Siacoin Price Prediction
Let’s be honest: blockchain technology is consistently, step by step, making its way from the crypto world into our everyday lives. And while many digital currency projects on the crypto market are focused on the exchange of digital assets, there are some that chose to use blockchain originally. Today we’ll talk about Sia, a decentralized data storage network that offers its users an unprecedented level of data security, and Siacoin, an altcoin created for the needs of the Sia network. You will learn all about the project offering the safest, fastest, and, most importantly, inexpensive information storage. And, of course, we’ll discuss the future of Siacoin and SC price.
Siacoin (SC) Overview
Our real-time SC to USD price update shows the current Siacoin price as $0.011 USD.
Our most recent Siacoin price forecast indicates that its value will increase by 2.82% and reach $0.011112 by January 19, 2024.
Our technical indicators signal about the Bullish Bullish 88% market sentiment on Siacoin, while the Fear & Greed Index is displaying a score of 60 (Greed).
Over the last 30 days, Siacoin has had 17/30 (57%) green days and 15.09% price volatility.
Siacoin (SC) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
Siacoin Profit Calculator
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Siacoin (SC) Price Prediction For Today, Tomorrow and Next 30 Days
Date
Price
Change
January 18, 2024$0.0109100.95%January 19, 2024$0.0109991.78%January 20, 2024$0.0111122.82%January 21, 2024$0.0112924.49%January 22, 2024$0.0116137.46%January 23, 2024$0.0115536.9%January 24, 2024$0.0114275.74%January 25, 2024$0.0112874.44%January 26, 2024$0.0111853.5%January 27, 2024$0.0110912.63%January 28, 2024$0.0112023.66%January 29, 2024$0.0115296.68%January 30, 2024$0.0116027.36%January 31, 2024$0.0116647.93%February 01, 2024$0.0116447.74%February 02, 2024$0.0114886.3%February 03, 2024$0.0114335.79%February 04, 2024$0.0111443.12%February 05, 2024$0.0108730.61%February 06, 2024$0.0110021.8%February 07, 2024$0.0109631.44%February 08, 2024$0.0108610.5%February 09, 2024$0.010770-0.34%February 10, 2024$0.0109000.86%February 11, 2024$0.010751-0.52%February 12, 2024$0.010674-1.23%February 13, 2024$0.010768-0.36%February 14, 2024$0.0109791.59%February 15, 2024$0.0109721.53%February 16, 2024$0.0109331.17%
Siacoin Prediction Table
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.0109
$0.0113
$0.0117
February
$0.00767
$0.00966
$0.0116
March
$0.00664
$0.00831
$0.00998
April
$0.00644
$0.00699
$0.00753
May
$0.00544
$0.00842
$0.0114
June
$0.00932
$0.0106
$0.0118
July
$0.00317
$0.00684
$0.0105
August
$0.00383
$0.00742
$0.0110
September
$0.00404
$0.00431
$0.00457
October
$0.00404
$0.00427
$0.00450
November
$0.00339
$0.00396
$0.00452
December
$0.00251
$0.00335
$0.00418
All Time
$0.00562
$0.00712
$0.00861
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.00418
$0.0128
$0.00877
February
$0.00586
$0.0137
$0.0104
March
$0.00753
$0.0147
$0.0120
April
$0.00921
$0.0156
$0.0136
May
$0.0109
$0.0166
$0.0152
June
$0.0126
$0.0175
$0.0168
July
$0.0142
$0.0185
$0.0184
August
$0.0159
$0.0194
$0.0201
September
$0.0176
$0.0204
$0.0217
October
$0.0193
$0.0213
$0.0233
November
$0.0209
$0.0223
$0.0249
December
$0.0226
$0.0232
$0.0265
All Time
$0.0134
$0.0180
$0.0176
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.0235
