In recent times, cryptocurrency has become a substitute for many traditional securities as according to various financial experts. And with the likes of Dogecoin and Bitcoin, this assumption has become a reality. With the increasing traffic on the crypto market, numerous digital coins are affordable and hold great future potential. One such coin is Siacoin. Today we’re going to discuss the origin of this coin, its current market position which will be followed by Siacoin price prediction.
Let’s get straight into it…
What is Siacoin?
Siacoin is basically the native coin of a blockchain-based decentralized cloud storage platform known as Sia. The platform was developed and launched in June 2015 by two college friends, David Vorick and Luke Champine. According to the official website, the platform is an affordable substitute for big players in the market like Amazon. The website states that it costs only $1-2 a month for a user to store data of 1TB on Sia compared to $23 charges of Amazon S3 for the same services.
Users pay for enabling the services and that is where Siacoin comes into play. Cloud storage is a serious concern now because of the expansion of connectivity and content. That concern will surely a big factor in Siacoin Price prediction.
Current Market Situation
At the time of writing this piece, Siacoin is enjoying the market surge as it has witnessed a growth of more than 6.50% in the last 24 hrs, trading between $0.017-0.020. The coin is currently placed at #89 as coinmarketcap rankings.
This surge will hold great importance while Siacoin Price prediction.
Siacoin Price Prediction
- Ripplecoinnews says that the coin could trade at $0.04 by the end of this year and by the end of 2025, the coin would reach the mark of $1.50.
- Walletinvestor forecasts the price of the said coin to be $0.080 by the year 2026 and investors can get $426 against the investment of $100.
- Digitalcoinprice predicts that by the end of 2025, the coin would trade at $0.0580.
For some analysts, it is slow-growing and for others, it is fast-growing but all in all the coin holds great potential. It is unlikely that it would touch $1 anytime soon but the numbers are pretty satisfying. Good knows, maybe we’ll be talking about this token like we talk about Dogecoin now in the future.
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