Price Analysis

Siacoin Price Analysis: Siacoin (SC) Price Continues to Fall, No Sign of Recovery

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Siacoin (SC) continues to fall in the fifth consecutive day. The currency tried to recover yesterday in the second half but was again pulled down. Siacoin (SC) is experiencing a huge downfall from the beginning of the month.

Siacoin (SC) is maintaining a support level at $0.0030. The future of coin shows no positive result. Moreover, there has been no news about Siacoin (SC) in relation to upcoming businesses or ventures.

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The coin is considered a volatile in nature. Hence there could be a chance of a steep jump in price, but the prediction is astronomical.

Let’s have a look at the stats of Siacoin (SC):

  • The Siacoin price is $0.003121 USD.
  • The ROI is marked as 6,721.02%.
  • The coin is the 60th rank in the crypto chart.
  • The market capitalization stands at $127,926,076 USD.
  • Siacoin (SC) 24hr volume is marked as $1,855,414 USD.

Siacoin 5-Day Price Chart – TradingView

Siacoin 5-Day Price Chart - 6 June

As per 5-day data the TradingView chart of 6th June 2019 at 09:46 UTC, the coin has dropped from $0.0037 to $0.0030, which indicates a drop by 19%. The coin usually popular for a sudden hike and sudden drop, but the same is maintained for a quiet a long time, but this time the price drop has alerted the movement of Siacoin (SC).

1-Day Price Chart of Siacoin:

1-Day Price Chart of Siacoin - 6 June

Talking about yesterday’s chart movement, then the price of Siacoin (SC) touched a high of $0.0032 during the first hour of the morning. Later, the token dropped to $0.00299, which indicates a drop by 8%. Today, the coin marked an opening of $0.00327. Presently, the coin is at $0.0030, which is again showing a decline in price by 7%.

Siacoin Price Prediction and Conclusion:

Siacoin (SC) is likely to remain the same in the coming days. However, the trend could catch up a recovery mode towards the end of June and remain same till the first week of July.

Due to the volatile nature of Siacoin (SC), it is highly recommended to diverge the investment to deteriorate the risk. People who are interested in the coin can purchase the coin as $0.0030 is considered to be the best price for Buy-in.

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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