$0.0241
$0.0276
February
$0.0244
$0.0251
$0.0287
March
$0.0253
$0.0260
$0.0299
April
$0.0261
$0.0269
$0.0310
May
$0.0270
$0.0278
$0.0321
June
$0.0279
$0.0288
$0.0332
July
$0.0288
$0.0297
$0.0343
August
$0.0297
$0.0306
$0.0354
September
$0.0306
$0.0315
$0.0366
October
$0.0314
$0.0325
$0.0377
November
$0.0323
$0.0334
$0.0388
December
$0.0332
$0.0343
$0.0399
All Time
$0.0283
$0.0292
$0.0338
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.0346
$0.0357
$0.0415
February
$0.0360
$0.0372
$0.0430
March
$0.0373
$0.0386
$0.0446
April
$0.0387
$0.0400
$0.0462
May
$0.0401
$0.0414
$0.0477
June
$0.0415
$0.0429
$0.0493
July
$0.0428
$0.0443
$0.0509
August
$0.0442
$0.0457
$0.0524
September
$0.0456
$0.0471
$0.0540
October
$0.0470
$0.0486
$0.0556
November
$0.0483
$0.0500
$0.0571
December
$0.0497
$0.0514
$0.0587
All Time
$0.0421
$0.0436
$0.0501
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.0515
$0.0532
$0.0609
February
$0.0533
$0.0550
$0.0631
March
$0.0551
$0.0569
$0.0654
April
$0.0569
$0.0587
$0.0676
May
$0.0587
$0.0605
$0.0698
June
$0.0605
$0.0623
$0.0720
July
$0.0622
$0.0641
$0.0742
August
$0.0640
$0.0659
$0.0764
September
$0.0658
$0.0678
$0.0787
October
$0.0676
$0.0696
$0.0809
November
$0.0694
$0.0714
$0.0831
December
$0.0712
$0.0732
$0.0853
All Time
$0.0613
$0.0632
$0.0731
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.0742
$0.0762
$0.0886
February
$0.0771
$0.0793
$0.0918
March
$0.0801
$0.0823
$0.0951
April
$0.0830
$0.0853
$0.0983
May
$0.0860
$0.0883
$0.102
June
$0.0889
$0.0914
$0.105
July
$0.0919
$0.0944
$0.108
August
$0.0948
$0.0974
$0.111
September
$0.0978
$0.100
$0.115
October
$0.101
$0.103
$0.118
November
$0.104
$0.106
$0.121
December
$0.107
$0.110
$0.124
All Time
$0.0904
$0.0929
$0.106
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.111
$0.114
$0.129
February
$0.115
$0.119
$0.134
March
$0.120
$0.123
$0.139
April
$0.124
$0.128
$0.144
May
$0.129
$0.132
$0.149
June
$0.133
$0.137
$0.154
July
$0.137
$0.141
$0.159
August
$0.142
$0.146
$0.164
September
$0.146
$0.150
$0.169
October
$0.151
$0.155
$0.174
November
$0.155
$0.159
$0.178
December
$0.159
$0.164
$0.183
All Time
$0.135
$0.139
$0.156
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.165
$0.169
$0.191
February
$0.170
$0.175
$0.200
March
$0.176
$0.181
$0.208
April
$0.181
$0.186
$0.216
May
$0.187
$0.192
$0.224
June
$0.192
$0.198
$0.232
July
$0.197
$0.203
$0.240
August
$0.203
$0.209
$0.248
September
$0.208
$0.214
$0.256
October
$0.214
$0.220
$0.264
November
$0.219
$0.226
$0.272
December
$0.225
$0.231
$0.280
All Time
$0.195
$0.200
$0.236
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.234
$0.241
$0.289
February
$0.244
$0.251
$0.297
March
$0.253
$0.261
$0.306
April
$0.263
$0.271
$0.315
May
$0.273
$0.280
$0.324
June
$0.282
$0.290
$0.332
July
$0.292
$0.300
$0.341
August
$0.302
$0.310
$0.350
September
$0.311
$0.320
$0.358
October
$0.321
$0.330
$0.367
November
$0.330
$0.339
$0.376
December
$0.340
$0.349
$0.385
All Time
$0.287
$0.295
$0.337
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$0.352
$0.361
$0.402
February
$0.363
$0.373
$0.420
March
$0.375
$0.385
$0.437
April
$0.386
$0.397
$0.455
May
$0.398
$0.409
$0.472
June
$0.409
$0.421
$0.490
July
$0.421
$0.433
$0.507
August
$0.433
$0.445
$0.525
September
$0.444
$0.457
$0.542
October
$0.456
$0.469
$0.560
November
$0.467
$0.481
$0.577
December
$0.479
