Siacoin
Market Open
15 Jun, 08:21
$
0. 000727
-0.000005
-0.6831%
$
4.46M Volume
$ 0.000732
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SCUSD Overview
SCUSD denotes the price of one Siacoin (SC) expressed in US dollars (USD). It indicates how much fiat currency is required to buy or sell SC and serves as the primary fiat-quoted reference for trading and valuation of the token.
Siacoin is a blockchain-based cryptocurrency that underpins the Sia decentralized cloud storage platform. Development began in 2014 and the network launched in 2015, originally developed by David Vorick and Luke Champine. SC acts as a utility token used to pay for storage contracts and related services on the network; issuance is driven by block rewards and follows an inflationary issuance schedule rather than a fixed capped supply.
The SCUSD rate is formed by the interaction of buy and sell orders across cryptocurrency exchanges and liquidity venues, reflecting supply and demand dynamics and market sentiment. On-chain adoption of Sia’s storage services, macroeconomic factors such as USD strength, regulatory news, and broader movements in major cryptocurrencies all exert influence on the pair’s price.
SCUSD is important for traders and investors as a clear measure of exposure to Siacoin in fiat terms, facilitating price discovery, speculation, hedging, and portfolio allocation. Market participants also use the pair for arbitrage and liquidity provision.
As with many altcoins, SCUSD can exhibit significant volatility and liquidity varies by venue; traders should consider spreads and order-book depth when executing larger transactions.
Siacoin is a blockchain-based cryptocurrency that underpins the Sia decentralized cloud storage platform. Development began in 2014 and the network launched in 2015, originally developed by David Vorick and Luke Champine. SC acts as a utility token used to pay for storage contracts and related services on the network; issuance is driven by block rewards and follows an inflationary issuance schedule rather than a fixed capped supply.
The SCUSD rate is formed by the interaction of buy and sell orders across cryptocurrency exchanges and liquidity venues, reflecting supply and demand dynamics and market sentiment. On-chain adoption of Sia’s storage services, macroeconomic factors such as USD strength, regulatory news, and broader movements in major cryptocurrencies all exert influence on the pair’s price.
SCUSD is important for traders and investors as a clear measure of exposure to Siacoin in fiat terms, facilitating price discovery, speculation, hedging, and portfolio allocation. Market participants also use the pair for arbitrage and liquidity provision.
As with many altcoins, SCUSD can exhibit significant volatility and liquidity varies by venue; traders should consider spreads and order-book depth when executing larger transactions.
SCUSD Chart
SCUSD FAQ
What is the current Siacoin price?
The current price is $0.000727, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.000005 (-0.6831%), showing how much the asset has moved compared to the previous close.
What is the previous close for Siacoin?
The previous close was $0.000732, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-0.6831%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.000722) and highest ($0.000735) prices traded during the selected period, helping assess volatility.
Why is Siacoin (SC) moving today?
Price movements in Siacoin are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.000727) is below the previous close ($0.000732), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Siacoin?
You can view real-time charts, price updates, and market data for Siacoin (SC) directly on this page.
