55(UTC-0)

Siacoin price live data summary

The live price of Siacoin is $0.006986 per (SC / USD) today with a current market cap of $398.09M USD. The 24-hour trading volume is $9.16M USD. SC to USD price is updated in real time. Siacoin is -0.98% in the last 24 hours. It has a circulating supply of 56,982,135,000 .

What is the highest price of SC?

SC has an all-time high (ATH) of $0.1117, recorded on 2018-01-06.

What is the lowest price of SC?

SC has an all-time low (ATL) of $0.{4}1131, recorded on 2015-12-01.

Siacoin price prediction

Set your prediction

When is a good time to buy SC? Should I buy or sell now?

When deciding whether to buy or sell SC, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget SC technical analysis can provide you with a reference for trading.
According to the SC 4h technical analysis, the trading signal is Strong sell.
According to the SC 1d technical analysis, the trading signal is Sell.
According to the SC 1w technical analysis, the trading signal is Sell.
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Siacoin price performance in USD

24h7d30d90d1yAll-time
-0.98%-25.44%-27.16%-40.72%+60.33%+15114.35%

Siacoin price history in USD

TimeLowHigh
24h$0.006892$0.007270
7d$0.006263$0.009522
30d$0.006263$0.01189
90d$0.006263$0.02294
1y$0.002540$0.02294
All-time$0.{4}1131(2015-12-01, 8 years ago )$0.1117(2018-01-06, 6 years ago )

Siacoin market information

Market cap
$398,087,668.76
-0.98%
Fully diluted market cap
$398,268,335.08
-0.98%
Volume (24h)
$9,158,135.27
-60.55%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.023
Circulating supply
56,982,135,000 SC
Total supply / Max supply
57.01B SC
-- SC

Siacoin ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Siacoin Social Data

In the last 24 hours, the social media sentiment score for Siacoin was 3, and the social media sentiment towards Siacoin price trend was Bullish. The overall Siacoin social media score was 0, which ranks 903 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,328,746 times, with Siacoin being mentioned with a frequency ratio of 0%, ranking 892 among all cryptocurrencies.

In the last 24 hours, there were a total of 138 unique users discussing Siacoin, with a total of Siacoin mentions of 19. However, compared to the previous 24-hour period, the number of unique users increase by 8%, and the total number of mentions has increase by 217%.

On Twitter, there were a total of 0 tweets mentioning Siacoin in the last 24 hours. Among them, 0% are bullish on Siacoin, 0% are bearish on Siacoin, and 100% are neutral on Siacoin.

On Reddit, there were 26 posts mentioning Siacoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions increase by 4% . Additionally, there were 0 comments mentioning Siacoin. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

All social overview

Average sentiment(24h)
3
Social score(24h)
0(#903)
Social contributors(24h)
138
+8%
Social mentions(24h)
19(#892)
+217%
Social dominance(24h)
0%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
1288
Reddit posts(24h)
26
+4%
Reddit comments(24h)
0
0%

About Siacoin(SC)

What Is Siacoin?

Siacoin is a decentralized cloud storage platform that leverages blockchain">blockchain technology to facilitate secure, private, and affordable data storage solutions. Founded in 2013 by developers David Vorick and Luke Champine, Siacoin aims to be the backbone storage layer of the internet, offering a viable alternative to centralized cloud storage services like Amazon and Google. The platform operates on a peer-to-peer network, eliminating the need for intermediaries and ensuring data privacy and security.

Siacoin is a fully automated ecosystem comprising renters, hosts, and miners, overseen by a dedicated team of developers. The network is built upon the principles of privacy and security, with features that prevent third-party access to stored data. Siacoin's open-source protocol utilizes data sharding techniques and redundancy to enhance data obfuscation and retrievability, making it a highly affordable and reliable data storage solution.

Resources

Whitepaper: https://sia.tech/sia.pdf

Official Website: https://sia.tech/

How Does Siacoin Work?