$0.493
$0.595
All Time
$0.415
$0.427
$0.499
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$1.16
$1.23
$1.43
February
$1.85
$1.97
$2.26
March
$2.53
$2.71
$3.09
April
$3.22
$3.45
$3.92
May
$3.90
$4.19
$4.76
June
$4.58
$4.93
$5.59
July
$5.27
$5.67
$6.42
August
$5.95
$6.41
$7.25
September
$6.64
$7.15
$8.08
October
$7.32
$7.89
$8.92
November
$8.01
$8.63
$9.75
December
$8.69
$9.37
$10.58
All Time
$4.93
$5.30
$6
Month
Minimum Price
Average Price
Maximum Price
Potential ROI
January
$9.04
$9.71
$10.91
February
$9.40
$10.05
$11.25
March
$9.75
$10.39
$11.58
April
$10.10
$10.73
$11.91
May
$10.46
$11.07
$12.24
June
$10.81
$11.41
$12.58
July
$11.16
$11.74
$12.91
August
$11.52
$12.08
$13.24
September
$11.87
$12.42
$13.57
October
$12.22
$12.76
$13.91
November
$12.58
$13.10
$14.24
December
$12.93
$13.44
$14.57
All Time
$10.99
$11.57
$12.74
Siacoin Historical
According to the latest data gathered, the current price of Siacoin is $$0.01, and SC is presently ranked No. 100 in the entire crypto ecosystem. The circulation supply of Siacoin is $615,295,509.93, with a market cap of 56,197,002,246 SC.
In the past 24 hours, the crypto has increased by $0.0005 in its current value.
For the last 7 days, SC has been in a good upward trend, thus increasing by 41.14%. Siacoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of SC has increased by 62.88%, adding a colossal average amount of $0.01 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
Siacoin Price Prediction 2024
According to the technical analysis of Siacoin prices expected in 2024, the minimum cost of Siacoin will be $$0.00251. The maximum level that the SC price can reach is $$0.00716. The average trading price is expected around $$0.0118.
SC Price Forecast for January 2024
Based on the price fluctuations of Siacoin at the beginning of 2023, crypto experts expect the average SC rate of $$0.0113 in January 2024. Its minimum and maximum prices can be expected at $$0.0109 and at $$0.0117, respectively.
February 2024: Siacoin Price Forecast
Cryptocurrency experts are ready to announce their forecast for the SC price in February 2024. The minimum trading cost might be $$0.00767, while the maximum might reach $$0.0116 during this month. On average, it is expected that the value of Siacoin might be around $$0.00966.
SC Price Forecast for March 2024
Crypto analysts have checked the price fluctuations of Siacoin in 2023 and in previous years, so the average SC rate they predict might be around $$0.00831 in March 2024. It can drop to $$0.00664 as a minimum. The maximum value might be $$0.00998.
April 2024: Siacoin Price Forecast
In the middle of the year 2023, the SC price will be traded at $$0.00699 on average. April 2024 might also witness an increase in the Siacoin value to $$0.00753. It is assumed that the price will not drop lower than $$0.00644 in April 2024.
SC Price Forecast for May 2024
Crypto experts have analyzed Siacoin prices in 2023, so they are ready to provide their estimated trading average for May 2024 — $$0.00842. The lowest and peak SC rates might be $$0.00544 and $$0.0114.
June 2024: Siacoin Price Forecast
Crypto analysts expect that at the end of summer 2023, the SC price will be around $$0.0106. In June 2024, the Siacoin cost may drop to a minimum of $$0.00932. The expected peak value might be $$0.0118 in June 2024.
