Key Highlights of Siacoin (SC) Forecast
Here are some key highlights from our latest Siacoin price movement analysis and future projections.
- Siacoin (SC) was listed at $0.005166 at press time, a rise of 99.91% in the last 24 hours
- Siacoin is projected to reach a maximum value of $0.008424, representing a 102.46% increase by the end of 2024
- Siacoin is determined to fetch positive returns in the long term and, hence, could be risky in the short term
Overview of Siacoin Price Prediction
Below is the overview of the Siacoin price prediction, market insights, and possible opportunities:
| Cryptocurrency | Siacoin |
| Token | SC |
| Current Price | $ 0.004339 |
| Price Change (24h) | 0.70% |
| Price Change (7d) | 5.76% |
| Market Cap | $416,118,356.52 |
| Trading Volume | $7,204,176.49 |
| Circulating Supply | 57,062,868,321 SC |
| All-Time High | $0.104436 (January 06, 2018) |
| All-time Low | $0.00001131 (December 01, 2015) |
| Volatility | 4.87% (Medium) |
| Fear-Greed Index | 32 (Fear) |
| Sentiment | Bearish |
| Green Days | 15/30 (50%) |
What is Siacoin?
SC, or Siacoin, is Sia’s native cryptocurrency. It serves as utility tokens within the ecosystem of the blockchain-based distributed and decentralized cloud storage platform. The platform’s long-term goal ideally makes Siacoin unique in the market. Because of its decentralized nature, Siacoin offers competitive storage rates.
Siacoin Long-Term Price Prediction
Let us examine Siacoin’s long-term price prediction for the upcoming years based on historical price movements, technical analysis, and SC halving cycles.
| Year | Minimum Price | Maximum Price |
| 2024 | $0.004173 | $0.008639 |
| 2025 | $0.004173 | $0.008639 |
| 2026 | $0.003437 | $0.004788 |
| 2027 | $0.003433 | $0.003709 |
| 2028 | $0.003516 | $0.005111 |
| 2029 | $0.003285 | $0.018413 |
| 2030 | $0.000793 | $0.004827 |
Siacoin Price Prediction 2024
The SC price prediction for 2024, the current year, shows an average of $0.006406. Technical analysis of the Siacoin forecast sheds more light on upcoming projections. It details that SC can exchange hands within the range of $0.004173 and $0.008639, with both being the minimum and maximum values, respectively.
Siacoin Price Prediction 2025
Siacoin price prediction for 2025 shows that SC will successfully sustain the gains or losses of the previous year, 2024. Technical analysis puts out the minimum value of $0.004173 and the maximum value of $0.008639. Depending on how factors align on a macro level, SC may hover around the average mark of $0.006406.
Siacoin Price Prediction 2026
Siacoin price prediction projects a slight pullback from the gains of 2025. Experts believe that the token could go as low as $0.003437. Alternatively, SC could mark the highest uptick to $0.004788. How Siacoin performs in 2026 will set the tone for the next year. It is likely that investors will buy the dip if SC indeed keeps up with the decline in token value.
Siacoin Price Prediction 2027
According to Siacoin price prediction analysis for 2027, the token will exchange hands between $0.003433 and $0.003709. Surge, if any, will be noteworthy and dependent on what kind of trend is prevailing in the crypto market. Analysts believe that the rise in the demand for crypto-related ETFs will boost the ecosystem in every possible manner. An expert opinion is that SC will trade around an average mark of $0.003571.
Siacoin Price Prediction 2028
Experts have projected a possibility of an upswing in 2028 based on past trends. Siacoin future price prediction for 2028 shows a range of $0.003516 and $0.005111 with an average value of $0.004314. The major drive for the uptick could be the utility of the native token of Siacoin. This could be a trigger point for the upcoming upward trajectory. It will later be all about sustaining those gains, which technical analysis points would be doable in the next 12 months.
Siacoin Price Prediction 2029
Technical analysis of SC predicts a Siacoin price for 2029. The token is speculated to reach a high of $0.018413. Alternatively, it could rest at a low of $0.003285. SC is expected to exchange hands at an average of $0.010849 throughout the year. Past trends support a rebound for Siacoin, and expats believe that it will hold on to massive gains until the end of 2029.
