Siacoin Price Prediction 2022, 2023, 2024, 2025: Will SC Price Hit $1 in 2024?
The Crypto sphere has garnered massive crowd attention over the years. With a number of digital assets, that have brought in virtues to the portfolios of investors. One such altcoin that had amazed the space in the recent past was Siacoin (SC). Which had stunned not one but many with its price projections.
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 capacities around the world.
Table of contents
Are you one of the many, who are keen on investing in Siacoin, but doubtful of its returns? Look no further, as we decode the plausible price predictions of SC for 2022 and the years to come.
Overview
Cryptocurrency | Siacoin |
Token | SC |
Price | $ 0.0045 |
Market cap | $ 0.0000 |
Circulating Supply | 0.0000 |
Trading Volume | $ 0.0000 |
All time high | $ 0.0000 Jan 1, 1970 |
All time low | $ 0.0000 Jan 1, 1970 |
Siacoin (SC) Price Prediction
Year | Potential Low | Average Price | Potential High |
2022 | $0.00309 | $0.00366 | $0.00423 |
2023 | $0.00379 | $0.00560 | $0.00740 |
2024 | $0.00645 | $0.00934 | $0.01235 |
2025 | $0.01074 | $0.01533 | $0.02037 |
Siacoin Price Prediction For Q4
If the network focuses on developments and building the community, the user base might see a stimulating growth. In such a case, the price of the crypto asset might escalate to its maximum of $0.00423. In contrast, the price of Siacoin might plunge as low as $0.00309. Concluding, considering the bullish and bearish targets the average price might settle at $0.00366.
SC Price Prediction For 2023
The crypto asset might focus on resolving shortcomings and strive towards decentralized storage of files. This might help boost traffic and volumes to the network. Which might stimulate the projection of price to its potential high of $0.00740. However, factors like financial crisis or regulatory clampdown might bring the price down to $0.00379. Successively, constrained by a narrow bandwidth the average price could be at $0.00560.
Siacoin Price Prediction For 2024
If makers of the Siacoin announce notable adoptions and collaborations, the price might climb up to a maximum of $0.01235. On the other hand, if the bears out-run the bulls, the price of Siacoin might tumble down to a minimum of $0.00645 by the end of 2024. That being said, the lack of impetus might land the regular price at $0.00934.
Siacoin (SC) Price Prediction For 2025
By the end of 2025, Siacoin might provide a more seamless and user-friendly platform. And it would concentrate on enhancing its security. Sia might release its newer versions for the betterment of users. It would also concentrate on building the user base. Wherefore, the price might hit a maximum of $0.02037. On the downside, the price might fall to $0.01074. Successively, Siacoin could find the middle ground at $0.01533.
CoinPediaβs Siacoin Price Prediction
Siacoin is thriving to enable secure, trustless marketplace for cloud storage in which traders can give access to thier unutilized storage space. The altcoin appears to be superior for the future perspectives. As there are high chances of price bouncing from the key bottom support in the short term.
As per Coinpediaβs formulated Siacoin price prediction. The price of the digital asset might soar as high as $0.004 by the end of 2022. On the down side, factors like negative criticism and liquidations might bring the price down to $0.003.
Market Analysis
Firm Name | 2022 | 2023 | 2024 | 2025 |
Wallet Investor | $0.009065 | $0.00240 | $0.000168 | $0.000140 |
Trading Beasts | $0.004 | $0.005 | $0.007 | $0.011 |
Digital Coin Price | $0.00339 | $0.00534 | $0.00690 | $0.00845 |
Click here to read our price prediction of UMA!
What Is Siacoin?
Siacoin is a cryptocurrency that runs on the Sia network, a decentralized cloud storage system. That lets anybody rent out spare hard drive space or employ other peopleβs spare hard drive space to store files. The Sia network is more secure and cost-efficient. Users are allowed to utilize unused space on their hard drives. They will be able to rent it in Sia and earn rewards from it, in the form of Siacoins.
Siacoin was founded by David Vorick and Luke Champine of Nebulous incorporation. Siacoin offers secured storage transactions with smart contracts which are more reliable and affordable.
As per the SCβs whitepaper, the aim of sia is to counter the challenges in existing storage solutions.
SC utilizes a dual token system- Siacoin and Siafunds. The main utility token of the network is Siacoin. There is no limit set for Siacoin mining. The reward for the first block mined was 300k sia tokens, which will reduce to 30k Siacoins per block over time.
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 Siaβs 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 β a cloud-based media streaming application β and the Skynet network β 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 blockchain. In addition, each storage-related transaction on the Sia network is subject to a 3.9% fee. Which is distributed to holders of the companyβs second cryptocurrency, Siafund β with Skynet holding approximately 85% of all Siafund.
Historical Price Sentiments
2015
- Siacoin entered the crypto market at the end of August 2015 with its price trading at $0.000042.
- 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.
- 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
- Siacoin entered the year 2018 with a price of $0.0303. Dramatically, 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. Siacoinβs 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
- Siacoin started to trade at the price of $0.0027 during 2019. The price remained stable with certain 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.
2021
- With certain improvements, Siacoin traded at the price of $0.005 during January.
- In March, the asset 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.
- SC price has failed to rise up to the expectations. However, with certain fluctuations, the token rose up to $0.025 on November 29th.
- While it was slowly regaining its bullish momentum, the market crash plummeted the price to $0.016.
Comparison
Siacoin | UMA |
ROI: 6925.93% | ROI: 52.61%. |
SC Price Is Down -78.36% Since January 1st. | UMA Price Is Down 75.99% Since January 1st. |
YTD Returns: -83%. | YTD Returns: -78.7%. |
SC Price Is Down -97.12% From ATH. | UMA Price Is Down -94.99% From ATH. |
To read our price prediction of Waves click here!
FAQs
No, Siacoin is not an ERC-20 token as it works on its own network, Sia.
Yes, It is worth investing in Siacoin if you look to secure your funds for the long term.
Siacoin is available for trade across exchanges such as Binance, Kraken, Huobi, and Upbit, amongst others.Β
The price of Siacoin might surge as high as $0.00423 by the end of 2022.
The price of the altcoin might soar to a maximum of $0.02037 by the end of 2025.Β