SC Price Forecast for July 2024
Having analyzed Siacoin prices, cryptocurrency experts expect that the SC rate might reach a maximum of $$0.0105 in July 2024. It might, however, drop to $$0.00317. For July 2024, the forecasted average of Siacoin is nearly $$0.00684.
August 2024: Siacoin Price Forecast
In the middle of autumn 2023, the Siacoin cost will be traded at the average level of $$0.00742. Crypto analysts expect that in August 2024, the SC price might fluctuate between $$0.00383 and $$0.0110.
SC Price Forecast for September 2024
Market experts expect that in September 2024, the Siacoin value will not drop below a minimum of $$0.00404. The maximum peak expected this month is $$0.00457. The estimated average trading value will be at the level of $$0.00431.
October 2024: Siacoin Price Forecast
Cryptocurrency experts have carefully analyzed the range of SC prices throughout 2023. For October 2024, their forecast is the following: the maximum trading value of Siacoin will be around $$0.00450, with a possibility of dropping to a minimum of $$0.00404. In October 2024, the average cost will be $$0.00427.
SC Price Forecast for November 2024
Market analysts predict that Siacoin will not fall below $$0.00339 in November 2024, with a chance of peaking at $$0.00452 in the same month. The average trading value is expected to be $$0.00396.
December 2024: Siacoin Price Forecast
For those interested in possible SC price in December 2024, crypto experts have prepared a long-term forecast. According to analysts‘ expectations, the average Siacoin trading price will fluctuate at the $$0.00335 level. Maximum and minimum expected prices for this crypto asset are also specified – they may amount to $$0.00418 and $$0.00251, respectively.
Siacoin Price Prediction 2025
After the analysis of the prices of Siacoin in previous years, it is assumed that in 2025, the minimum price of Siacoin will be around $$0.0226. The maximum expected SC price may be around $$0.0265. On average, the trading price might be $$0.0232 in 2025.
Month
Minimum Price
Average Price
Maximum Price
January 2025
$0.00418
$0.0128
$0.00877
February 2025
$0.00586
$0.0137
$0.0104
March 2025
$0.00753
$0.0147
$0.0120
April 2025
$0.00921
$0.0156
$0.0136
May 2025
$0.0109
$0.0166
$0.0152
June 2025
$0.0126
$0.0175
$0.0168
July 2025
$0.0142
$0.0185
$0.0184
August 2025
$0.0159
$0.0194
$0.0201
September 2025
$0.0176
$0.0204
$0.0217
October 2025
$0.0193
$0.0213
$0.0233
November 2025
$0.0209
$0.0223
$0.0249
December 2025
$0.0226
$0.0232
$0.0265
Siacoin Price Prediction 2026
Based on the technical analysis by cryptocurrency experts regarding the prices of Siacoin, in 2026, SC is expected to have the following minimum and maximum prices: about $$0.0332 and $$0.0399, respectively. The average expected trading cost is $$0.0343.
Month
Minimum Price
Average Price
Maximum Price
January 2026
$0.0235
$0.0241
$0.0276
February 2026
$0.0244
$0.0251
$0.0287
March 2026
$0.0253
$0.0260
$0.0299
April 2026
$0.0261
$0.0269
$0.0310
May 2026
$0.0270
$0.0278
$0.0321
June 2026
$0.0279
$0.0288
$0.0332
July 2026
$0.0288
$0.0297
$0.0343
August 2026
$0.0297
$0.0306
$0.0354
September 2026
$0.0306
$0.0315
$0.0366
October 2026
$0.0314
$0.0325
$0.0377
November 2026
$0.0323
$0.0334
$0.0388
December 2026
$0.0332
$0.0343
$0.0399
Siacoin Price Prediction 2027
The experts in the field of cryptocurrency have analyzed the prices of Siacoin and their fluctuations during the previous years. It is assumed that in 2027, the minimum SC price might drop to $$0.0497, while its maximum can reach $$0.0587. On average, the trading cost will be around $$0.0514.
