The post Siacoin Price Prediction: Will SC Price Hit $1 in 2022? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Crypto space has garnered massive crowd attention this year. A series of new ATH milestones from many altcoins and a slight drop in the BTC’s monopoly tells the story of 2021. One such altcoin that amazed the space in the first half of the year was Siacoin

Siacoin is one of the eminent cryptocurrencies existing in the crypto space. It is a decentralized cloud storage platform secured by blockchain technology. Sia network stimulates underutilized hard drive capacity around the world.

This article implies providing you the in-depth information about, Siacoin news, Fundamentals, Siacoin price prediction for 2022 and beyond. You will get your thoughts cleared at the end of this article and you will know, is siacoin a good investment?

Table of contents

  • Overview
  • What is SiaCoin (SC)?

    • Fundamental Analysis:
  • Siacoin Price Prediction 2021
  • SC Price Prediction 2022

    • Siacoin Prediction For 2025
  • Siacoin Market Prediction

    • Our SC Price Prediction
    • Siacoin SC Historical Price Sentiments

      • 2015-16
      • 2017
      • 2018
      • 2019
      • 2020
    • FAQ

Overview

Cryptocurrency Siacoin 
Token SC
Price $ 0.0000
Market cap $ 0.0000
Circulating Supply $ 0.0000
Trading Volume  $ 0.0000
All time high $ 0.0000     January 1, 1970
All time low $ 0.0000     January 1, 1970

What is SiaCoin (SC)?

Sia network is a decentralized cloud storage system that lets anybody rent out spare hard drive space or employ other people’s spare hard drive space to store files. Sia came into existence first in the mid of 2013 by David Vorick and Luke Champine of Nebulous incorporation. SC offers secured storage transactions with smart contracts that are more reliable and affordable.

The platform aims to address the current storage solutions, projects Amazon, Google, Microsoft, etc as its competition. The platform has received several rounds of funding and grants from Bain Capital Ventures, Paradigm, INBlockchain, etc. 

Fundamental Analysis:

The network sees itself as being in direct competition with reputed cloud storage providers such as Google, Amazon, and Microsoft. As Sia exhibits decentralized nature, it is able to provide reasonable storage rates.

Files stored on the Sia network are divided into 30 encrypted segments, with each segment uploaded to a unique host for redundancy. The contracts between uploaders and hosts are stored on Sia’s blockchain and enforced using smart contracts. Siacoin acts as the mode of payment on the blockchain, with renters paying hosts using SC, and hosts locking SC in smart contracts as collateral.

Skynet, the company behind Sia and Siacoin, has announced a number of products built on top of the Sia network, including SiaStream — a cloud-based media streaming application — and the Skynet network — its flagship content delivery and file-sharing network.

The company has raised funding and grants, from reputed organizations such as Bain Capital Ventures, Paradigm, and INBlockchain. In addition, each storage-related transaction on the Sia network is subject to a 3.9% fee, which is distributed to holders of the company’s second cryptocurrency, Siafund — with Skynet holding approximately 85% of all Siafund.

Siacoin Price Prediction 2021

With certain improvements, Siacoin traded at the price of $0.005 during January. The Siacoin price has lately caught the pace of the alt season in early 2021. In March, the asset has managed to generate a two-year high at $0.06292. However, bulls failed to carry the price action for the long term. Further, the asset has plummeted to support of $0.01065 owing to the May market crash. 

Siacoin Price Q4: SC price has failed to rise up to the expectations. However, with certain fluctuations, the token has risen up to $0.025 on November 29th. While it was slowly regaining its bullish momentum, the recent market crash plummeted the price to $0.016. As proponents and analysts across the market are hopeful of an immense alt season in the next couple of weeks, the Siacoin would soar up to a maximum of $0.045 by the year’s end. On the other hand, the average and minimum possibilities are $0.025 and $0.0107.

SC Price Prediction 2022

 Siacoin anticipated a fresh price of $0.045 during the start of 2022. The price might likely rise if the market focuses to invest in decentralized cloud storage platforms. By the end of 2022, Siacoin might reach the maximum of  $0.1 mark. With average buy and sell orders, the asset would end up trading at $0.075. On the contrary, the SC price would plummet to bottom support of $0.042.

