Sia is a decentralized cloud storage platform similar in concept to Dropbox and other centralized storage provider where instead of renting storage space from a centralized entity, clients rent storage space from other peers. The only difference is Sia uses blockchain to facilitate transactions Nodes provide storage to clients using the Sia blockchain as contracts. Before storing the data, the data is encrypted into many pieces and uploaded to different hosts.
Siacoin is created by David Vorick and Luke Champine of Nebulous Inc. As the traditional storage platforms are higher in cost, more expensive and data is not well protected. Siacoin promises to offer secured storage transactions with smart contracts which is more affordable and reliable. Moreover, it is completely open source which means many individuals have contributed to Siacoin’s software hence there will be an active community building innovative applications on top if the Sia API.
In 2018, Siacoin aims to introduce file sharing and be the go-to cloud storage platform for companies. Their goal is divided into 3 time frames which are short-term, medium-term and long-term development. Short-term development focuses on file sharing between Sia users. This allows Sia users to share files in the platform without having to take it off the cloud while increasing network utilization. Medium-term development’s goal is to enhance partnerships. This means reaching out to large companies like Netflix and Dropbox to hopefully be able to be their storage and distribution framework. Lastly, long-term development aims to expand its horizon to share files with non-Sia users and support mobile wallets.
The current live price of Siacoin (SC) is $0.001090 USD as of the most recent market update. This price is aggregated from major cryptocurrency exchanges and reflects the global market consensus for Siacoin tokens. The cryptocurrency market operates 24/7, meaning SC prices update continuously throughout the day, unlike traditional stock markets that have defined trading hours.
Key Market Metrics for SC:
The market capitalization of $54.22M places Siacoin among significant digital assets in the cryptocurrency ecosystem. The 24-hour trading volume of $13.11M indicates moderate trading activity and market participation. The volume-to-market-cap ratio provides insights into the token's liquidity profile and trading efficiency.
For investors tracking SC, the price data shown on Pricify is sourced from CoinGecko's detailed API, providing reliable and up-to-date market information. The positive price momentum with a gain of 9.26% in the last 24 hours offers a snapshot of recent market dynamics affecting Siacoin.
The all-time high price of Siacoin was $0.0929, reached on January 05, 2018. The current price of $0.001090 represents a 98.8% decline from the all-time high, which is a common metric used by investors to gauge potential upside relative to historical price levels.
Indian investors have several options to purchase Siacoin (SC) through registered cryptocurrency exchanges. The process involves creating an account on a crypto exchange, completing KYC verification, depositing Indian Rupees (INR), and placing a buy order for SC. Below are the most popular and trusted platforms for buying cryptocurrencies in India.
Coinbase is the largest publicly traded cryptocurrency exchange in the world, offering a secure and regulated platform to buy, sell, and store Siacoin and 200+ other cryptocurrencies. With advanced security features, FDIC insurance on USD balances, and an intuitive interface, Coinbase is ideal for both beginners and experienced traders. Indian users can sign up, complete verification, and start trading SC with INR deposits via P2P or USDT pairs. Join Coinbase today to buy Siacoin and earn rewards.
Binance is the world's largest cryptocurrency exchange by trading volume, offering deep liquidity for SC trading pairs including SC/USDT, SC/BUSD, and more. Binance provides advanced trading features including spot trading, futures, margin trading, staking, and earn products. Indian users can access Binance through its global platform and use P2P trading to buy Siacoin with INR. Register on Binance to trade SC with one of the lowest fee structures in the industry.
WazirX is one of India's most popular cryptocurrency exchanges, offering direct INR deposits via UPI, net banking, and bank transfers. The platform is fully compliant with Indian regulations and provides a seamless experience for buying Siacoin with Indian Rupees. With the WazirX auto-buy feature, you can set up recurring purchases of SC to average your entry price over time. Sign up on WazirX to start investing in Siacoin with INR directly.
Steps to Buy SC in India:
Disclaimer: Cryptocurrency investments are subject to high market risk and price volatility. Past performance does not guarantee future returns. Please do your own research and consider consulting a financial advisor before investing in digital assets. The Indian government has imposed a 30% tax on crypto gains and 1% TDS on transactions.
Understanding the price history of Siacoin (SC) is crucial for making informed investment decisions in the cryptocurrency market. Siacoin\'s price journey reflects the broader trends in the Other sector as well as project-specific developments, market sentiment shifts, and the evolving regulatory landscape for digital assets.
The current price of $0.001090 shows a positive trend over the last 24 hours with a change of 9.26%. Looking at broader timeframes, the 7-day change of 15.90% (up) and 30-day change of 70.16% and 1-year change of 57.24% provide context for medium to long-term price trends.
Key Price Levels for SC:
The interactive chart above allows you to analyze Siacoin\'s price action across multiple timeframes — from intraday 1D charts for short-term traders to all-time charts for long-term investors. Use the chart tabs to switch between 1-day, 7-day, 1-month, 3-month, 1-year, and all-time views. The chart includes price data points and trend visualization to help identify support and resistance levels, trendlines, and potential breakout patterns for SC.
Technical analysis of Siacoin should be combined with fundamental factors such as network activity, development updates, partnership announcements, and overall market conditions in the Other sector. The volume data of $13.11M in the last 24 hours provides insight into the level of market participation and liquidity available for SC traders.
Here are other popular cryptocurrencies that investors tracking Siacoin (SC) may also be interested in. These coins represent different categories and market cap ranges within the cryptocurrency ecosystem, providing diversification opportunities for crypto portfolios.
The current live price of Siacoin is $0.001090 USD. The price is updated in real-time from CoinGecko's aggregated market data across multiple cryptocurrency exchanges. In the last 24 hours, SC has traded between $0.000992 and $0.001330, with a 24-hour change of 9.26%.
Indian users can buy Siacoin through popular cryptocurrency exchanges like Coinbase, Binance, or WazirX. The process involves creating an account, completing KYC verification with Aadhaar/PAN, depositing INR through UPI or bank transfer, and placing a buy order for SC on the exchange.
The current market capitalization of Siacoin is approximately $54.22M. Market cap is calculated by multiplying the current price ($0.001090) by the circulating supply (49,751,295,000 SC tokens). This metric ranks Siacoin among other digital assets in the cryptocurrency ecosystem.
Siacoin is classified under the Other category. The Other sector of the cryptocurrency market includes projects that share similar technological characteristics, use cases, and market dynamics. Investors often use category classification to build diversified crypto portfolios and compare project performance within the same sector.
Whether Siacoin (SC) is a good investment depends on your individual risk tolerance, investment goals, and market outlook. The cryptocurrency market, including the Other sector, is known for high volatility. The current price of $0.001090 is 98.8% below its all-time high of $0.0929. We recommend conducting thorough research, diversifying your portfolio, and consulting a financial advisor before investing in cryptocurrencies. Use our interactive chart and market data above to conduct your own analysis of Siacoin.