The blockchain industry has not only revolutionized the DeFi space but also impacted several sectors of the crypto industry. While Dropbox and Google Drive are ruling the cloud space, Sia protocol is not far behind to snatch the crown as Siacoin is all set to be an alternative to these centralized services.
The crypto winter has been affected by several macroeconomic factors, which acted as a catalyst to plummet several cryptocurrencies to the bottom line in the price chart. Siacoin has been witnessing an extreme volatility level which is creating confusion for investors to make the correct investment decision.
In this article, we’ll go over our Siacoin price predictions for 2022-2030 to help you get a better view of Siacoin and its offerings. Our SC price predictions are intended to help explore future price expectations, average trading price, and project analysis to help you make a more informed decision before adding SC to your crypto investment portfolio.
Siacoin (SC) Overview
Siacoin has made itself stand out as one of the significant contributors to the blockchain industry. The blockchain infrastructure has made a smooth road for users to store enormous data on the cloud using the Sia platform. While most cryptocurrencies are dedicated to lowering fees, increasing transaction speed, and offering different crypto trading tools, the Sia protocol stands out among them as it aims to integrate smart contract technology to add more use cases like cloud storage with the help of blockchain.
What is Siacoin (SC)?
Siacoin is a decentralized protocol that allows crypto enthusiasts to store their data on the blockchain through cloud storage without depending on the centralized ecosystem. The concept and fundamental structure of Siacoin is similar to Google Drive or Dropbox, where users on Siacoin’s platform rent storage space through a peer-to-peer network.
Sia network was founded and developed by David Vorick and Luke Champine in 2014, and it was officially launched in the crypto market in 2015.
How does Siacoin (SC) Work?
The data stored through the Sia platform is end-to-end encrypted, with users having complete control over data with access to private keys. The files stored on Sia’s platform are secured through 30 segments, and each one’s data is recorded through a smart contract.
The whitepaper states, “By forming a contract, a storage provider (also known as a host) agrees to store a client’s data, and to periodically submit proof of their continued storage until the contract expires. The host is compensated for every proof they submit, and penalized for missing a proof. Since these proofs are publicly verifiable (and are publicly available in the blockchain), network consensus can be used to automatically enforce storage contracts. Importantly, this means that clients do not need to personally verify storage proofs; they can simply upload their file and let the network do the rest.”
Siacoin (SC) Mining
Sia network also introduced a reward system through mining Siacoin (SC) as it works on the proof-of-work (PoW) mining algorithm. The developing team behind the project is well-experienced, and it aims to introduce a proof-of-burn consensus mechanism to build stability between mining and its liquidity.
Current Market Status
|Price Change 24h||+0.68%|
|Circulating Supply||52.27B SC|
|Siacoin ROI (1 Year)||-82.5%|
Siacoin is an excellent alternative to centralized cloud storage systems as it conceptualizes blockchain technology, which has been the talk of the town since its inception. It also gives tough competition to Google and Amazon S3 in terms of security, as centralized networks are more exposed to hacks and exploits as compared to decentralized networks.
Siacoin (SC) Price History
Before we dig into our Siacoin price predictions, it is essential for investors to know about Siacoin’s price history to get a rough idea about its future potential and developments. However, it is to be noted that historical data is not an indicator for future Siacoin price predictions.
Siacoin was launched in August 2015 with a trading price of $0.00004, and for the first two years, it did not garner much price action for being a relatively new project in the crypto industry. However, it initiated a bullish phase when the team released an update called ‘Capricorn.’
Siacoin was trading near $0.001 on 30 April 2017 when it spiked and touched a high of $0.019 on 22 June. Siacoin then gained bearish momentum before going for another massive spike in December. Siacoin was trading at $0.006 by the beginning of December 2017, and it quickly reached $0.03 by the end of the year.
The bullish momentum continued, pushing Siacoin to an all-time high of $0.11 on 6 January 2018. However, Siacoin quickly dropped to $0.02 in February 2018 despite the team announcing its fundraising for the project.
The price of Siacoin increased from $0.01 on 1 April 2018 to $0.02 by the end of the month. Afterwards, Siacoin continued to drop, and there was minor price action for the next two years. In December 2018, the official Sia software was introduced for Ledger Nano S, a hardware crypto wallet. According to the Sia blog post, it became the safest platform to store Siacoin, but the news failed to drive a price rally.
In 2021, Siacoin started a journey to the North and touched a peak of $0.05 on 17 April 2021. However, the price slumped and fell to a price of $0.026 on 29 November 2021. Siacoin made a rough start in 2022 as the crypto market got hit by the pandemic, which led to a market crash, and Siacoin was no exception. Siacoin went through a downtrend and reached a price of $0.008 on 24 January 2022. SC got pumped back to $0.014 on 14 April but soon dropped to a bottom line at $0.0032 on 15 June.
Siacoin (SC) Price Prediction 2022: Technical Analysis
According to CoinMarketCap, Siacoin’s current price is $0.00324 with a market capitalization of $168 million. According to our Siacoin price predictions, SC is ready to witness more price drops in the upcoming months, as revealed by our technical analysis. Siacoin has been trading in a range-bound area below $0.0035, and it has recently broken out downwards near $0.00338 while trading below the 50% Fib retracement.
