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- The Siacoin was created by Nebulous Labs on 14 May 2015. It is a decentralized cloud storage crypto platform.
- It provides rental storage space to Siacoin users. Its total venture capital funding till now is $1.25 Million.
- The companies involved are Raptor Group, Five Star Ventures, Fenbushi Capital, and Xiaolai Li.
Overall the coin is in a downtrend and it was down by 17.61% last year. The coin price fluctuates very quickly.
Technical Analysis of SCUSD
Source: BINANCE: SCUSD byTrading View
The token in 1-D time frame analysis is going in the downtrend only. In today’s session, it is up by 0.56%.
The all-time high was made on 17 April 2021 which was around $0.063986. Its all-time low was made on 14 November 2022 which was around $0.002129.
It might continue its fall in the future. The reason for the fall can be that it might make another resistance point on the trend line and carry its downward momentum.
The F & I Index, the Fear & Greed Index, shows 46(Fear). In the last 30 days, the coin recorded 16/30 green days.
It is around 53% which means the coin was slightly bullish. The current market sentiments of the coin are also bearish.
The failure in the bearish candlestick suggests that the price after its formation will begin to fall.
By 01 October 2023, prices might drop to $0.003107. It will be a 5.21% gain in price if it occurs.
Siacoin Overview
The market capitalization of SC is $163,328,693. It is ranked 149th out of all 9,092 cryptocurrencies listed on the Coin market cap.
The Current circulating supply is around 55,187,120,494 SC. It is ranked 400th out of all 9,092 cryptocurrencies in the market by volume (24 Hours).
Its total supply in the market is 55,210,125,000 SC. The market cap increased by 0.71%. Its total volume traded in the last 24 hours is $1,994,317, which decreased by 5.97%.
Price Prediction of SC (2024-2030)
| Year | Low | High |
| 2024 | $ 0.002890 | $ 0.005985 |
| 2025 | $ 0.002517 | $ 0.004062 |
| 2026 | $ 0.002373 | $ 0.002616 |
| 2027 | $ 0.002398 | $ 0.002573 |
| 2028 | $ 0.002204 | $ 0.012328 |
| 2029 | $ 0.000984 | $ 0.006039 |
| 2030 | $ 0.000513 | $ 0.001275 |
Live Chart
Conclusion
SC was up by 0.53% in the last month, but it was also up by 1.69%. SC is not good for the short-run time frame because it is in the downward direction. Investors should not pick it for the long run. In the long run, it can continue its bearish momentum.
Next year, it might rise by 98.44%. The price volatility is very high. So, the prediction may not be 100% accurate. No surety is given that it might be correct.
According to the pattern, it might continue to fall in the future.
Technical Levels
Resistance Level- $0.004766
Support Level- $0.002280
Disclaimer
This is a general article that does not provide any financial or investment information. Investors should focus on both technical analysis as well as fundamental analysis. The analysis is done to provide information to readers. To make them aware of investments.
