Siacoin (SC) Price Predictions 2020-2025

Siacoin (SC) Price Predictions

Sia is a decentralized data storage network and platform. A huge number of users use this service, allowing them to free up space on the hard drives of their personal computers. The stored data builds up the whole Sia network.

Thanks to decentralization, transaction time is very short, and the system itself is safe and reliable. Any user can rent out space for data to be stored in and receive a reward for it. The platform is very useful in terms of data storage. Is it popular in the modern world? Let’s find out the future of Siacoin (SIA) and it’s price prediction for 2020, 2021, 2022, 2023, 2024, 2025 with Changelly!

Siacoin (SC) Fundamental Value

The development of the Sia system and the cryptocurrency has been going on for quite a while. The project received recognition in 2015, and that’s when the story of Siacoin began. Unusual technology and concept have generated interest in both users and investors. The creator of Siacoin is David Warwick.

Both the developer’s idea and the project itself are shrouded in mystery. Thus, information on the development and establishment of the project is quite limited.

The Sia service has a contract for the storage of the downloaded file. The contract includes a fee, as well as a penalty for non-compliance with the contract, which will be written off if the file is deleted in the Siacoin cryptocurrency. At the end of the required period, the host must prove the existence of the file, and if the outcome is positive, they receive a reward.

The system has support for payment channels and bilateral contracts. This fact is crucial in ensuring the elimination of unreliable money transfers without confirmation of compliance with the contract. Also, all money transfers are instant and non-refundable, which reduces the risk of fraud, not only for those that rent the space, but also for the people that rent it out.

The reliability of the storage system is also achieved by dividing the file into a big number of fragments. Some of them cannot be used to recreate the original file at all, which excludes the possibility of it being read by a third party. Three times more resources are used than necessary, which may be impractical.

The main priority is security so the waste of resources is justified in this case. Not only files are encrypted, but also even their fragments, allowing the service to ensure the anonymity and confidentiality of data.

Decentralization has a positive effect on transaction waiting time, which attracts investors and increases the market capitalization of Siacoin. It becomes more efficient form day to day. Moreover, it leads to an increase in the amount invested in the development of the entire service.

Sia is very attractive for ordinary users because the entry threshold is very low. The reward can be received by anyone who can provide a place to store data. This reduces the cost of cloud storage.

Sia is very attractive for ordinary users because the entry threshold is very low. The reward can be received by anyone who can provide a place to store data. This reduces the cost of cloud storage.

Project nameSiacoin
Stock SymbolSC
Asset TypeCoin
Network typeBlockchain
Curr. Price$0.001496
Curr. Supply / Total Supply41,817,047,634 SC
ROI since launch3,169.11%
Launch date2013
Official Website 

Siacoin (SC) Latest News

Boston-based startup Nebulous, which developed the Sia Network cryptocurrency project, will pay a fine of $225,000 to the U.S. Securities and Exchange Commission (SEC) for selling unregistered securities.

Siacoin (SC) Price History

Siacoin cryptocurrency began with a price of $0.000011. This is an all-time low mark which was fixed on December 1st, 2015. The first significant movement was seen on June 22nd, 2017. The price reached $0.018817. This price rise was associated with the launch of new miners from the Obelisk company.

Let’s explain this situation. Siacoin (SC) uses the Proof-of-Work consensus mechanism. So miners should use ASICs to get SC coins. The company behind Sia, Nebulous, launched a subsidiary named Obelisk. The purpose was to create ASICs only for mining Siacoin. They announced it on Twitter on June 22nd.

The all-time-high point was registered on January 7th, 2018. It was $0.111708. A day earlier, the company announced a new Roadmap for the next year.

However, since May 3rd, 2018, the price hasn’t shown any rises. Moreover, in 2018, the SC went through a hard fork which made Siacoin ASIC mining possible only with Obelisk miners. While Bitmain stays the leading company in crypto mining, the price of Siacoin since that moment didn’t rise again.

siacoin price chart sc
Siacoin (SC) Price Graph

Now the price of one SC coin is $0.001485 and in 70th place among all cryptocurrencies. The market capitalization of SC is $62,112,926, and the 24h value is $2,111,563. 

Siacoin Technical Analysis

Well, there is not actually any technical analysis expertise of Siacoin cryptocurrency. However, here is the aggregate rating for SC from several traders & analysts on TradingView.

siacoin sc technical analysis

Siacoin (SC) market projections on TradingView; the screenshot was taken on 12/16/19

Siacoin (SC) Price Predictions for 2020-2025

#1. WalletInvestor Price Prediction for Siacoin in 2020 and 2025

According to WalletInvestor, SC is a bad long-term (1-year) investment. The price of Siacoin may drop from 0.00147 USD to 0.000225 USD. The change will be -84.712%. According to present data Siacoin (SC) and potentially its market environment has been in the bearish cycle for the last 12 months. 

#2. CryptoGround SC Forecast in 2020-2025

Based on the data, it can be predicted that it is Profitable to invest in Siacoin (SC) for the long term. By long term, the analysts mean the Siacoin forecast for a 5+ year period. The price of Siacoin (SC) in 2021 will be about $0.0251. As per the forecast and algorithmic analysis, the price of 1 Siacoin (SC) will be around $0.0568 in 2025.

#3. Siacoin (SC) Price Prediction for 2020-2023 by Crypto-Rating

The deep-learning algorithm predicts the SC price will be at $0.004400 in 6 months. Analysis of the cryptocurrency market shows that Siacoin price may reach $0.004860 by January 1st 2020, driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that SC will stay around $0.004860 in 2020, $0.005130 in 2021, $0.005886 in 2022 and $0.006547 in 2023.

#4. TradingBeasts Siacoin Price Prediction for 2020-2022

The Siacoin price is predicted to reach $0.0021376 by the beginning of January 2020. The expected maximum price is $0.0027989, the minimum $0.0019033. Siacoin price prediction for the end of the month is $0.0022391. By the end of December 2021, the estimated price of one Siacoin is $0.0035919. In 2022, the average price of Siacoin will probably be $0.0040734.

#5. DigitalCoinPrice SC Price Forecast for 2020-2026

Siacoin (SC) price will increase. Siacoin (SC) is a profitable investment. The price of 1 Siacoin (SC) can rise up to $0.00349312 USD in 1 year time, nearly two times more than the current Siacoin price. In six years, the price of one SC is estimated to be $0.00656900.

So, if you decide to buy yourself some Siacoin (SC) or other crypto, you can do that on Changelly with no fuss.

F.A.Q. Siacoin (SIA)

How Much Is Siacoin Worth?

As of February 28, 2020, the price of one Siacoin is $0.002292.

Is Siacoin Dead?

What happened to Sia crypto? Is it dead? The answer is no. The team monthly posts the updates in the blog.

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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements.  Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.