Price Analysis

Siacoin Price Analysis: Has Siacoin (SC) Undertaken a Tough but Unique Task of Decentralizing the Cloud Storage Services?

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  • Siacoin’s first commercial cloud storage service has seen a huge growth in the last 30-days.

Siacoin (SC) is aimed at providing an alternate and decentralized cloud storage platform and is in direct competition with tech giants like Dropbox, Amazon S3, and Google Drive. Particularly, it is aimed at dis-integrating the digital asses to maintain the anonymity of personal data.

Siacoin Price Statistics:

Siacoin price chart -May 30

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  • Siacoin is currently trading at a price (USD) 0.0038 USD on May 30, at UTC 08:44, having ROI of 7,876.16% at present.
  • The price (BTC) of Siacoin at the mentioned UTC is 0.00000042.
  • The current market ranking of Siacoin (SC) is 57th. Along with that, the total Market Cap of the altcoin is 149,258,341 USD.
  • Additionally, the 24-hrs volume of the cryptocurrency is 6,475,690 USD.
  • In addition to that, the circulating supply of the cryptocurrency is 40,891,393,425 SC coins.

Siacoin Comparison:

As a standard procedure, let’s compare today’s price of the altcoin with a price observed 25-days back. In accordance with that, on May 05, the price of Siacoin (SC) was 0.00261 USD; nevertheless, its value hiked by almost 45.59% in the given time frame. There were huge ups and downs in the value of the crypto in the last month, as highlighted in the graph. However, there is an upward shift from the 2nd week of May, and the trend seems to be moving towards the bullish zones.

Siacoin Price Prediction:

Bitcoin is the focal point of the crypto market, and a lot depends like all other altcoins, the action in Siacoin is linked closely with BTC. At present, BTC has a bullish market sentiment, and so does Siacoin (SC). Looking at the current standings, it seems to be a good time for extending the holdings.

 

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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