On April 17, the SC price surpassed the $0.058 per Siacoin prior resistance level. Fundamental analysis should be a part of your analysis when creating your own Siacoin price prediction. Researching what the Siacoin Team is doing in the next few months can help you determine whether or not an investment will be profitable after certain events, roadmap goals or milestones are met. Technical analysis holds more weight against fundamental analysis in determining short term SIA price movements but it’s important to acknowledge upcoming events in the coming weeks and months.

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society. % change over the current price which hovers around $0.0044.

Following the historical data and its current trend, it is evident that the Siacoin price might hit $0.022 by the end of 2027. The price growth may slow down in the second half of 2027, but the coin wouldn’t face any significant correction. 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 will 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.

Experts believe that the https://currency-trading.org/ of SC will shortly reach an average price of $0.025. Furthermore, Siacoin will reach its highest price of $0.034 in December 2023. We do not offer any price predictions, so you’re encouraged to do your own research here.

Most price predictions from other websites, however, don’t see Siacoin reaching this level in the near future. Please be advised that all predictions for SC cryptocurrency prices are extremely speculative and do not represent sound financial advice. Any significant investment demands thorough investigation and advice from knowledgeable professionals. The Sia project, which replaces extra hard drive space with a safe and trustworthy marketplace, has made a significant contribution to the decentralised cloud storage ecosystem.

https://bitcoin-mining.biz/ averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average and exponential moving average . Renters pay hosts in Siacoin to use their hard drive space, and hosts get compensated only after demonstrating that they are storing the file in question. Finally, theSiacoin price prediction for 2030from PricePrediction.netsays the coin will hold firm and race from $0.006 in 2022 to a maximum price of $0.12 by the next decade.

The Siacoin price forecast anticipates the price of Siacoin to exhibit upward price action climbing to the maximum price of $0.045 by December 2030. By the time we reach in 2030, the SC coin will have reached a significant high. However, there are fewer chances that the token will create a new ATH based on the past performance. The maximum price of the token might be somewhere around $0.045 in 2030, with a minimum price of $0.036. The SC price can cross its current all-time high soon if it boosts its developments in terms of cloud storage, as per our price prediction.

• Conversely, a drop below an important moving average is usually a sign of weakness in the SC market.
• But the data-driven Siacoinhas been showing signs of weakness.
• With storage, this could be problematic as helping someone store illicit material is already against the law.
• In the following image we can see that the RSI Indicator which is used by a large majority of Traders is located at the bottom of the chart.
• Whilst CoinLiker is certainly not shy about their optimism for just about every cryptocurrency project that exists, they are less open about where their figures come from.

Siacoin is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it. No, our prediction model sees no possibility for Siacoin to reach $1 in the short or mid-term period. But what sets Sia apart is that it is a decentralized, encrypted, peer to peer cloud storage platform. It is encrypted, multiplied, chopped into little bits, and then all those little bits are sent around to a bunch of different hosts. When you want access to your file (think of it as being in a T-1000 type state), the appropriate bits are recompiled and you get your file.

The providers of storage can set their own prices and advertise their reliability. They can also set standards and compensation should files be compromised whilst under their care. Finally, they can deny their services should the nature of data being stored make them uncomfortable in any way. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Siacoin’s price action in 1-hour chunks. Each candlestick will display SC’s opening price, closing price, as well as the highest and lowest prices that Siacoin reached within the 1-hour period.

Siacoin Price Prediction 2023 – 2030

Many analysts called SC a great long-term investment — for example, WalletInvestor’s Siacoin price prediction for the next five years is positive, with the expected maximum price of $0.02. Being the first big blockchain project to offer a decentralized data storage platform, it has all the chances to grow even bigger than it is now. But do not forget about the golden investment advice — only invest what you can afford to lose. Fundamental analysis of Siacoin is crucial when predicting the price of the SIA token in the long term. Long term trends determined by technical analysis from years of historic price data will assist in predicting the years ahead, but fundamental analysis is key.

At the time of writing, it has fallen dramatically to $0.003. However, when looking at the short-term, SC is beginning to rise, and is up 10% in a recent seven-day period. It was only at the beginning of 2021 that the price started climbing once more. In the first few months of the year, the Sia blockchain successfully completed a hard fork.