Siacoin Price Prediction 2030
The SC forecast for 2030 shows that Siacoin will retrace its steps back to a lower value. It is anticipated to trade at a minimum value of $0.000793 and a maximum value of $0.004827. According to technical analysis, Siacoin price prediction shows that an average value of $0.002810 is in the picture, depending on how the market reacts to the ongoing trends at the end of the decade.
Siacoin Short-Term Price Prediction
The SC short-term price prediction for the next 30 days, shown below, is based on the trends from the past 30 days. This includes looking at both positive and negative changes.
| Date | Price | Change |
|---|---|---|
| Sep 11, 2024 | $0.004274 | 0.00% |
| Sep 12, 2024 | $0.004317 | 1.00% |
| Sep 13, 2024 | $0.004376 | 2.38% |
| Sep 14, 2024 | $0.004508 | 5.49% |
| Sep 15, 2024 | $0.004532 | 6.04% |
| Sep 16, 2024 | $0.004472 | 4.63% |
| Sep 17, 2024 | $0.004422 | 3.45% |
| Sep 18, 2024 | $0.004405 | 3.07% |
| Sep 19, 2024 | $0.004417 | 3.34% |
| Sep 20, 2024 | $0.004516 | 5.66% |
| Sep 21, 2024 | $0.004520 | 5.77% |
| Sep 22, 2024 | $0.004576 | 7.08% |
| Sep 23, 2024 | $0.004577 | 7.10% |
| Sep 24, 2024 | $0.004509 | 5.49% |
| Sep 25, 2024 | $0.004350 | 1.77% |
| Sep 26, 2024 | $0.004276 | 0.04% |
| Sep 27, 2024 | $0.004314 | 0.92% |
| Sep 28, 2024 | $0.004288 | 0.32% |
| Sep 29, 2024 | $0.004214 | -1.43% |
| Sep 30, 2024 | $0.004236 | -0.89% |
| Oct 1, 2024 | $0.004173 | -2.38% |
| Oct 2, 2024 | $0.004203 | -1.68% |
| Oct 3, 2024 | $0.004222 | -1.23% |
| Oct 4, 2024 | $0.004257 | -0.41% |
| Oct 5, 2024 | $0.004279 | 0.10% |
| Oct 6, 2024 | $0.004272 | -0.06% |
| Oct 7, 2024 | $0.004266 | -0.19% |
| Oct 8, 2024 | $0.004287 | 0.28% |
| Oct 9, 2024 | $0.004303 | 0.67% |
| Oct 10, 2024 | $0.004344 | 1.63% |
Siacoin Technical Analysis
The technical analysis of Siacoin(SC) includes several indicators. Most of them point out that SC is an ideal long-term investment. Needless to say, it can still serve purposes for short-term investments based on the objectives of an investor.
- The 14-day Relative Strength Index (RSI) is 47.81. This shows a buy and the potential to convert the ongoing bearish sentiments to neutral in the coming days
- The weekly 50-day Weekly Simple Moving Average (SMA) is $ 0.00705. SC is above this level, signaling an uptrend. However, it could soon enter the correction phase
- The weekly 200-day Weekly Simple Moving Average (SMA) is $ 0.003164, showing the potential of the token about how high it can go. Correction, if any, will be followed with a rebound by the end of this year
- The Daily Simple Moving Average (SMA) 21 is $ 0.004385, and the Weekly Simple Moving Average (SMA) 50 is $ 0.00705, indicating a sentiment to sell the token
- The Weekly Exponential Moving Average (EMA) 21 is $ 0.005642, showing signs of a sell, while the Weekly Exponential Moving Average (EMA) 50 is $ 0.006089, suggesting a sale of SC holdings
- Most of the Siacoin oscillators are neutral, except for the Stoch RSI (14) at 85.91, which supports investors looking to buy Siacoin. This is likely backed by the principle of buying the dip
Is Now the Time to Buy, Sell, or Hold Siacoin?
Current market trends are neutral. Hence, suggesting that it is ideal to hold Siacoin as they are in the wallet. A long-stretched decline would be the first indication to sell to prevent further losses.