Siacoin operates through a unique system where anyone with extra storage space on their computer can become a host, offering storage solutions to renters in a contractual agreement. The platform employs file sharding technology, where files are split into multiple segments and distributed globally to various storage providers. This process not only accelerates transfer speeds but also ensures data redundancy, preventing single points of failure.

Before being uploaded to the network, files are encrypted using Siacoin's Threefish algorithm, guaranteeing that only the data owner can access the stored information. This encryption process stands as a stark contrast to conventional cloud storage providers, where encryption is not always the default option, and keys are often held by the service provider.

Siacoin's network is underpinned by smart contracts that facilitate agreements between hosts and renters. These contracts detail the storage duration, pricing, and other parameters, with hosts required to provide regular proofs of storage to maintain transparency and trust within the network. Payments within the ecosystem are facilitated using the SC token, fostering a seamless transaction process.

What Is SC Token?

The SC token, or Siacoin, is the central currency powering the Sia network. This utility token facilitates transactions within the marketplace, with renters using SC to pay for storage space and hosts receiving payments in SC for offering their services. Siacoin also features a secondary token known as Siafunds, which serves as a revenue-sharing mechanism within the network. Siafund holders receive a portion of Siacoins as rewards upon the completion of contracts, fostering a sustainable ecosystem that encourages continuous growth and development.

Siacoin's Impact on Finance

In the broader financial landscape, Siacoin stands as a testament to the transformative potential of blockchain technology. By offering a decentralized and encrypted storage solution, Siacoin is paving the way for a new era of data security and privacy. Its innovative approach to cloud storage not only challenges the dominance of established players but also presents a more affordable and secure alternative for individuals and businesses alike.

Furthermore, Siacoin's decentralized nature promotes financial inclusivity, allowing anyone with extra storage space to earn passive income through the network. As the demand for secure and private data storage solutions continues to grow, Siacoin is poised to play a significant role in reshaping the financial dynamics of the digital age..

What Determines Siacoin's Price?

In the dynamic world of cryptocurrency, the Siacoin price today is influenced by a myriad of factors that potential investors keenly observe through meticulous Siacoin (SC) price analysis and detailed Siacoin technical analysis. One of the primary determinants of the evolving Siacoin price prediction is its utility within the Sia network, a decentralized cloud storage platform. The current Siacoin value is closely intertwined with its role in facilitating transactions within the network, where it functions as the medium of exchange for various services and features. Users looking to secure data storage on the Sia network acquire the necessary space utilizing Siacoin tokens, thereby driving demand and potentially influencing the Siacoin price in USD or Siacoin price in BTC.

The Siacoin market cap, significantly noted at over 160 million SC tokens as of this writing, remains a critical factor that experts scrutinize when crafting Siacoin investment strategies. Investors and enthusiasts often maintain a close watch on the Siacoin price history and Siacoin price graph to gauge the potential Siacoin future price, formulating informed decisions based on trends and patterns noticeable in the Siacoin daily price fluctuations.

Moreover, developments within the Sia network and its affiliated platforms, like Skynet - a decentralized file-sharing and content delivery platform built atop Sia - can significantly influence the Siacoin price forecast. Innovations and upgrades within the network, as highlighted in the latest Siacoin news, can encourage increased user engagement, potentially driving up the demand and, consequently, the SC token price. As the network undergoes transformations to offer enhanced features and security measures, it could boost investors' confidence, reflecting positively on the Siacoin price predictions for 2023 and beyond. Like any other cryptocurrency, it remains essential for potential investors to conduct comprehensive research and analysis, staying updated with Siacoin historical data and market trends to make well-informed decisions regarding their Siacoin investment.

Trade SC perpetual futures

After having successfully signed up on Bitget and purchased USDT or SC tokens, you can start trading derivatives, including SC futures and margin trading to increase your income.

The current price of SC is $0.006986, with a 24h price change of -0.98%. Traders can profit by either going long or short onSC futures.

Join SC copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or SC tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of Siacoin.

What is the current price of Siacoin?

We update our Siacoin to USD price in real time. Get the live Price of Siacoin on Bitget.

What is the 24 hour trading volume of Siacoin?