Month
Minimum Price
Average Price
Maximum Price
January 2027
$0.0346
$0.0357
$0.0415
February 2027
$0.0360
$0.0372
$0.0430
March 2027
$0.0373
$0.0386
$0.0446
April 2027
$0.0387
$0.0400
$0.0462
May 2027
$0.0401
$0.0414
$0.0477
June 2027
$0.0415
$0.0429
$0.0493
July 2027
$0.0428
$0.0443
$0.0509
August 2027
$0.0442
$0.0457
$0.0524
September 2027
$0.0456
$0.0471
$0.0540
October 2027
$0.0470
$0.0486
$0.0556
November 2027
$0.0483
$0.0500
$0.0571
December 2027
$0.0497
$0.0514
$0.0587
Siacoin Price Prediction 2028
Based on the analysis of the costs of Siacoin by crypto experts, the following maximum and minimum SC prices are expected in 2028: $$0.0853 and $$0.0712. On average, it will be traded at $$0.0732.
Month
Minimum Price
Average Price
Maximum Price
January 2028
$0.0515
$0.0532
$0.0609
February 2028
$0.0533
$0.0550
$0.0631
March 2028
$0.0551
$0.0569
$0.0654
April 2028
$0.0569
$0.0587
$0.0676
May 2028
$0.0587
$0.0605
$0.0698
June 2028
$0.0605
$0.0623
$0.0720
July 2028
$0.0622
$0.0641
$0.0742
August 2028
$0.0640
$0.0659
$0.0764
September 2028
$0.0658
$0.0678
$0.0787
October 2028
$0.0676
$0.0696
$0.0809
November 2028
$0.0694
$0.0714
$0.0831
December 2028
$0.0712
$0.0732
$0.0853
Siacoin Price Prediction 2029
Crypto experts are constantly analyzing the fluctuations of Siacoin. Based on their predictions, the estimated average SC price will be around $$0.1095. It might drop to a minimum of $$0.1066, but it still might reach $$0.1243 throughout 2029.
Month
Minimum Price
Average Price
Maximum Price
January 2029
$0.0742
$0.0762
$0.0886
February 2029
$0.0771
$0.0793
$0.0918
March 2029
$0.0801
$0.0823
$0.0951
April 2029
$0.0830
$0.0853
$0.0983
May 2029
$0.0860
$0.0883
$0.102
June 2029
$0.0889
$0.0914
$0.105
July 2029
$0.0919
$0.0944
$0.108
August 2029
$0.0948
$0.0974
$0.111
September 2029
$0.0978
$0.100
$0.115
October 2029
$0.101
$0.103
$0.118
November 2029
$0.104
$0.106
$0.121
December 2029
$0.107
$0.110
$0.124
Siacoin Price Prediction 2030
Every year, cryptocurrency experts prepare forecasts for the price of Siacoin. It is estimated that SC will be traded between $$0.1594 and $$0.1834 in 2030. Its average cost is expected at around $$0.1638 during the year.
Month
Minimum Price
Average Price
Maximum Price
January 2030
$0.111
$0.114
$0.129
February 2030
$0.115
$0.119
$0.134
March 2030
$0.120
$0.123
$0.139
April 2030
$0.124
$0.128
$0.144
May 2030
$0.129
$0.132
$0.149
June 2030
$0.133
$0.137
$0.154
July 2030
$0.137
$0.141
$0.159
August 2030
$0.142
$0.146
$0.164
September 2030
$0.146
$0.150
$0.169
October 2030
$0.151
$0.155
$0.174
November 2030
$0.155
$0.159
$0.178
December 2030
$0.159
$0.164
$0.183
Siacoin Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Siacoin’s price. The year 2031 will be determined by the maximum SC price of $$0.2800. However, its rate might drop to around $$0.2246. So, the expected average trading price is $$0.2312.
