Siacoin Price Prediction(SC) 2022 -2025
- 1 Siacoin Price Prediction :
- 1.0.1 Who Are the Founders of Siacoin?
- 1.0.2 Siacoin Price Prediction 2022
- 1.0.3 Siacoin Price Prediction 2023
- 1.0.4 Siacoin Price Prediction 2024
- 1.0.5 Siacoin Price Prediction 2025
Siacoin Price Prediction :
Siacoin Price Prediction(SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space.
Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the “backbone storage layer of the internet.”
Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.
|Price Change 24H||-6.69%|
|Price Change 7D||24.46%|
|Circulating Supply||50,245,215,000 SC|
Siacoin forecast for the upcoming days
|Date||Price||Min Price||Max Price|
Who Are the Founders of Siacoin?
Sia was first conceived in mid-2013 by David Vorick while studying computer science at Rensselaer Polytechnic Institute.
He discussed the idea over email with Luke Champine, a college friend, who joined the project’s development shortly after Vorick presented the concept at a HackMIT hackathon in September 2013.
The project was officially named Sia in early 2014, a reference to the Egyptian god of perception.
Vorick and Champine were introduced through their college’s entrepreneurial center to Jim Pallotta, a billionaire investor and founder of Raptor Group, who invested in the project.
Shortly before graduating from college, the two incorporated the company Nebulous Inc. — which has since been rebranded to Skynet — to formally handle the development of Sia.
What Makes Siacoin Unique?
According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google and Microsoft.
Because of its decentralized nature, Sia is able to offer competitive 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 agreements between uploaders and hosts are recorded on Sia’s blockchain and enforced using smart contracts.
Siacoin acts as the method of payment on the network, with renters paying hosts using SC, and hosts locking SC in smart contracts as collateral.
Skynet, the company behind Sia and Siacoin, has announced several 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 received several rounds of funding and grants, including from 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.
Where Can You Buy Siacoin (SC)?
Siacoin can be purchased on cryptocurrency exchanges such as Binance, OKEx, Huobi Global and Upbit, among others.
It can be traded on spot markets against fiat currencies such as the U.S. dollar and the South Korean won, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), and the stablecoin Tether (USDT).
Sia Coin Expert Opinion :
Currently, SC trades around $0.0092, and SC crypto price prediction predicts that the SC tokens have a bright future in the crypto and blockchain industry.
It will cross $0.01245 by the end of 2022, and around the first half of 2022, the Siacoin price might hit its crucial resistance level of $0.012.
Digital Coin Price
Siacoin has been showing a rising tendency over the past year, and the trend has continued since early January.
As per the latest news updates of the cryptocurrency market and Siacoin forecast, the token price may cross $0.02015 by the end of 2022. Retailers should invest in Siacoin as a part of their long-term investments.
Based on our Siacoin price forecast, a long-term increase is expected, the price prediction for 2027 is $0.0681. With a 5-year investment, the revenue is expected to be around +640.22%.
The Siacoin price is forecasted to reach $0.0134080 by the beginning of December 2022. The expected maximum price is $0.0167599; the minimum price is $0.0113968. The Siacoin price prediction 2022 is $0.0134080.
Siacoin Price Prediction 2022
After hitting a high of $0.029 in last December, Siacoin faced sharp plunge and then continued to trade under bearish hold. There are price predictions that Siacoin will mark a considerable price recovery in 2022.
Following the historical data and its current trend, it is evident that the Siacoin price might hit $0.0129 by the end of 2022. The price growth may slow down in the second half of 2022, but the coin wouldn’t face any significant correction.
Siacoin Price Prediction 2023
Going by shorter and longer price trends, the first half of 2023 may not be so great for Siacoin. Still, it is predicted that Sia live network would gain a strong user base in the crypto market during this time, and it may focus on its security developments.
And these factors will help the crypto to regain its lost momentum. Users should hold or invest in Siacoin as it might cross the $0.016 mark by the end of 2023.
Siacoin Price Prediction 2024
In 2024, Siacoin will reflect significant performance by hitting an average price of $0.019. The price trend would be bullish for the Siacoin in 2024. Siacoin has full potential to sustain and consistently grow even in massive volatility.
Siacoin Price Prediction 2025
Over the next five years, the entire crypto space might record a bullish cycle due to the next Bitcoin halving. And hence, Siacoin might not face a bearish trend at all.
Moreover, Sia Network might achieve enhanced protection and the latest developments. Hence, there is a strong possibility that the SC price might cross $0.022. Traders can earn hefty profits if they sell Siacoin in the long term.
Is Siacoin a good investment?
The short-term Siacoin (SC) price prediction forecast the coin to trade around an average price of $0.014 by 2023 and will rise 122% the current price by the beginning of 2024; hence the token is undoubtedly a profitable investment choice in the future.
Where can I buy Siacoin?
Right now, you can buy Sia at the industry’s largest cryptocurrency exchanges, including Binance, Huobi Global, UpBit, and OKEx. Once you have your trading account set up at one of the exchanges that trade Sia, you will need to transfer your digital assets to that specific exchange. This is done via a wallet system.
Can Siacoin Reach $1 by 2025?
Siacoin has a bright future. Riding the crypto wave, it is going to rule the crypto space one day. If the upside price trend continues, the coin will indeed cross the $1 mark soon.
How High Will Siacoin Go in 2022?
Based on our Siacoin (SC) price forecast, the coin will reach a maximum trade price of $0.012 by mid-year of 2022 and $0.014 by the end of the year.
Disclaimer : All price prediction/forecast provided on our website is only for general information. No part of the website content that we provide should considered as financial advice, legal advice or any other form of advice meant for your investment. You should conduct your own research and do proper analysis before investing in any cryptocurrency. Trading is a highly risky business, please consult with your financial advisor before making any decision.