Siacoin is one of the eminent cryptocurrency 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 price prediction for 2021 and beyond. You will get your thoughts cleared at the end of this article and you will know, whether Siacoin is a good investment?
Let us try to find out some basic information regarding Siacoin.
Table of contents
|Market cap||$ 480,698,014.0000|
|Circulating Supply||$ 47,070,225,000.0000|
|Trading Volume||$ 29,435,496.0000|
|All time high||$ 0.0929 January 6, 2018|
|All time low||$ 0.0000 December 28, 2015|
What is Siacoin?
Siacoin is the cryptocurrency that runs on the Sia network, 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. Siacoin was founded by David Vorick and Luke Champine of Nebulous incorporation. Siacoin offers secured storage transactions with smart contracts that are more reliable and affordable.
Siacoin Price Technical Analysis
Sia’s public beta was initially launched in March 2015 with the live network finally launching to the public in June. Since then the Sia team has raised $6.4 million.
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.
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 in the end of June 2017 and further plunged to $0.007 in the beginning of November 2017. Later on the price moved upward and Siacoin reached the price of $0.0296 by the end of 2017.
The token entered the year 2018 with the 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.
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.
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.
Siacoin started the year 2020 with the bearish trend as the price was at a stake of $0.0013 in 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 the 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.
Siacoin Price Prediction 2021
With certain improvements, Siacoin traded at the price $0.005 during January. The price is anticipated to increase if Siacoin focuses on several inbound developments to enhance its cloud storage. It might trade around $0.012 and $0.015 throughout the year. At the end of 2021, Siacoin might be exchanged at $0.05.
Siacoin Price Prediction 2022
Siacoin anticipated a fresh price of $0.058 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 $0.09 mark.
SC 5 years Price Prediction
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
Let us check some views of marketers on Siacoin
According to WalletInvestor Siacoin will perform very badly in the long term investments. The price may drop from $0.00147 to $0,000225.
According to CryptoGround it is profitable to invest in Siacoin for the long term. The price of Siacoin in 2021 will be about $0.0251. As per the present data and forecast, the price of 1 Siacoin will be around $0.0568 by 2025.
According to TradingBeasts, the price of one Siacoin will be trading at $0.0035919 by the end of December 2021. In 2022 the average of Siacoin will probably be trading at $0.0040734.
According to DigitalCoin Siacoin is a profitable investment. The price of one Siacoin can rise up to $0.0034 in one year. In 6 years, the price of one Siacoin is to be estimated at $0.0065.
Our Price Prediction
Siacoin initiated in the year 2021, with a price of $0.005. Its price might rise as Siacoin is one of the secured cryptocurrency by providing 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. Siacoin may trade at $0.07 by the end of 2021 and might reach the $2.5 mark in the future.
No, Siacoin is not an ERC-20 token as it works on its own network Sia.
No, Siacoin cannot be halved, as it only mined.
Yes, It is worth investing in Siacoin if you look to secure your data in the long-term.
Yes, Siacoin might reach newer heights in the mere future.
The new hard fork of Siacoin might be implemented in the month of February.