Month
Minimum Price
Average Price
Maximum Price
January 2031
$0.165
$0.169
$0.191
February 2031
$0.170
$0.175
$0.200
March 2031
$0.176
$0.181
$0.208
April 2031
$0.181
$0.186
$0.216
May 2031
$0.187
$0.192
$0.224
June 2031
$0.192
$0.198
$0.232
July 2031
$0.197
$0.203
$0.240
August 2031
$0.203
$0.209
$0.248
September 2031
$0.208
$0.214
$0.256
October 2031
$0.214
$0.220
$0.264
November 2031
$0.219
$0.226
$0.272
December 2031
$0.225
$0.231
$0.280
Siacoin Price Prediction 2032
After years of analysis of the Siacoin price, crypto experts are ready to provide their SC cost estimation for 2032. It will be traded for at least $$0.3400, with the possible maximum peaks at $$0.3846. Therefore, on average, you can expect the SC price to be around $$0.3492 in 2032.
Month
Minimum Price
Average Price
Maximum Price
January 2032
$0.234
$0.241
$0.289
February 2032
$0.244
$0.251
$0.297
March 2032
$0.253
$0.261
$0.306
April 2032
$0.263
$0.271
$0.315
May 2032
$0.273
$0.280
$0.324
June 2032
$0.282
$0.290
$0.332
July 2032
$0.292
$0.300
$0.341
August 2032
$0.302
$0.310
$0.350
September 2032
$0.311
$0.320
$0.358
October 2032
$0.321
$0.330
$0.367
November 2032
$0.330
$0.339
$0.376
December 2032
$0.340
$0.349
$0.385
Siacoin Price Prediction 2033
Cryptocurrency analysts are ready to announce their estimations of the Siacoin’s price. The year 2033 will be determined by the maximum SC price of $$0.5950. However, its rate might drop to around $$0.4789. So, the expected average trading price is $$0.4929.
Month
Minimum Price
Average Price
Maximum Price
January 2033
$0.352
$0.361
$0.402
February 2033
$0.363
$0.373
$0.420
March 2033
$0.375
$0.385
$0.437
April 2033
$0.386
$0.397
$0.455
May 2033
$0.398
$0.409
$0.472
June 2033
$0.409
$0.421
$0.490
July 2033
$0.421
$0.433
$0.507
August 2033
$0.433
$0.445
$0.525
September 2033
$0.444
$0.457
$0.542
October 2033
$0.456
$0.469
$0.560
November 2033
$0.467
$0.481
$0.577
December 2033
$0.479
$0.493
$0.595
Siacoin Price Prediction 2040
According to the technical analysis of Siacoin prices expected in 2040, the minimum cost of Siacoin will be $$8.69. The maximum level that the SC price can reach is $$10.58. The average trading price is expected around $$9.37.
Month
Minimum Price
Average Price
Maximum Price
January 2040
$1.16
$1.23
$1.43
February 2040
$1.85
$1.97
$2.26
March 2040
$2.53
$2.71
$3.09
April 2040
$3.22
$3.45
$3.92
May 2040
$3.90
$4.19
$4.76
June 2040
$4.58
$4.93
$5.59
July 2040
$5.27
$5.67
$6.42
August 2040
$5.95
$6.41
$7.25
September 2040
$6.64
$7.15
$8.08
October 2040
$7.32
$7.89
$8.92
November 2040
$8.01
$8.63
$9.75
December 2040
$8.69
$9.37
$10.58
Siacoin Price Prediction 2050
After the analysis of the prices of Siacoin in previous years, it is assumed that in 2050, the minimum price of Siacoin will be around $$12.93. The maximum expected SC price may be around $$14.57. On average, the trading price might be $$13.44 in 2050.
Month
Minimum Price
Average Price
Maximum Price
January 2050
$9.04
$9.71
$10.91
February 2050
$9.40
$10.05
$11.25
March 2050
$9.75
$10.39
$11.58
April 2050
$10.10
$10.73
$11.91
May 2050
$10.46
$11.07
$12.24
June 2050
$10.81
$11.41
$12.58
July 2050
$11.16
$11.74
$12.91
August 2050
$11.52
$12.08
$13.24
September 2050
$11.87
$12.42
$13.57
October 2050
$12.22
$12.76
$13.91
November 2050
$12.58
$13.10
$14.24
December 2050
$12.93
$13.44
$14.57
What Actually Is Siacoin (SC) and How Does It Work?