Over the last 24 hours, the trading volume of Siacoin is $9.16M.

What is the all-time high of Siacoin?

The all-time high of Siacoin is $0.1117. This all-time high is highest price for Siacoin since it was launched.

Can I buy Siacoin on Bitget?

Yes, Siacoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in Siacoin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Siacoin with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What factors influence Siacoin price?

A multitude of specific factors can influence the value of Siacoin and form SC’s market price. One such factor is the limitless total supply and circulating supply. Much like the United States Dollar (USD), Siacoin (SC) doesn’t have a fixed supply – which makes SCinflationary. The market cap of Siacoin is calculated by multiplying the number of SC in circulating supply with the current price of SC on the open crypto market. Another important factor that may influence Siacoin’s value is the overall adoption of its network. The greater the number of users on the Siacoin network, the more demand for SC, which should consequently lead to increased value even with its inflationary policy.

What is Siacoin history?

The concept of Siacoin cloud storage was initially introduced by David Vorick and Luke Champine at an MIT hackathon. They went on to establish Nebulous Inc., Siacoin's parent company, in 2014 and launched the beta network for Siacoin in 2015. With funding of $750,000 from various contributors, the development of the Nebulous Inc. and Siacoin project was set in motion. By the close of 2015, the duo successfully introduced the final version of the Siacoin storage network. Post-launch of the final blockchain, Vorick and Champine have secured over $6.4 million in investments for the company from notable investors like Fenbushi Capital, Raptor Group, INBlockchain, and First Star Ventures. The Siacoin network has experienced continual growth and evolution, with Vorick and Champine expanding their team by bringing on a diverse array of developers, thereby enhancing Siacoin's presence and reputation in the decentralized cloud storage sector for SEO optimization.

How does Siacoin work?

The Siacoin network operates on a decentralized peer-to-peer system, allowing participants to be hosts or renters and manage their own data, enhancing data security and user autonomy. Utilizing Siacoin (SC) for transactions, users pay for storage services, with the data being fragmented and distributed across nodes, ensuring increased security and reducing vulnerability. This distribution also allows for immediate real-time responses, eliminating reliance on a central server. The network’s foundation lies in File Contracts, a form of smart contracts, facilitating interaction between hosts and renters. Hosts, offering their storage capacities, are compensated by renters and can set their service terms. Siacoin employs the Proof-of-Work (PoW) protocol, enabling SC mining, with no cap on Siacoin’s maximum supply, highlighting its scalable and user-centric approach in the decentralized storage landscape.

What is Siacoin used for?

The Siacoin blockchain offers a decentralized experience within the cloud storage sector, allowing people to rent and use storage space and bandwidth in exchange for SC-based payments. Staked SC can also be lost by unstable network hosts.

What makes Siacoin unique?

Siacoin stands out due to its distinctive utility and effective features, aiming to bring decentralization to the cloud storage industry. Traditional cloud service providers often face challenges such as high rental fees, mismanagement of data, insufficient security, server responsiveness issues, and concerns regarding data ownership. Siacoin addresses these problems by employing a decentralized framework and a peer-to-peer system, enabling users to interact through File Contracts and set the terms and pricing of contracts and rental arrangements. With aspirations to become a leading decentralized cloud storage network, Siacoin ensures users' data security and establishes data ownership through the possession of private keys.

What gives Siacoin value?

Siacoin gains value through its unique technical capabilities and practical use. As the exclusive currency within its network, SC coins are essential for forming contracts between hosts and renters, underscoring the intrinsic value of Siacoin through utility, adoption, and technological prowess. For the peer-to-peer system to operate effectively, renters are required to compensate hosts in Siacoin, necessitating the purchase of SC coins. Hosts, in turn, can either sell their SC coins for profit or choose to hold onto them, thereby monetizing their services. The inherent value of Siacoin is rooted in its distinctive peer-to-peer structure, complemented by appealing services and advanced technology, enhancing its SEO presence in the digital currency landscape.
Cryptocurrency investments, including buying Siacoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Siacoin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Siacoin purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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