Siacoin may expect a slight bounce back to upward as EMA-20 is trading at $0.00344, where a small bullish candle is formed on the daily chart. Siacoin is trading below the 50-day SMA (simple moving average), hinting at a selling pressure in the last 24 hours. The Bollinger band’s upper limit is at $0.0036, where the EMA-50 is currently trading is an immediate resistance level in the Siacoin price chart. Siacoin is poised to show an uptrend to its next resistance level at $0.428 if it holds above the immediate resistance level.
The RSI-14 has recently dropped from 50 to a level of 30 and is currently trading at 29, indicating that Siacoin is presently in an over-bought region, which can cause turmoil and bring Siacoin closer to the downside. The MACD line is also not impressive as it is trending downward. The Bollinger band’s lower limit is at $0.00308, which is a crucial support level in the Siacoin price chart. Siacoin may witness a sharp fall if this support level breaks and trades below $0.002 before making bullish reversals.
“The highest possible price for Siacoin according to the latest Siacoin price prediction for 2022 is $0.15. This however does not show the whole picture. The price of Siacoin, SC can vary from $0.13 to $0.15 with the average price for the entire year being $0.14”AMBcrypto
“Our Siacoin price prediction 2030 projects a minimum trading price of $0.070 and a maximum price of $0.087. The average forecast price is estimated to be $0.072.”Cryptopolitan
“By 2025, SC may be worth $0.239, according to experts. The year 2025 may bring another bull run that could see prices rise across the crypto market, including the price of SC. What’s more, as Web 3.0 develops, Sia may have broader utility, which could further fuel price appreciation.”CoinJournal
“Sia is building on an existing cloud storage platform by bringing in resiliency and privacy measures enabled by blockchain. This year our Sc price prediction shows it will trade at $0.014 and the highest level reaches twice the current price.”CoinStats
“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.”CoinPedia
Siacoin Price Prediction 2022
According to our Siacoin analysis for 2022 and based on previous market trends, SC is expected to reach a maximum price of $0.004. Siacoin is projected to maintain its price level in this range for the rest of the year.
Potential ROI: 24%
Siacoin Price Prediction 2023
Our Siacoin price prediction for 2023 expects a maximum trading price of $0.008 with an average trading price of nearly $0.007. Siacoin might retrace downward with a minimum price of $0.005 by the end of 2023.
Potential ROI: 146%
Siacoin Price Forecast 2024
The developing team behind the Sia project is actively developing the protocol. Our Siacoin price prediction for 2024 suggests that Sia might continue its bullish momentum, and Siacoin is potentially projected to achieve a maximum price level of $0.01. Siacoin might record a low of $0.0075, which can be its average trading price.
Potential ROI: 208%
Siacoin Price Prediction 2025
Our Siacoin price prediction for 2025 expects a minimum value of $0.012 and a maximum value of $0.014. The SC price forecast for 2024 predicts an average trading price of $0.013.
Potential ROI: 332%
Siacoin Price Forecast 2026
Siacoin can skyrocket in 2026 and bring a significant return on investment to its long-term holders. Our Siacoin price prediction for 2026 predicts a maximum price of $0.021 with an average price of $0.017. Siacoin is projected to record a low of $0.015 by the end of 2026.
Potential ROI: 584%
Siacoin (SC) Price Prediction 2027
Over the next five years, the crypto market is predicted to witness a bull run. Our Siacoin price prediction for 2027 anticipates that the SC token may attain a maximum price of $0.029. Siacoin may achieve an average trading price of $0.025 with a minimum value of $0.023.
Potential ROI: 795%
Siacoin (SC) Price Forcast 2028
Our Siacoin price prediction 2028 analyses that SC may reach a maximum price of $0.042 and an average price of $0.037. The minimum value for the cryptocurrency is forecasted to hit $0.036.
Potential ROI: 1196%
Siacoin Price Prediction 2029
In the upcoming years, Siacoin can acquire impactful partnerships which can push its price upward. Our Siacoin analysis for 2029 suggests that Siacoin is expected to reach a maximum price of $0.062 and a minimum price of $0.051. Siacoin may attain an average value of $0.053.
Potential ROI: 1813%
Siacoin Price Prediction 2030
In 2030, our Siacoin price prediction projects a minimum trading price of $0.071 and a maximum trading price of $0.088. The average trading price is forecasted to reach $0.072.
Siacoin is currently getting recognition and is listed on major crypto exchanges like Binance, Huobi Global, UpBit, and OKEx. The price landscape of Siacoin is relatively high in the upcoming years, and with a significant change in technological advancements, Siacoin may witness enormous growth.
Potential ROI: 2616%
Is Siacoin a good investment?
Siacoin has proved to be one of the dominating crypto projects with a significant contribution to the cloud storage industry. Siacoin stands out as one of the crypto projects that aim to establish a decentralized cloud system with a unique approach. A vast community supports Siacoin, and it has so much room to grow in the future if it brings more valuable integrations to the platform. However, our Siacoin price prediction advises investors to do their own research and conduct experts’ opinions and investment advice before investing in the volatile crypto market, which can quickly erase your funds.
Can Siacoin reach $1?
The future prices of Siacoin depend upon the crypto market’s favorability and nature. If everything goes well, Siacoin can see the $1 mark in 2050. However, Siacoin can quickly reach it if it follows positive market sentiments.
Does Siacoin have a future?
The blockchain industry is continuously evolving, and users are looking for more use cases that can be eased with blockchain technology. Crypto investors are optimistic about Siacoin, and they believe that Siacoin has the potential to lead the future road of the web3 industry. Siacoin may soon touch potential heights as it promises a bright future ahead.