Price Analysis

Siacoin (SC) Price Analysis: Will Siacoin Establish A Firm Position In The Cryptomarket?

eToro
  • Siacoin network to fully back its Filebase & Goobox platforms for file storage
  • Siacoin continues to move within the range of $0.050

Siacoin has made it possible to store & transfer files in seconds. Recently, the company made updates on its file storage platforms, including Filebase and Goobox, which will now operate completely on Siacoin’s network. This led to a price surge post which the coin value has dropped down. Siacoin’s SC started the year 2019 at a price of $0.026, and it has grown over 2X times in the month of May with the introduction of platforms like Goobox. The current market trend portrays a positive picture.

Siacoin Price Statistics:

Siacoin Price Chart

In the last 15 days till May 26, 2019, the price of Siacoin has shown an upward trend of over 27% moving from $0.0029 to $0.0036. In the last 2 days, however, the price of the coin has moved slightly on the lower side to $0.0035. In the past month, the coin value has shown an upward trend and peaked as high as $0.30. As on May 28, 2019, at 09:16:59 UTC, the market cap of Siacoin is noted at $146,489,268. The price of the coin is trading at 0.00000041 BTC & $0.0035. The ROI of the coin is justified at 7,714.17% and the 24 h volume has reached $2,705,888. The circulating supply of the coin is noted at 40,863,971,372 SC.

Siacoin Price Prediction:

As per the latest trends, the price of Siacoin is likely to rise up to $0.060 by the end of 2019 and may go as high as $0.9 USD in the next 2 years.

Conclusion:

Siacoin can prove to be a beneficial bet in the future as the demand for blockchain based file storage system increases, and hence buying the coin when the prices are low is a good option. The long term sustenance of the coin will lead to good returns in the next 5 years.

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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