Sia, a decentralized cloud storage platform running on blockchain technology, lets you store your files using free hard drive space anywhere in the world. Siacoin (SC) is a digital currency created for this project. This altcoin is designed to pay for cloud storage services. Anyone who has a certain amount of SC can rent spare hard drive space from Sia hosts. This can be done with the help of “file contracts,” a special type of smart contract stored in the Sia blockchain. Smart contracts are unique technical alterations that allow using blockchain efficiently to store files. So, 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. However, if the host loses the file, they do not receive the payment.
The system has support for payment channels and bilateral contracts. This fact is crucial because it ensures 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 who rent the space but also for those who rent it out.
All files sent from renter to host are encrypted, and Siacoin’s reliability stands out thanks to the process of dividing the file into a huge 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. Not only files are encrypted, but even their fragments, allowing the service to ensure the anonymity and confidentiality of data.
Due to the distributed nature of the Sia network, it becomes possible to optimize the bandwidth of this network, its security, and reliability and reduce response times. In addition, any user can rent out their storage space, and the reduced cost of information storage reflects that. What makes Sia very attractive for ordinary users is a very low entry threshold: anyone who can provide a place to store data can receive a reward. We’ll talk about many other advantages of Sia a little later.
Brief History of Siacoin (SC)
Siacoin’s story began in September 2013 when two undergraduate computer science students, David Vorick and Luke Champine, came up with the idea of a blockchain-powered data storage system. Vorick described the project as “the infrastructure that nobody, including ourselves, has the control over something with no failure points, where there is no place of leverage and no company, country, jurisdiction, a person who can decide that they don’t like you or they have ulterior motives.”
In May 2014, Vorick and Champine created Nebulous Inc. Among others, FirstRaptor Group, Raptor Group, INBlockchain, Fenbushi Capital, and First Star Venture were the company’s top investors. Sia was officially launched in June 2015. By September 2016, Sia’s total venture capital went up to $1.25 million.
Siacoin Mining: How to Mine Siacoin (SC)?
The very first 100 Sia blocks were mined directly by the project creators. The reward for the first block was 300,000 SC. For each subsequent block, the reward is reduced by 1 Siacoin. There is also a minimum possible reward per block — 30,000 SC.
GPU (Graphics Processing Units) mining of Siacoin is the most popular way to mine this digital currency. SC mining works on the Blake2b e-currency algorithm using the PoW system. The reward is reduced after each mined block and will continue to do so until it reaches the set minimum possible size. After that happens, the reward remains fixed: once the block reward reaches 30,000 coins, it stays there forever.
In June 2018, the company launched Obelisk, its own ASIC mining for Siacoin, which is 100 times more powerful than mining with a GPU.
There are also other possible ways for users to get Siacoin apart from mining:
By renting your spare hard drive space. Having a PC or a server connected to the Internet and working 365 days a year, you can become a host and get remuneration in SC;By buying coins. As of today, digital currency Siacoin is traded on such popular cryptocurrencies as Binance, Upbit, Poloniex, Bittrex, QBTC, Bitbns, Bisq, etc.
Siacoin: Strengths and Weaknesses
Now, let’s take a look at the pros and cons of the Sia cloud storage network. Being a revolutionary product, it has a whole bunch of advantages:
High level of confidentiality. A user has the ability to fully manage their own encryption keys. No third parties, who could get access to the personal data, are involved;Encryption. Segments are sent to the hosts in encrypted (by the Twofish algorithm) form. This makes Sia much more secure than other popular cloud storage services — for example, Amazon does not offer automatic encryption of user data;Decentralization and a high degree of reliability. Files are segmented into 30 (!) segments before being downloaded and then sent to thirty hosts. Sia can recover files from 10 segments of anything. Thus, if 20 of the 30 hosts are offline, the user can still smoothly access their own files. If some hosts have been offline for a long time, the segments will be transferred by Sia to other online hosts so that the number reaches 30 again;Open source. Sia has publicly available source code, which is constantly improved through the actions of leading developers as well as the entire community;The low cost of storing information. For example, you only need to pay $2 per month to store 1,000 GB of information. Compared to all possible competitors (Google Drive, DropBox, Microsoft, Amazon, etc.), this is the best combination of quality and price.
