Bullish Siacoin price prediction ranges from $0.0053 to $0.0272.
Siacoin price might also reach $0.08 soon.
Siacoin bearish market price prediction for 2022 is is $0.0029.
This Siacoin(SC) Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our SC price analysis and prediction.
There are many cryptocurrencies that surged to a new all-time high during the 2021 bull run. In contrast, some crypto also experienced a downtrend. However, Siacoin (SC) has not been able to break its all-time high price that it attained in January 2018, though its investors had lost 65.2% of their investment in the past one year. Therefore, many cryptocurrency investors and traders are confused about whether it is time to hold or sell their crypto for a good price. This might be the same scenario for SC traders and investors.
Nevertheless, the cryptocurrency market is consolidating lately, and most cryptocurrencies are losing their previous gains. Is the scenario the same with the SC price? We’ll find out shortly in this SC price analysis 2022 article. But first, let’s have a look at what SC is.
What is Siacoin (SC)?
Siacoin (SC) is the native utility token of Sia, a blockchain-related distributed, and decentralized cloud storage platform. More so, Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. The Sia blockchain is preserved by using the proof of work algorithm.
Moreover, agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for storage payment on the network. However, the main goal of the project is to become the ‘backbone storage layer of the internet.’
Now that we have an idea about SC, do you think SC will be profitable crypto in 2022? Join me and let us see the charts in this SC price analysis and SC price prediction.
Siacoin Current Market Status
As of the time of writing this Siacoin price analysis, SC trades at $0.0042 with a 24-hour trading volume of $4,011,175. The price of SC has increased by 7.08% in the last 24 hours.
Furthermore, SC has a current circulating supply of 51.53 billion SC according to CoinMarketCap. Currently, the top cryptocurrency exchanges for SC are Binance, OKEx, Huobi Global, FTX, Kraken, Gate.io, and Upbit.
Now, let’s proceed to the next part of this SC technical analysis for 2022.
Siacoin (SC) Price Analysis
Currently, Siacoin holds 156th place on CoinGecko. But will the latest upgrades, development, and changes in the SC blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this SC price prediction article.
SC/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for SC/USDT, we can deduce that the price of Siacoin might get bullish in some days since the price is in the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.
SC/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 54.53. This shows that Siacoin is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.
SC/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)
From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlestick, the next bullish run might be wide.
Siacoin (SC) Price Prediction 2022
The chart below shows that Siacoin price has increased in the past few days. As a result, the SC price has surged by 9.1% in the last 14 days. If this trend continues, SC might run along with the bulls, overtaking its $0.0053 resistance1 level and climb higher to $0.0272 at the resistance10 level, the 2022 bullish signal.
SC/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)
Conversely, if the investors turn against the crypto, the bears might take over and dethrone SC from its uptrend position. In simpler terms, the price of SC might plummet to almost $0.0029, a bearish signal.
Meanwhile, our long-term SC price prediction 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $0.1117 this year. However, this will only happen if it breaks many previous psychological resistances.
If this bullish trend continues, SC will reach $0.0272 by the end of 2022. Moreover, in July 2022, SC is going to show fast growth, up to $0.0053 at resistance4. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.08 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Siacoin (SC) Price Prediction 2023
If Siacoin (SC) holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.14, making it not plummet but play consistently.
Siacoin (SC) Price Prediction 2024
As per the latest upgrades, developments, SC price prediction, and new project forecasts of the platform, SC investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of SC in the crypto market, and it will be the best investment as the price can spike and reach around $0.3.
Siacoin (SC) Price Prediction 2025
In the next three years, SC prices could race up to $0.8. However, reaching this level could not be so difficult for SC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SC has a high possibility of reaching a new ATH soon in the next three years as per the prediction.
Siacoin (SC) Price Prediction 2026
By 2026, the price of SC would reach $1 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
Siacoin (SC) Price Prediction 2027
As per the latest upgrades, developments, SC price prediction, and new project forecasts of the platform, SC investors could expect many partnerships and integrations around 2027. Moreover, this might boost the price of SC in the crypto market, and it will be the best investment as the price can spike and reach around $2.
Siacoin (SC) Price Prediction 2028
In the next six years, SC prices could race up to $4. However, reaching this level could not be so difficult for SC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SC has a high possibility of reaching a new ATH soon in the next six years as per the prediction.
Siacoin (SC) Price Prediction 2029
As per the latest upgrades, developments, SC price prediction, and new project forecasts of the platform, SC investors could expect many partnerships and integrations around 2029. Moreover, this might boost the price of SC in the crypto market, and it will be the best investment as the price can spike and reach around $6.
Siacoin (SC) Price Prediction 2030
In the next eight years, SC prices could race up to $8. However, reaching this level could not be so difficult for SC as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SC has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.
Conclusion
Siacoin has a bright future ahead of it in 2022 to 2030. With the ongoing developments happening within the SC ecosystem, as well as in the overall crypto market, we may see SC reach new heights.
Bullish SC price prediction 2022 ranges from $0.0053 to $0.0272. Moreover, it may even reach $0.08 if investors have decided that SC is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Siacoin (SC) is the native utility token of Sia, a blockchain-related distributed, decentralized cloud storage platform. More so, Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space.
Users can obtain SC tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, Huobi Global, FTX, and Upbit.
SC is a good investment in 2022. Above all, SC has a low possibility of surpassing its current ATH this year.
Siacoin (SC) price is expected to reach $0.051 by 2022.
Siacoin (SC) price is expected to reach $0.14 by 2023.
Siacoin (SC) price is expected to reach $0.3 by 2024.
Siacoin (SC) price is expected to reach $0.8 by 2025.
Siacoin (SC) price is expected to reach $1 by 2026.
Siacoin (SC) price is expected to reach $2 by 2027.
Siacoin (SC) price is expected to reach $4 by 2028.
Siacoin (SC) price is expected to reach $6 by 2029.
Siacoin (SC) price is expected to reach $8 by 2030.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
Recommended Articles
ZRX Price Prediction – Will ZRX Hit 2$ in 2022?Siacoin Mining: How to Mine Siacoin – Siacoin Mining PoolsVerge Price Prediction – How High Will XVG Reach in 2022?The GRAPH Price Prediction Forecast — Will GRT Price Hit $5 in 2022?VeChain Price Prediction — How Much Will VET Be Worth This Year?