Siacoin
Last modified on 11. October 2020
Quick Facts
The user known as Taek introduced Siacoin on 14 May 2015 via bitcointalk.org. The logging of real-time trading data by coinmarketcap.com then started in September 2015.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, Siacoin had an average trading volume of nearly US$ 1.7 m per day for the first trimester of 2019. This figure came to just under US$ 48 m during the same period in the previous year. The trading volume dropped by 96.5 percent accordingly.
The average market capitalization during the first trimester of 2019 was nearly US$ 99 m. In the same period of 2018, this figure came to over US$ 963 m. The corresponding drop down in market capitalization equated to 89.7 percent.
Trading Price
The all-time high of Siacoin in 2018
The price of the Siacoin currency reached a peak in January 2018 at over US$ 0.11. The equivalent market capitalization of the coin reached nearly three billion US dollars. This put Siacoin around certain other digital currencies, such as Lisk, Bytecoin, ICON, Verge and Zcash, among others.
Siacoins all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 294 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 890 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.
- Siacoin (SC): 3 bn US dollars
- Bitcoin (BTC): 294 bn US dollars
- Apple (AAPL): 890 bn US dollars
- VW (VWAGY): 108 bn US dollars
- Date: 6 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of Siacoin stood at US$ 0.002452 with a market capitalization of just under US$ 96 million. This is a retracement down to approximately 2.2 percent compared with the highest trading price stated above.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The Siacoin is a native coin and is generated via mining. It has no maximum number of coins, unlike Bitcoin, for example. If you are interested in the source code, be sure to also visit the GitHub page.
Current Siacoin transactions can be tracked using this block explorer, which also shows block height and other recently updated metrics.
To delve deeper into the world of Siacoin, download the white paper or find more links to community forums, source code and social media channels, visit sia.tech.
Markets
EUR
A large market for buying or selling Siacoin in EUR is Kraken.
USD
Two large markets for buying or selling Siacoin in USD are Kraken and Binance. Additional trading platforms for buying or selling Siacoin in USD are OKEx, Bittrex and BigONE, among others.
BTC
A large market for buying or selling Siacoin in BTC is Binance. Additional trading platforms for buying or selling Siacoin in BTC are VCC Exchange, HitBTC and Bittrex, among others.
Social Links
Visit the following social media channels to speak directly to the Siacoin team:
1. This figure changes to 0.0878 percent when taking Bitcoin out of the equation.