Important: This Siacoin (SC) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their SC price forecast outcome differently. Hence, we strongly suggest doing your own research before buying SC.
Read CRYPTONEWSLAND onThe crypto space continues to move in a sideways direction due to the market depression that the world is currently experiencing lately. This decline is bought by different factors that are currently happening right now globally. However, despite the challenges that the crypto market is experiencing now, there are many crypto assets that remain strong.
Siacoin (SC) is one of the digital assets in the space that keeps moving aggressively. As a result, more and more investors and traders are getting curious about the crypto and its technology.
Do you think SC will be able to maintain its position against the bearish market and further advance its position this year? Don’t worry; we got you. We did an analysis that could help you check if SC is a potential crypto to invest in this year.
| Cryptocurrency | Siacoin (SC) |
| Token | SC |
| Price | $0.00974893 |
| Market Capitalization | $492,406,960 |
| Total Supply | – |
| Trading Volume | $19,203,990 |
| All-Time High | $0.092868 |
| All-Time Low | $0.00001262 |
Siacoin (SC) is a crypto asset that uses blockchain technology. It is a decentralized storage platform that secures users data in a cloud. There is no sign up, no servers and no trusted third parties in the platform needed to run the network. Furthermore, SC leverages blockchain technology to create a robust and affordable data storage market place.
Now that we already have some background about Siacoin, do you think SC will continue to maintain its top position in the market? Are you already interested? Therefore, join me in this CNL Siacoin price prediction from 2022 to 2025.
The chart above explains how Siacoin (SC) maintains its decent position despite the market downtime. In detail, SC continues to move with the Arnaud Legoux moving average (ALMA) indicator, a bullish signal. If this trend continues, SC might be able to break its resistance level of $.009 and head towards the second resistance level of $.012, a level that is just +39% away from its current position.
If it does, SC will be entering the bullish area where the doors going to the bullish price from $.02 to $ .09 awaits. Indeed, this is an event that will drive the SC community into a frenzy mode.
On the other hand, we can see in the chart above how SC dominated the crypto market last April 2021. To be exact, the crypto was able to rocket its price to over +1000% that made it record an ATH price of $.09. If SC can once again pull itself together and pump its price like what it did before, the price of SC might explode. In short, SC price could reach the bullish price of $0.15 in no time within this year or even fly higher to $.20.
But of course, always remember that this price forecast of SC still depends on the market condition and the response of its investors in the network.
Meanwhile, the crypto’s Relative Strength Index (RSI) is still within the 70/30 range. In short, Siacoin is neither overbought nor oversold. This means that users can trade with confidence without the fear of any major price reversal. However, if the price of SC goes beyond the 70/30 range again, traders might experience a bearish scenario with strong volatility.
Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for Siacoin amounts to $0.013.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for SC amounts to $0.0174.
Siacoin price prediction 2023 is up to $0.0153 (estimated)
Siacoin price prediction 2024 is up to $0.0159 (estimated)
Siacoin price prediction 2025 is up to $0.0209 (estimated)
Siacoin price prediction 2026 is up to $0.0187 (estimated)
Conclusion
Siacoin continues to gain popularity among traders and investors in the crypto space. Therefore, the conclusion for the SC price prediction in 2022 amounts to $0.10. However, this forecast still depends on how the market will treat Siacoin in the future.
Siacoin is one of the leading decentralized cloud storage networks in the crypto space nowadays. Through this, we can say that Siacoin has the potential to be a good investment in the next months of the year.
The price status of SC depends on many different factors, one of which is the current market situation. If Siacoin is able to invite more traders and stakers to the platform, there is a big chance that the price of SC will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the Siacoin network, an event that is very uncontrollable.
The Siacoin crypto is one of the most iconic projects in the space. The Binance exchange is one of the famous crypto exchanges supporting SC crypto.
Yes, SC is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
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