Some price predictions SiaCoin made at the beginning of the year stated that SC would hit $ 1 by the end of the year. At this point, it seems very unlikely. However, it is not impossible for this growth to occur at some point in 2019. The currency itself has a lot of potential on its own, as it seems rather immune to high volatility rates.
SiaCoin (SC) is one of the few altcoins that attracted much attention in 2018. It is a project that aims to create a decentralized cloud storage services platform. In fact, many already call it cloud storage Airbnb.
In short, the project allows users to rent unused hardware space to other users. Those who require additional storage space can use this space to store their data on the computers of others. Of course, all this is done with heavy encryption that can ensure that archived files remain secure and private. Only the person who uploaded the files can access them in their entirety and decrypt them.
Even if the network has been developing for some time, it still does not offer many features that users have become accustomed to on Google Drive, Dropbox and similar services. However, the project continues to grow and develop, while at the same time continuing to gain more and more supporters.
The ability to archive files on a cloud service has become of great importance for the modern Internet. However, when using centralized services like Google Drive, users can never be completely sure that their information is truly secure. This is why this project is so popular and why many hope to see it reach its full potential as soon as possible.
Price forecast SiaCoin
Considering how much potential this project has, many people are interested in how this will reflect on the price of SC. Many investors are interested in the currency, as well as in this project in general, which is why the forecasts on Siacoin prices are in great demand.
At the time of writing, the SiaCoin price is a $ 0.006482and the currency has fallen by 0.11% in the last 24 hours. While this is a very low price at the moment, it is also seen by many as an opportunity to get a lot of cheap SC coins.
SiaCoin reached its highest price again in January when it managed to reach almost $ 0.10. However, at that point, the currency was still new, and barely known by a small group of investors. Since then, the project has received much more attention and support, and its community has grown exponentially. Unfortunately, most of its development occurred in 2018, which was for most of its bearish length, so the currency never had the opportunity to grow properly.
Since the drop in prices in January, SC has only had a big spike in May. In addition to this, the currency has been very stable, with the least price movement.
Other price forecasts point further into the future, making different assumptions for the years 2020, 2023 and the like. However, these predictions are not reliable due to several factors. For example, the entire market must be considered, instead of making calculations based on the potential of a single currency. This is proof of this, with all the coins rising or falling together.
Apart from this, the cryptographic space remains unstable and unregulated and can not be expected to follow any program. The most realistic forecasts see SiaCoin reach the value of $ 0.0137 to $ 0.025 in 2019. In the case of a correct bull run, its value could easily exceed those expectations. Otherwise, this is what many experts agree on.
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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