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SiaCoin Price Prediction: Should You Invest In SC?

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SiaCoin price prediction
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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

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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