Siacoin (SC) had a comparatively good year in 2021. The token gained 23.5% in value and ended the year at $0.015, as per CoinGecko. However, SC has gone down by 30.6% since the beginning of 2022.
How will the current year turn out for Siacoin?
Let’s find out!
What is Sia?
Sia is a decentralized cloud storage platform. It allows businesses to store data and information across a network of storage providers. Additionally, the network is decentralized or devoid of any intermediary.
It uses blockchain technology to function, and encryption to secure files. Best of all, Sia is far more affordable than traditional cloud storage providers.
Sia is proud to support 'The Uncensored Library' by @RSF_inter. This library filled with books that were censored is now available again for people around the world
— Skynet Labs (@SkynetLabs) March 30, 2020
What is Siacoin (SC)?
SC serves as the native token of the Sia platform. Storage buyers can use the token to pay for their charges. Additionally, SC facilitates the operation of the blockchain and the entire Sia storage infrastructure.
It is available for purchase in different cryptocurrency exchanges.
Siacoin Price Analysis for 2022
SC is currently trading at $0.010, as per CoinGecko. Additionally, the coin gained by 12.2% in the last seven days and 9.2% in the past 24 hours.
How will SC perform for the rest of 2022?
As per PricePrediction, SC may sell for $0.012 in May. They also feel the maximum price could reach $0.013 and the minimum maybe $0.011. However, the token may gain in value and climb to $0.013 in September or be priced at the highest of $0.015. Best of all, PricePrediction thinks SC would not sell for less than $0.013 in September 2022. Additionally, they predict the coin to add more value and list at $0.014 in December. Moreover, they feel the minimum and maximum prices could be $0.014 and $0.016 respectively.
Now, let’s check out the predictions of Wallet Investor. They forecast SC to surge in value and amount to $0.020 in May 2022. Additionally, the highest and lowest prices could be $0.011 and $0.029 respectively. By September, Wallet Investor feels the token may add more value and become $0.014. Moreover, SC could trend for a maximum of $0.023 and a minimum of $0.004. In addition, the coin could gain value and amount to $0.015 in December. They also predict the highest and lowest prices to be $0.024 and $0.005 respectively – Wallet Investor definitely thinks that SC is a good option for a one-year investment.
Lastly, let’s take a look at what Digitalcoin has to say. They think SC could sell for $0.013 in March 2022 and climb to $0.014 by May. In September, Digitalcoin feels the token may maintain a similar price range of $0.014. They also predict the price of SC to stay the same in December 2022 at $0.014.
Siacoin has gained a lot of attention for its potential. The predictions we covered all point to an increasing trend in 2022. Therefore, SC may gain value and sell at a higher price in the coming days. However, the opposite can also happen due to the volatility of cryptocurrencies.