Siacoin Prediction For 2025

In 5 years Siacoin might provide a more seamless and user-friendly platform and it would concentrate on enhancement of its security. Sia might release its newer versions for the betterment of users. It might concentrate on building the user base and the price may rise. By the end of 5 years, Siacoin might hit the $1.5 mark.

Siacoin Market Prediction

WalletInvestor:

According to WalletInvestor Siacoin will have a decent performance in long-term investments.

Walletinvestor predicted a maximum price that SC would hit being $0.0490 and minimum being $0.0296. The website hopes SC will trade at an average price of $0.0396 by the end of 2022. The asset would clinch a maximum of $0.1061, and at minimum, it would plummet to $0.0575. On the average note, the price would end up trading at $0.0816 by 2025. 

CryptoGround:

According to CryptoGround, it is profitable to invest in Siacoin for the long term. The price of Siacoin in 2021 will be about $0.0237. As per the present data and forecast, the price of Siacoin will be around $0.0667 by 2025.

TradingBeasts:

Trading beasts predicted a maximum price that SC would hit being $0.02809 and the minimum being $0.01910 by the end of 2022. The website hopes SC will trade at an average price of $0.02544 by the year’s end. By2024 the maximum of Siacoin will probably be trading at $0.03712.

DigitalCoin:

According to DigitalCoin, Siacoin is a profitable investment. The price of one Siacoin can rise up to $0.0242 by 2021. And by 2025,  the price of one Siacoin is to be estimated at $0.0504.

Our SC Price Prediction

Siacoin initiated the year 2021, with a price of $0.005. Its price might rise as Siacoin is one of the secured cryptocurrencies by provides decentralized cloud storage to its users. It may concentrate on providing the solutions at both peer-to-peer and enterprise levels. Its price might likely fall if it fails to attain the eyes of the market. SC Price may trade at $0.07 by the end of 2021 and might reach the $2.5 mark in the future.

Year. Potential High. Potential Low.
2021 0.0504 0.01861
2022 0.1235 0.0825
2023 0.5874 0.1992

Siacoin SC Historical Price Sentiments

Sia’s public beta was initially launched in March 2015 with the live network finally being launched to the public in June. Since then the Sia team has raised $6.4 million. 

2015-16

Siacoin entered the crypto market at the end of August 2015 with its price trading at $0.000042 according to Coinmarketcap. The price managed to remain stable throughout the year with certain variations and continued to be in the same trend for two years. 

2017

From the end of April 2017, the price had a minor change as Siacoin was trading at $0.0009. Steadily the price started increasing. The price dramatically rose to $0.0188 at the end of June 2017 and further plunged to $0.007 at the beginning of November 2017.  Later on, the price moved upward and Siacoin reached the price of $0.0296 by the end of 2017.

2018

The token entered the year 2018 with a price of $0.0303. Further, the price rose to $0.094 by early January. Siacoin hit $0.1117 to record its new All-Time-High. Later, the price started to vary. Siacoin managed to be in the range of $0.0237 in the month of February.

SC price again sank to $0.0097 in mid-March. Later, the price started to recover as it reached $0.0283 by early May, as Siacoin got listed in the crypto exchange platform Binance. Further, the price continued to plunge. At the end of 2018, Siacoin was trading at $0.0027.

2019

The altcoin started to trade at the price of $0.0027 during 2019. The price remained stable with minor variations throughout the year. At the end of 2019, Siacoin was trading at $0.0013.

2020

Siacoin started the year 2020 with a bearish trend as the price was at a stake of $0.0013 at the start of January. Later, the price reached $0.002 by the end of February. Siacoin again declined to $0.001 by mid-March as the crash of crypto market due to the Covid-19 outbreak.

Later Siacoin attained its resistance level by reaching $0.004 by early September. Further, the price started to fall. Siacoin traded between $0.002 and $0.003 until the end of November. By the end of 2020, Siacoin traded at $0.003.

FAQ

Is Siacoin an ERC-20 token?

No, Siacoin is not an ERC-20 token as it works on its own network, Sia.

Is it worth investing in Siacoin?

Yes, It is worth investing in Siacoin if you look to secure your data in the long term.

When will the new hard fork of Siacoin be implemented?

The new hard fork of Siacoin might be implemented in the month of February.

How High Will Siacoin Go in 2022?

Siacoin price might reach the maximum of  $0.1 mark. On the contrary, the SC price would plummet to bottom support of $0.042.

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