What is Siacoin?
It is decentralized Cloud Storage platform based on blockchain technology. Siacoin offers best affordable cloud storage services in the market, where there is no need create account, server and third-party involvement. Basically, the aim of Siacoin is creating most efficient, user friendly, cheap and secure storage platform.
Siacoin working is simple the platform connect user who want share unused hard drive storage with the user who wanted storage, in which blockchain provides security for users and host. So, vision is clear on platform you will have full control over data and storage that minimize risk of data misplacing, hacking.
Nebulous Inc. is parent company who launched Sia platform in 2015 which based in Boston. The original idea behind launching Siacoin is of David Vorick and Luke Champine.
Siacoin Price Prediction
|Month & Year||SC Price Prediction|
|Based on||Cloud Storage Blockchain|
|All-time high||$0.111708 USD|
|Exchange Platform||Binance, Upbit, Bittrex, Kraken, HitBTC, Digifinex, Huobi Global, CoinEx, Vcc Exchange, OKEx, Bittrex, BigONE, WazirX|
|Wallet||Sia Wallet, Ledger.|
Siacoin ICO Overview
|Date of ICO||NA|
|Partners||Transak, Clearcenter, Render Token, Quant Network|
Siacoin Price Analysis
Siacoin has put moderate performance in this year, started new year by at $0.0012 USD and showing consistent growth coin reaches to $0.0034 and obtained price change of 134%. as of today, this is best figure for year 2020, but that wasn’t last for long time because after that Siacoin almost dropped below $0.0010 USD which was the lowest trading price of last 1 year of SC coin run.
As last of week of April 2020 was really good for cryptocurrency and from top 100 list Siacoin was in the list of top 10 highest gainer of week, as Last few days cryptocurrency market is full of ups and down, as Bitcoin was almost about cross $10k but again dropped below $8k, as Bitcoin Halving is one the way and that can help to put dominate performance in May 2020, as Siacoin was one of the oldest cryptocurrency was launched in 2015, this will help to get some percentage of growth along with Bitcoin.
Siacoin in last one year pretty consistent for rapid fluctuation in prices, in which $0.0025 USD average value achieved most of Siacoin, so considering this trading price as safe price you should buy Siacoin below $0.0020 USD that can surely give you minimum 25% ROI with maximum Holding time of 1.5 to 2 months, as of today price is already on the line average price and looking forward for rest of year there are lots of possibility with SC coin, as they recently launched Skynet which takes 20 year of efforts to build, as it is based on decentralized content delivery network and file sharing platform and this will be consider as small contribution to free internet concept. So from now onwards Skynet will be permanent for solution for data and application operation and that will be plus point for Siacoin in the future.
Just like other vintage cryptocurrency there no data on how much total supply left for Siacoin, as Siacoin is still holding all time highest price record of $0.11 USD since Q1 of 2018, as there was no big growth not seen, as comparing with 2018 there lot to recovery in terms of growth rate and capitalization, but in positive factor Siacoin still holding 64th ranked in the top crypto list and that is helping to get average per day $6 million market cap.
Owner of Siacoin is David Warvick who launched siacoin in early period where cryptocurrency most being used for transaction only and that time this coin was having aim to create network that can help both users and investor also, as after that Siacoin is transformed into Decentralized cloud storage provider and now become one of the best cloud storage provider of recent times, as we know cloud storage becoming popular with time, and many of people looking for cheap and more trustable services because Data is always valuable as some of private things also there, so with the help of Blockchain without giving up on Security user can store data, as Siacoin offering marketplace to creating data providers as they already having more than 300 storage provider with 804TB currently used storage with 1.1 million data is download, as most of Cloud storage provider cost more than $10 USD but Siacoin providing cloud storage starting from $2 to $3 USD, which might cheapest in current world market.
Siacoin always create challenges to their developer as more than 1 million Siacoin is the reward of DeFi Skynet hackathon challenge, where developer need to create open source application integrated with Siacoin, where data can be store and shared to user, as there are some application should be interesting and likely to tested by real users.
The payment option are in the wide ranged, as there will always one-time payment and amount will be non-refundable, as they believe it can lower the risk of hacking or fraud in the marketplace, as reward they are offering is really great way for appreciate developers, as far as cloud storage in mind Siacoin project driving most user into their network place, as along with storage they offering some basic need such as backup your old files or data at any time.
as with customer feedback, they also doing pretty changes in network so customer can stay in the network without looking for other respective option, as due to transaction takes place in the marketplace there is always create fluctuation in marketplace and that will be noticeable in upcoming years, as 2019 was the disaster year for cryptocurrency due to China and India banned and most of frauds and hacking cases register but now things are change Crypto back to the business making world more secure with payments.
Talking about history Nebulous Inc. is parent company of Sia, as they are currently holding more than 8k Siafunds, as Siafunds is second active token in the ecosystem, which was launched to benefit Siacoin price growth, as initially Siafunds was sold in crowdfund and then after that Sia raised by over $1.6 million worth with involvement of different companies such as Procyon Ventures, Raptor Group and james Pallota’s company and then 2019 Sai raises almost $3.25 USD million seed with Bain Capital Venture and then finally Sia makes announcement of settlement with SEC regarding Siafunds in October 2019.
As companies like Dropbox, Apple, Google already enter into market and they are doing things making new innovation with the multiple talented employee, so for being top Siacoin must be focus on giving control of data, lower hacking attacks, data management.
How much Siacoin worth in 2030?
Probably $3 to $5 USD
How much SC Worth in 2025?
Will Siacoin Reach $10 USD?
May be in 2040.
How much siacoin worth in 2050?
Ans: nearly 30 year from now and will be trading at $25 USD.
Is Siacoin a Good Investment?
Yes, better you earn token with sharing unused storage.
Siacoin aiming to replace traditional cloud storage platform like Dropbox, Apple, Google and other third party-based companies. Siacoin not controlled by single entity, as it is decentralized network means there is no involvement middle-person. However, security is always concern in cloud storage so with blockchain data security will be improved that minimize risk of hacking.