Siacoin Price for today is $0.01264607498198. Its current circulating supply is SC 48,378,412,992 with a market cap of $611,797,038.
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Currently, Siacoin (SC) is trading at $0.0126 with SC price 1.15988777% down today. The market cap of Siacoin is USD 611,797,038 with 48,378,412,992 sc circulating currently. The 24-hour price movement chart indicates that $58,222,699 worth of SC were trading. The price peaked to $0.0130 in the last 24 hours while the lowest price was $0.0117.
The SC price Chart trend has shown a steady decline since January 2018 from 0.0971 US Dollars to the current SC value till June 2018. There is a possible increase in the Sia coins price, which is predicted to increase to $0.0249 by the end of this year, which is an expected increase of a healthy 96.899038%. This means that in the year 2023, the Siacoin price is forecasted to stand at $0.0557 . You can keep track of Siacoin’s progress by adding it to your wallet portfolio.
The SC price prediction shows a rise since Siacoin is one of the most popular platforms for cloud storage of data in a decentralised blockchain network. SC as a cloud-based- Decentralized Storage System is dramatically cheaper than its well-known counterparts like Amazon S3, Google Drive or even DropBox, priced at around USD 2 (converted from the SC price) per 1 TB of cloud storage! Siacoin only accepts SC as the mode of payment, making it a global option for payments for cheap, secure and reliable storage for sensitive data in a decentralised manner.
CoinSwitch allows the checking of SC price chart for trading including buying, selling and exchange of this exciting cryptocurrency that can be used on this valuable platform through a secure process in an efficient and safe manner.
Read more: Siacoin price prediction for 2018 and next 5 years
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In this information era, data is the biggest asset that anyone can possess. Storing all your sensitive data in one single place is like holding all your wealth in a vault inside your home, rather than in bank accounts! It is obvious that the wealth is susceptible to attract burglars and thieves. Similarly, your sensitive data stored on a single device is susceptible to phishing attacks from data hackers.
Siacoin SC provides an efficient solution for safeguarding your precious data by providing a decentralized network for storing your data on the cloud, which is accessible only to you and stored in various devices in an encrypted form. CoinSwitch is a crypto exchange which facilitates the buying and selling of 300 different kinds of cryptocurrencies and alt-coins, including Siacoin. CoinSwitch facilitates you to buy SC, sell SC, trade SC and exchange SC in the simplest and most seamless manner, by comparing different cryptocurrencies with Siacoin.
CoinSwitch supports SC exchange from the sender to the receiver with extreme simplicity by providing a user-friendly UI which allows directly depositing the amount into the benefactor’s SC wallet with the help of a unique key, which would never be requested to be revealed by any employee of CoinSwitch.
SC cryptocurrency was introduced to facilitate payments for cloud storage on the Siacoin platform, developed in 2013 by David Vorick and Luke Champine in New York. Siacoin uses proof-of-work consensus model for its blockchain.
Siacoin’s parent company, Nebulous Inc. has a current market capitalisation of around USD 957 Million. They raised a round of funding in a seed round of USD 750,000 by September 2014 by Procyon Ventures, Raptor Group, Fenbushi Capital and Angel investor Xiaolai Li. They further got another funding of USD 500,000 from SiaFunds sale, which is another cryptocurrency introduced by the same company. They also received a USD 400,000 grant from INBlockChain in July 2017.
If you are new to crypto trading, it's always advisable to learn about, what is Siacoin, it's benefits and indicative return on investment.