Similarly, a long-stretched gain would be the first indication that correction is around the corner and it is better to sell instead of being greedy. Notably, this is purely for reference, and executions should be modified based on market research, investment objectives, and risk tolerance.
Siacoin (SC) Price History
SC coin price history in the most recent sense shows a downswing of 0.70% in the last 24 hours and a decline of 5.76% in the last 7 days. However, it is also decline by -2.61% when one looks at Siacoin’s month-to-date performance. The YTD performance is bearish, with a downtick of -35.22% at the press time.
- The market cap of Siacoin has fluctuated equally with the token value. It was last recorded at $277.08 million on July 31, 2024, with a volume of approximately $20.91 million
- The performance of Siacoin as of July 31, 2023, one year ago, had a market capitalization of $187.05 million and a trading volume of $3.18 million. SC closed the market while banking at $0.003522
- SC closed the market on July 31, 2022, at $0.003654. If anything, this proves that Siacoin fluctuated within a controlled range to eliminate volatility. The market cap and trading volume were $190.06 million and $32.04 million, respectively
- Going by the SC price in the past, it is safe to conclude that the token hovers within a confined boundary. While this mitigates the risk factor, it also eliminates the opportunity to profit from holding Siacoin tokens
Market Sentiment on Siacoin Forecast
Prevailing sentiments for Siacoin are bearish; however, sentiments transition to bullish for Siacoin price prediction. This is potentially because it comes out as a long-term investment option rather than a short-term investment option. There would be profits, but they could be hidden within a small room, making it hard to identify in the books.
- A total of 8 technical indicators signal bullish signs, while 21 signal bearish signs. This is based on current trends and price movements
- Coin technical analysis for Siacoin shows an upward trajectory for the next seven days. The token is likely to trade in the green at its maximum by August 15, 2024, hovering around $0.05 until that date
- The downward trajectory is projected to initiate on August 19, 2024, with the first fall of 0.60%. Hence, bearish market sentiment is introduced on the SC forecast
- SC’s historical price performance better supports its pairing with the US Dollar, even though it has seen downsides in the last seven days. At the press time, that is a fall of 1.63% in a week
- Market sentiments for the milestone of $1 do exist but with little hope. That will be a jump of over 19,000%. No SC price forecast has, so far, put forward that number on the table
- Market sentiments for Siacoin, or any other cryptocurrency for that matter, are subject to change based on several factors like market trends and economic conditions
Conclusion
Siacoin (SC) from the Sia ecosystem has emerged as one of the ideal cryptocurrencies in the market. However, it has been determined to fetch better returns in the long term. Depending on one’s investment objectives, now could be the time to hold.
FAQs about Siacoin
What is the price of Siacoin(SC) as of today, 13 September 2024?
The price of Siacoin as of today, September 13, 2024, is $ 0.004339, reflecting a 99.91% increase in the past 24 hours.
What is the price of 1 Siacoin?
The price of 1 Siacoin is 0.0044.
What will Siacoin be worth in 2025?
Siacoin is predicted to be worth an average of $0.006407 in 2025. It could also trade within the range of $0.004124 and $0.008690.
Where to buy Siacoin coin?
Siacoin can be bought from exchange platforms such as Huobi Global, UpBit, and Binance.
How to use Siacoin?
Siacoin can be used to pay for services within the Sia ecosystem or take rewards to accounts for providing storage services.
Should I buy Siacoin based on price prediction?
Price predictions for Siacoin are only for reference. Decisions to buy SC or any other crypto should be based on research and risk tolerance.
Will SC prices go up?
The price of Siacoin is projected to go up in the future; however, it might experience a phase of stagnant token value.
Will gold beat Siacoin this year?
Gold will have an upper hand this year compared to Siacoin. Therefore, it could be easy for Gold to become a Siacoin in 2024.
Will Siacoin be a good long-term investment?
Siacoin is projected to fetch decent returns in the long term, as per expert opinion and market analysts.
How does historical price data affect SC’s future predictions?
The historical price data of Siacoin (SC) helps to draw a pattern and understand the basic trend. This backs future predictions of the utility token of the Sia ecosystem.