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9 months ago
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ARTICLE AD BOX
- Bullish SC price prediction for 2024 is $0.020136 to $0.037972.
- Siacoin (SC) price might reach $0.05 soon.
- Bearish (SC) price prediction for 2024 is $0.005759.
In this Siacoin (SC) price prediction 2024, 2025-2030, we will analyze the price patterns of SC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
SIACOIN (SC) PRICE PREDICTION 2024 |
|
| SIACOIN (SC) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Siacoin (SC) Current Market Status
| Current Price | $0.009591 | 24 – Hour Price Change | 4.20% Down |
| 24 – Hour Trading Volume | $178,208,301 |
| Market Cap | />$541,904,787 |
| Circulating Supply | 56,505,150,929 SC | All – Time High | $0.1117 ( On January 06, 2018) |
| All – Time Low | $0.00001131 (On December 01, 2015) |
What is Siacoin (SC)
| TICKER | SC |
| BLOCKCHAIN | Siacoin |
| CATEGORY | Decentralized storage |
| LAUNCHED ON | June 2015 |
| UTILITIES | Governance, security, gas fees & rewards |
Siacoin (SC) is the native cryptocurrency of the Sia network, a decentralized cloud storage platform. Utilizing blockchain technology, Sia allows users to rent and provide storage space in a peer-to-peer fashion through smart contracts. These contracts, executed on the Sia blockchain, ensure secure and efficient transactions between storage providers and users.
Siacoin serves as the primary medium of exchange within the network, used for renting and compensating storage services. The platform employs redundancy and encryption to enhance data security, splitting and distributing files across multiple hosts. While Siacoin’s underlying technology aims to provide a more cost-effective and decentralized alternative to traditional cloud storage, it’s essential to stay updated on developments in the dynamic cryptocurrency space for the latest information on Sia and Siacoin.
Siacoin 24H Technicals
(Source: TradingView)
Siacoin (SC) Price Prediction 2024
Siacoin (SC) ranks 130th on CoinMarketCap in terms of its market capitalization. The overview of the Siacoin price prediction for 2024 is explained below with a daily time frame.
SC/USDT Three Phase of Market (Source: TradingView)
In the above chart, Siacoin (SC) laid out a three-phase of market pattern. Market patterns often follow a three-phase cycle: contraction, expansion, and markup. In the contraction phase, the market experiences a period of consolidation and reduced volatility, reflecting indecision among participants. This phase is marked by a narrowing of price movements and often precedes a significant market move. The expansion phase follows, characterized by a breakout from the consolidation, leading to increased volatility and a clear directional trend. During the markup phase, prices continue to rise as the trend strengthens, driven by buying interest.
Traders use technical analysis to identify these phases, employing tools such as trendlines and support/resistance levels. Recognizing the contraction, expansion, and markup phases allows market participants to make informed decisions, optimize entry and exit points, and manage risk effectively in response to evolving market conditions.
At the time of analysis, the price of Siacoin (SC) was recorded at $0.009591. If the pattern trend continues, then the price of SC might reach the resistance level of $0.014350, and $0.026943. If the trend reverses, then the price of SC may fall to the support of $0.009262.
Siacoin (SC) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Siacoin (SC) in 2024.
SC/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Siacoin (SC) for 2024.
| Resistance Level 1 | $0.013594 |
| Resistance Level 2 | $0.023257 |
| Support Level 1 | $0.007995 |
| Support Level 2 | $0.004183 |
SC Resistance & Support Levels
Siacoin (SC) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Siacoin (SC) are shown in the chart below.
SC/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Siacoin (SC) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.010543Price = $0.010023 (50MA > Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 44.480153 <30 = Oversold 50-70 = Neutral>70 = Overbought | Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Siacoin (SC) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Siacoin (SC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
SC/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Siacoin (SC).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 46.145751 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 52.30 <50 = Low >50 = High | High volatility |
Comparison of SC with BTC, ETH
Let us now compare the price movements of Siacoin (SC) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs SC Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of SC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of SC also increases or decreases respectively.
Siacoin (SC) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Siacoin (SC) between 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Siacoin (SC) Price Prediction 2025 | $0.06 | $0.003 |
| Siacoin (SC) Price Prediction 2026 | $0.07 | $0.002 |
| Siacoin (SC) Price Prediction 2027 | $0.08 | $0.001 |
| Siacoin (SC) Price Prediction 2028 | $0.1 | $0.0009 |
| Siacoin (SC) Price Prediction 2029 | $0.13 | $0.0008 |
| Siacoin (SC) Price Prediction 2030 | $0.15 | $0.0007 |
Conclusion
If Siacoin (SC) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Siacoin (SC) price prediction for 2024 is $0.023257. Comparatively, if unfavorable sentiment is triggered, the bearish Siacoin (SC) price prediction for 2024 is $0.004183.
If the market momentum and investors’ sentiment positively elevate, then Siacoin (SC) might hit $0.05. Furthermore, with future upgrades and advancements in the Siacoin ecosystem, SC might surpass its current all-time high (ATH) of $0.1117 and mark its new ATH.
FAQ
1. What is Siacoin (SC)?
Siacoin (SC) is the native cryptocurrency of the Sia network, a decentralized cloud storage platform.
2. Where can you purchase Siacoin (SC)?
Siacoin (SC) has been listed on many crypto exchanges, including Binance, Huobi, Upbit, Bittrex, OKEx, and HitBTC
3. Will Siacoin (SC) reach a new ATH soon?
With the ongoing developments and upgrades within the Siacoin Platform, SC has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Siacoin (SC)?
On January 06, 2018, SC reached its new all-time high (ATH) of $0.1117.
5. What is the lowest price of Siacoin (SC)?
According to CoinMarketCap, SC hit its all-time low (ATL) of $0.00001131 on December 01, 2015.
6. Will Siacoin (SC) reach $0.05?
If Siacoin (SC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.05 soon.
7. What will be Siacoin (SC) price by 2025?
Siacoin (SC) price is expected to reach $0.06 by 2025.
8. What will be Siacoin (SC) price by 2026?
Siacoin (SC) price is expected to reach $0.07 by 2026.
9. What will be Siacoin (SC) price by 2027?
Siacoin (SC) price is expected to reach $0.08 by 2027.
10. What will be Siacoin (SC) price by 2028?
Siacoin (SC) price is expected to reach $0.1 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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