Siacoin (SC) Price Prediction and Analysis in June 2020
Launched in June 2015, Siacoin (SC) is a blockchain platform that aims to provide an open-source, low-cost solution for cloud storage. It offers end-to-end encryption and distribution of files that users choose to store across a decentralized network of peers. SIA/SC token is the base currency on the platform.
Today, Siacoin is trading at $0.003948 against the US dollar, with an increase of 4.14% in the last 24 hours. It ranks 49th on CoinMarketCap with a market cap of $165,102,863 and a circulating supply of 41,817,047,634 SC. In the last 24 hours, $17,091,518 worth of Siacoin was traded on the market.
Siacoin Price Prediction: Analysis
Around the same time last month (May 14), SC closed the day at $0.002110 after a high of $0.002168. On May 15, it started the day at $0.002125, peaked at $0.002127, and closed at $0.002020. The coin experienced a drop on May 20 and closed at $0.002049. On May 31, SC closed the month at $0.002338 before jumping to $0.003024 on June 10. On June 13, SC opened the day at $0.002793 and closed at $0.003194.
Siacoin resistance, pivot, and support levels calculated by WalletInvestor are as follows:
- Resistance Level (R3): 0.00379
- Resistance Level (R2): 0.00349
- Resistance Level (R1): 0.00334
- Pivot Point: 0.003052
- Support Level (S1): 0.00290
- Support Level (S2): 0.00261
- Support Level (S3): 0.00246
Siacoin (SC) Developments
In the first week of June, Siacoin released a new version 1.4.11, which features a revamped Renter-Host Protocol and allows for the encryption of Skynet files. It also features a new fee manager that allows third-party developers to monetize their apps. The new version fixed several bugs and optimized platform performance.
Besides, the platform recently released the SiaStream app, which allows users to store and stream their media directly from Sia and enjoy low costs, redundancy, and encryption. The app was updated in the first week of June and will proceed to its Public Beta phase soon. On June 6, Sia blockchain celebrated its fifth anniversary since the first block was mined on June 5, 2015.
Siacoin Price Prediction: Market Opinion for June 2020
Many crypto forecasting platforms have given their views on the Siacoin price prediction for June 2020. Here are just a few to help us have an overview of the market opinion for this coin (SC).
WalletInvestor made a daily Sia price prediction for the next ten days of June, with their possible high and low values as follows:
|Date||Price||Min Price||Max Price|
According to Digitalcoinprice, Siacoin will trade at $0.00674302 in June, which is a change of 116.69%. They also expect the coin to close the year at $0.007402 in December 2020, bringing a change of 137.06%.
Tradingbeasts predicts that Siacoin would close June at $0.0037149.
According to Gov.capital, Siacoin will peak at $0.0036 on May 25, with a possible minimum of $0.003564 on the same day. They expect SC to close the month at $0.00324.
Coinpredictor gives a 7-day Siacoin price prediction with a +1.3%. Their 3-month prediction, however, shows a plummet in price, expecting the coin to trade at $0.001648.
According to Bitverzo, Siacoin will averagely trade at $0.004514 on June 20, with a possible high of +0.012507 on the same day. They expect SC to close the month at $0.002207. Here is a tabulation of their expectation for the next 13 days of June:
|Thursday, June 18, 2020||0.004534||-0.002663||0.012340|
|Friday, June 19, 2020||0.004482||-0.002915||0.012233|
|Saturday, June 20, 2020||0.004514||-0.003259||0.012507|
|Sunday, June 21, 2020||0.004345||-0.002778||0.011967|
|Monday, June 22, 2020||0.003969||-0.003245||0.012056|
|Tuesday, June 23, 2020||0.003628||-0.003921||0.011162|
|Wednesday, June 24, 2020||0.003433||-0.003344||0.011450|
|Thursday, June 25, 2020||0.003246||-0.004664||0.010961|
|Friday, June 26, 2020||0.003120||-0.004748||0.011069|
|Saturday, June 27, 2020||0.003102||-0.004948||0.010758|
|Sunday, June 28, 2020||0.002907||-0.004877||0.010563|
|Monday, June 29, 2020||0.002528||-0.004708||0.010453|
|Tuesday, June 30, 2020||0.002207||-0.005708||0.009685|
Cryptoground predicts that Siacoin (SC) will be trading at $0.0020 in the next one week, which is a change of -35.03%.
Cryptorating expects that SC will trade at $0.004032 in the next week, meaning a change of 31.29%. They believe SC is potentially one of the profitable altcoins.
Siacoin Price Prediction: Verdict
This is our version of Siacoin price prediction for June 2020. From our observation, there are different opinions regarding SC price development this month. However, we can expect the coin to trade between $0.002 and $0.005.
Featured image: crypto-capitalist.com