And now, talking about the cons, it’s necessary to mention:
The specifics of SC mining: since Siacoin can be mined only with graphics cards, mining this cryptocurrency on specially created mining farms or with the help of processors’ computing power becomes impossible;A threat of counteraction from competitors — large corporations;Concerns and hesitations: the target audience still treats the possibility of decentralized data storage with a large share of mistrust.
Nevertheless, it’s worth noting that the listed disadvantages are not so much related to technical difficulties but rather to users’ mistrust and their moral unreadiness to actively use and distribute the tools offered by this service. And, who knows, maybe only time will help solve those problems.
According to the latest data gathered, the current price of Siacoin is $$0.01, and SC is presently ranked No. 100 in the entire crypto ecosystem. The circulation supply of Siacoin is $615,295,509.93, with a market cap of 56,197,002,246 SC.
In the past 24 hours, the crypto has increased by $0.0005 in its current value.
For the last 7 days, SC has been in a good upward trend, thus increasing by 41.14%. Siacoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of SC has increased by 62.88%, adding a colossal average amount of $0.01 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
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What We Might Miss: Frequently Asked Questions, Siacoin Price Analysis, and SC Value Prediction
Siacoin price now
As of now, Siacoin (SC) price is $0.01 with Siacoin market capitalization of $606,668,983.33.
Is Siacoin a good investment?
The forecast for Siacoin price is quite positive. It is expected that SC price might meet a bull trend in the nearest future. We kindly remind you to always do your own research before investing in any asset.
Can Siacoin rise?
It seems that the average price of Siacoin might reach {AveragePrice2023} in the end of the year. In five-year plan perspective, the cryptocurrency could probably rise up to $0.05139486. Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc.
How much will Siacoin be worth 2023?
SC minimum and maximum prices might hit {MinimumPrice2023} and {MaximumPrice2023} accordingly.
How much will Siacoin be worth 2025?
Siacoin network is developing rapidly. SC price forecast for 2025 is rather positive. The SC average price is expected to reach minimum and maximum prices of $0.02259774 and $0.02649735 respectively.
How much will Siacoin be worth 2030?
SC is provided with suitable environment to reach new heights in terms of price. SC price prediction is quite positive. Business analysts predict that SC might reach the maximum price of $0.18338166 by 2030. Please take into account that none of the data provided above is neither fundamental analysis nor investment advice. None of the information provided is $0.16378362
Does Siacoin have a future?
The public’s interest in the secure cloud storage of confidential information is growing year by year. So, being a breakthrough project, unique in its kind, Sia has every chance to take its place among large corporations, which may increase this digital coin’s price.
Is Siacoin (SC) a good investment?
This altcoin may be considered a good investment option. 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. Investors’ consensus about SC is positive too. As we can assume for now, SC has a bright future. 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.
Is Siacoin safe?
It is safe both for users and investors. Users love it for its convenience and reliability, and crypto investors like the stability of the SC average price.
Can Siacoin’s price reach $1?
Yes, it can, although nobody really knows when it will happen. Its price depends on many factors, both external and internal, so, for example, the SC price may go high in one minute if they get a big company using their technology. Also, as history shows, this coin is very sensitive to crypto market trends.
What was the maximum price of the SC token on the crypto market?
Siacoin reached its all-time high point in winter 2018 with the maximum price of $0.087793.
Is Siacoin worth mining?
The reward for mining a block of SC is 300,000 SC, and as we mentioned earlier, it won’t go lower than that. So the answer is yes, it is.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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