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SiaCoin Price Prediction: Should You Invest In SC?

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Some SiaCoin price prediction made earlier this year claimed that SC will hit $1 by the year’s end. At this point, this seems very unlikely. However, it is not impossible for such growth to occur at some point in 2019. The coin itself has a lot of potential on its own, as it seems to be rather immune to high rates of volatility.

SiaCoin (SC) is one of a few altcoins that have attracted a lot of attention throughout 2018. This is a project that aims to create a decentralized cloud storage services platform. In fact, many are already calling it the Airbnb of cloud storage.

Simply put, the project allows users to rent the unused hardware space to other users. Those who require additional storage can use this space to store their data on other people’s computers. Of course, all of this is done under heavy encryption that can ensure that the stored files remain safe and private. Only the person who uploaded the files can access them in their entirety, and decrypt them.

While the network has been developing for a while now, it still doesn’t offer numerous different features that users got used to on Google Drive, Dropbox, and similar services. However, the project continues to grow and develop, while at the same time, it continues to gain more and more supporters.

The ability to store files on a cloud service has grown to be of great importance on the modern-day internet. However, when using centralized services such as Google Drive, users can never be completely sure that their information is truly safe. This is why this project is so popular, and why many are hoping to see it achieve its full potential as soon as possible.

SiaCoin price prediction

Considering how much potential this project has, a lot of people are interested in how this will reflect on SC’s price. Many investors are interested in the coin, as well as in this project in general, which is why Siacoin price predictions are in great demand.

At the time of writing, SiaCoin’s price is at $0.006482, and the coin has experienced a drop of 0.11% in the last 24 hours. While this is a very low price at the moment, it is also seen by many as an opportunity to get a lot of SC coins for cheap.

SiaCoin achieved its highest price yet in January when it managed to almost reach $0.10. However, at that point, the coin was still new, and barely known to a small group of investors. Since then, the project received a lot more attention and support, and its community grew exponentially. Unfortunately, most of its development occurred throughout 2018, which was bearish for most of its length, so the coin never got an opportunity to properly grow.

Ever since the price drop in January, SC has only had one large spike in May. Other than that, the coin has been very stable, with only the slightest price shifts.

Other price predictions aim further into the future, making different assumptions for the years 2020, 2023, and alike. However, these predictions are not reliable due to several factors. For example, the entire market needs to be considered, instead of making calculations based on a single coin’s potential. This year has been proof of that, with all coins going up or down together.

Apart from that, the crypto space remains unstable and unregulated, and it cannot be expected that it will follow any schedule. The most realistic predictions see SiaCoin reaching the value of $0.0137 to $0.025 in 2019. In case of a proper bull run, its value might easily surpass these expectations. If not, this is what most experts agree on.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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