However, most of them agree that in the longer run the coin is expected to reach an average of over $12.50 in five years’ time. The SC price could reach a maximum price of $0.010 by 2024 as the coin’s momentum continues to grow over the coming years. As the platform becomes more widely used, the SC price is anticipated to rise. A sizable community supports the coin, and the team continually develops the platform. The Siacoin price forecasts are highly bullish and indicate that the coin may set new records in the years to come.

Essential tools you need to succeed in crypto

When trying to make a Siacoin forecast, many traders also try to monitor the activity of SC “whales”, which are entities and individuals that control large amounts of SC. Since the Siacoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Siacoin’s price movements. Comparing Siacoin against other important technological innovations and trends is one way of predicting where the Siacoin price could head over the long term. According to an article published by Inside Bitcoins, Skynet Labs, the company that created Siacoin, announced plans to shut its doors amid the crypto winter. This move was motivated by the recent failure to secure additional funding. In 2020, the company received $3 million in a round of funding led by the Paradigm crypto investment firm.

We have listed SIA as one of thebest cryptocurrencies to invest in 2022 and beyond. As reported by SC creators, you can buy it on more than 30 exchanges, including Changelly. The very first 100 Sia blocks were mined directly by the project creators. For each subsequent block, the reward is reduced by 1 Siacoin. There is also a minimum possible reward per block — 30,000 SC. Among others, FirstRaptor Group, Raptor Group, INBlockchain, Fenbushi Capital, and First Star Venture were the company’s top investors.

The large majority of popular cryptocurrencies are available to chart and analyze on TradingView. TradingView integrates with popular exchanges like Binance, Huobi, ByBit, Kucoin and many more to offer real-time price data on a wide range of Altcoins such as Siacoin . The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.

Siacoin (SIA) Price Prediction 2022, 2023 + | Future SIA Price

As awareness grows about SiaCoin, this will likely increase too. As with many price prediction articles, she also explains how to buy SiaCoin. All of this takes up a fair bit of the article that is, after all, meant to be about price predictions. In its simplest form, SiaCoin is a decentralized cloud storage service.

Siacoin is a well-known Altcoin and one of the most well-known cryptocurrencies currently available. It is based on the Sia network, which is the basis of its name, Siacoin. David Vorick and Luke Champine of Nebulous Incorporated were the first to present the currency in 2013. The cryptocurrency is anticipated to cross either its horizontal support or resistance level to leave its channel range. If SC successfully breaks over the lower channel barrier, its price will probably rise soon and head toward $0.0365. You will learn all you need to from the Siacoin price forecast.

Siacoin price prediction for March 2023

Before making financial investment decisions, do consult your financial advisor. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. This means that those using technical analysis must spend hours every day looking at charts.

Create your account below to receive exclusive access to a wide range of trading tools such as premium Siacoin price predictions, advanced SC buy/sell signals and much more. With a maximum average price of $0.022 and a minimum average price of $0.020 during the previous 4 months, Siacoin is down by -79.38%. The price fluctuated between a minimum average price of $0.016 and a maximum average price of $0.017 over the past 90 days, a shift of about -77.96%. Our Siacoin SC price forecast for 2027, the price of Siacoin will at least reach $0.03.

⭐Is Siacoin a good investment in 2023?

Our https://cryptominer.services/ price prediction for 2026, we expect further price growth for the digital coin attaining a maximum price of $0.02. Throughout the year, SC is assumed to maintain an average price of $0.018 and a minimum price of $0.017. Our Siacoin price prediction for 2024, Siacoin is expected to attain a maximum price value of $0.01 by the end of the year. The SC network coin forecast suggests the average price to be $0.008, while the minimum forecast price is $0.008.

Siacoin Mining: How to Mine Siacoin (SC)?

Others try to pick a less well-known token that brings something unique to the table. Siacoin again declined to $0.001 by mid-March as the crash of crypto market due to the Covid-19 outbreak. 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. Is a US-based licensed platform that provides crypto exchange services for US residents.