The rise of the crypto sphere has attracted the attention of many investors. There have been many innovations in the space, but one of the most notable is the emergence of Siacoin. This altcoin had surprised many with its price projections.
The Sia team was able to raise over a million dollars in funding through various sources. Some of these include major investors such as Capital, Fenbushi, and Procyon Ventures.
SC’s market cap is around $170,939,960, and it has a 24h volume of $4,659,801. According to CoinMarketCap, its price was $0.002573. Last week, Siacoin’s price was at $0.002567. It has gained more than 10% in the past week, and currently trades at $0.002568. In the past 24 hours, the altcoin has lost 0.6%. Despite this, the long-term outlook for SC is still positive, as it could reach $0.005267 by 2023.
Siacoin (SC) Overview
I will add here a chart of the crypto coin with basic info’s:
Siacoin Price Prediction 2022
Siacoin’s ecosystem has been full of surprises. The altcoin started its journey on December 28, 2015, and it has gained over 20800.24% in value during the past six years.
In 2022, the crypto market has not been kind to Siacoin. On January 1, SC was trading at $0.01, and it has been falling continuously throughout the year. It hit a yearly low of $0.008 in February, 2022.
Despite the recent recovery, the bears are still holding sway over Siacoin. According to some analysts, the price of the altcoin could go up by around 30% in 2022. They expect the bulls to take over and push the price to a maximum of $0.015 and an average of $0.012.
Siacoin Price Prediction 2023
According to Cryptonewsz.com, the first six months of 2023 for Siacoin might not be promising. However, it is expected that the cryptocurrency will gain more users during this period as it focuses on security upgrades. In addition, investors should consider holding the cryptocurrency as it may reach $0.016 by then.
According to Coin Journal, SC might be worth $0.048 in 2023. Its prediction is based on their research.
In fact, most analysts predict modest gains for SC in 2023, forecasing that the price will reach $0.015 and slowly make positive gains throughout the year. A maximum price of $0.017 and an average of $0.014 in December are projected.
Siacoin Price Prediction 2024
For 2024, there are various prediction models for the price of Siacoin. These models predict the cryptocurrency’s price at $0.006512, with a high of $0.007652 and a low of $0.004928. The average prediction for the cryptocurrency’s price in 2024 is a 101.59% increase from its previous price.
If the creators of Siacoin announce significant collaborations and adoptions, then the price of the asset might increase to a maximum of $0.01235, or it might go down to a low of $0.00645 by 2024. The lack of impetus could cause the regular price to fall to $0.00934.
Siacoin Price Prediction 2025
By 2025, Siacoin might be able to provide a more user-friendly platform. It might also improve its security by releasing newer versions. The platform might additionally be focused on building a stronger user base. On the upside, the price of the asset might reach a maximum of $0.02037, while on the downside, it might go down to $0.01074.
The minimum value of Sia in 2025 is predicted to be $0.009. The Siacoin price could reach a maximum value of $0.010 with the average trading price of $0.009 throughout the year.
Long Term Forecast 2030
Cryptonewsz.com claims that the first six months of 2023 for Siacoin might not be promising. However, it’s expected that the cryptocurrency will gain more users during this period as it focuses on security upgrades. Moreover, investors should consider holding the token as it may reach $0.016 by then.
SC is predicted to be worth $0.048 by 2023 according to a report by Coin Journal. The website also noted that it could be a promising asset. Technical analysis and the forecast price indicate that in 2030, the SC price is expected to reach $0.056. It also noted that by the end of the year, the minimum price of Siacoin will be $0.055. The maximum price that the token can achieve is $0.063.
Siacoin Price Analysis
The latest data on the price of Siacoin shows that it is currently trading at $0.003. It is additionally ranked as one of the top 46 cryptocurrencies in the crypto ecosystem. The supply of Siacoin is currently 52,554,832,981. Its market cap is approximately $134,208,697.
The value of Siacoin has decreased by almost 0.75% in the past 24 hours. If you compare its current market cap with that of yesterday, then you can see that it is also down.
The price of Siacoin has risen by 9.97% during the last seven days. This indicates that the cryptocurrency is on the verge of a significant rise. It is a good time to start investing in this asset.
SC’s price decreased by almost -19.325% in the last month. This sudden decline has eliminated an average of $0.00061628 from the cryptocurrency’s current value. This means that it is currently in a dip, which makes it an ideal buy right now.
The price of Siacoin has decreased by -36.63% during the last 90 days. It has also changed from a minimum of $0.004 to a maximum of $0.004.
Siacoin’s price has decreased by -53.70% during the last month. It has also changed from a minimum of $0.004 to a maximum of $0.004. During the past four months, the average price of the cryptocurrency has been around $0.004.
Siacoin Prediction Conclusion
The price movement of Siacoin is influenced by the supply and demand of the asset. Various factors can affect its price, such as the emergence of new protocols, block reward halvings, and hard forks. In addition, regulations by governments and companies, as well as hacks on exchanges, can also affect its value.
Many traders try to monitor the activities of so-called SC whales, who are individuals and entities that have significant amounts of SC. Since the market capitalization of Siacoin is relatively small, these individuals and entities can have a significant impact on the cryptocurrency’s price if they decide to open buy or sell positions.
- What is SiaCoin?
Siacoin is a cryptocurrency based on the Sia network, which is a decentralized cloud storage system.
- How can you buy Sia?
- What is Sia used for?
Siacoin is the Sia network’s currency. Hosts can rent out their hard drive space and get compensated in Siacoin but they only get paid after demonstrating that they are storing the file in question.
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