Price Analysis

Siacoin Price Analysis: SC at $0.003, Blood Rush in Siacoin Price Charts

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The price of Siacoin (SC) continues to fall in the 5th consecutive day. The price is currently dealing at $0.003, which has lifted many eyebrows in the market.

Siacoin uses Blake2b hashing algorithm and is a PoW (Proof of Work). The current price drop is astounding for marketers and investors. The same has left us with a question of whether the price of Siacoin (SC) will be able to recover anytime soon.

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The coin is at the 59th position in the crypto market chart, and the market capitalization is at USD 129,694,069.

Siacoin Price Statistics:

The chart is taken from Trading View on 5th June 2019 at 08:56 UTC for price analysis.

Siacoin Price Chart - 5 June

Siacoin Statistics:

  • The all-time high of Siacoin SC is 0.111708 USD which was attained on 01 January 2018.
  • The 24hr volume of Siacoin (SC) stands at 2,531,617 USD.
  • Circulating supply is marked as 40,969,611,564 SC.
  • The ROI stands positive at 6,817.44%.
  • The USD price of Siacoin (SC) is 0.003166 USD, and the BTC price is 0.00000040 BTC.

The price chart of Siacoin (SC) is indicating a clear regression from the starting of the month. Although Siacoin (SC) is a volatile currency, towards the end of May 2019, it was struggling to maintain stability.

The price of Siacoin (SC) on 1st June 2019 was $0.0037, and now it is at $0.0030, a clear drop is marked by 18%.

Siacoin Price Predication and Comparison:

If we compare the price from the last month, we will get a more precise picture. Last month, on 10th May, the price of Siacoin (SC) was $0.002421, and now it is at $0.003060. The increase in the price is noted by 26%.

In the coming months, if Siacoin (SC) recovers fast and comes up to $0.005, then we could expect that the year 2019 will give some result. Otherwise, Siacoin (SC) is expected to remain the same.

Conclusion:

Siacoin (SC) has no upcoming business venture or any related news. Hence, predicting the return will be astronomical. For the people interested in Siacoin (SC), we would suggest for splitting up the investment to cut short the risk.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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