Sia is the leading decentralized cloud storage platform. No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers.
Sia encrypts and distributes your files across a decentralized network. You control your private encryption keys and you own your data. No outside company or third party can access or control your files, unlike traditional cloud storage providers.
What Is Siacoin (SC)?
Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the “backbone storage layer of the internet.”
Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.
How Many Siacoin (SC) Coins Are There in Circulation?
Siacoin has no maximum supply. Because it is a utility token designed to be used to power transactions via smart contracts, the project has stated that there must be a limitless supply in order to match the effectively limitless amount of data that can be created and stored.
New Siacoin is introduced as mining rewards through the Sia blockchain’s proof-of-work mining algorithm. The mining reward started at 300,000 SC and decreased at a rate of 1 SC with each block mined until it reached 30,000 SC in July 2020. The block reward will now forever remain 30,000 SC.
Siacoin is removed from the ecosystem when hosts lose tokens or their collateral is left unrefunded due to bad actions. In the future, the development team intends to introduce a proof-of-burn mechanism by which hosts will be required to burn a small percentage of their revenue to prove that they are real and have good intentions.
The Sia development team mined approximately 100 blocks (around 30 million SC) before publicly releasing the mining algorithm. The platform’s team and investors reportedly hold less than 0.1% of the total Siacoin supply.
Siacoin Price Prediction 2021
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Feb 2021 | $0.07916362 USD | 46.49 % |
| Mar 2021 | $0.07276006 USD | 34.64 % |
| Apr 2021 | $0.08101238 USD | 49.92 % |
| May 2021 | $0.07038862 USD | 30.26 % |
| Jun 2021 | $0.08581233 USD | 58.8 % |
| Jul 2021 | $0.08863472 USD | 64.02 % |
| Aug 2021 | $0.07425929 USD | 37.42 % |
| Sep 2021 | $0.07981810 USD | 47.71 % |
| Oct 2021 | $0.08905515 USD | 64.8 % |
| Nov 2021 | $0.08264150 USD | 52.93 % |
| Dec 2021 | $0.07510163 USD | 38.98 % |
Siacoin Price Prediction 2022
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2022 | $0.08551012 USD | 58.24 % |
| Feb 2022 | $0.08796733 USD | 62.79 % |
| Mar 2022 | $0.08606377 USD | 59.26 % |
| Apr 2022 | $0.09656795 USD | 78.7 % |
| May 2022 | $0.09383055 USD | 73.64 % |
| Jun 2022 | $0.09468658 USD | 75.22 % |
| Jul 2022 | $0.08868672 USD | 64.12 % |
| Aug 2022 | $0.08698723 USD | 60.97 % |
| Sep 2022 | $0.08592584 USD | 59.01 % |
| Oct 2022 | $0.09623876 USD | 78.09 % |
| Nov 2022 | $0.10539974 USD | 95.04 % |
| Dec 2022 | $0.10772943 USD | 99.36 % |
Siacoin Price Prediction 2023
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2023 | $0.11509485 USD | 112.99 % |
| Feb 2023 | $0.10974502 USD | 103.09 % |
| Mar 2023 | $0.13473238 USD | 149.33 % |
| Apr 2023 | $0.11920404 USD | 120.59 % |
| May 2023 | $0.10312775 USD | 90.84 % |
| Jun 2023 | $0.11205347 USD | 107.36 % |
| Jul 2023 | $0.12379661 USD | 129.09 % |
| Aug 2023 | $0.11669548 USD | 115.95 % |
| Sep 2023 | $0.12965881 USD | 139.94 % |
| Oct 2023 | $0.11337664 USD | 109.81 % |
| Nov 2023 | $0.09989644 USD | 84.86 % |
| Dec 2023 | $0.09952010 USD | 84.16 % |
Siacoin Price Prediction 2024
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2024 | $0.12446017 USD | 130.32 % |
| Feb 2024 | $0.13298458 USD | 146.09 % |
| Mar 2024 | $0.15619993 USD | 189.05 % |
| Apr 2024 | $0.15425912 USD | 185.46 % |
| May 2024 | $0.13357239 USD | 147.18 % |
| Jun 2024 | $0.12531922 USD | 131.91 % |
| Jul 2024 | $0.15407525 USD | 185.12 % |
| Aug 2024 | $0.15536123 USD | 187.5 % |
| Sep 2024 | $0.11397490 USD | 110.91 % |
| Oct 2024 | $0.13101748 USD | 142.45 % |
| Nov 2024 | $0.13348136 USD | 147.01 % |
| Dec 2024 | $0.12167087 USD | 125.15 % |
Siacoin Price Prediction 2025
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2025 | $0.18786679 USD | 247.65 % |
| Feb 2025 | $0.17552992 USD | 224.82 % |
| Mar 2025 | $0.18406237 USD | 240.61 % |
| Apr 2025 | $0.18431973 USD | 241.09 % |
| May 2025 | $0.14345283 USD | 165.46 % |
| Jun 2025 | $0.14068649 USD | 160.34 % |
| Jul 2025 | $0.16227829 USD | 200.3 % |
| Aug 2025 | $0.18803197 USD | 247.96 % |
| Sep 2025 | $0.15869782 USD | 193.67 % |
| Oct 2025 | $0.16490662 USD | 205.16 % |
| Nov 2025 | $0.16759162 USD | 210.13 % |
| Dec 2025 | $0.13856212 USD | 156.41 % |
Siacoin Price Prediction 2026
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2026 | $0.17543333 USD | 224.64 % |
| Feb 2026 | $0.17327138 USD | 220.64 % |
| Mar 2026 | $0.19128044 USD | 253.97 % |
| Apr 2026 | $0.20321739 USD | 276.06 % |
| May 2026 | $0.17834224 USD | 230.03 % |
| Jun 2026 | $0.18583860 USD | 243.9 % |
| Jul 2026 | $0.18895416 USD | 249.66 % |
| Aug 2026 | $0.17505725 USD | 223.95 % |
| Sep 2026 | $0.21267055 USD | 293.55 % |
| Oct 2026 | $0.17500609 USD | 223.85 % |
| Nov 2026 | $0.20980710 USD | 288.25 % |
| Dec 2026 | $0.17970999 USD | 232.56 % |
Siacoin Price Prediction 2027
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2027 | $0.19365072 USD | 258.35 % |
| Feb 2027 | $0.20176293 USD | 273.37 % |
| Mar 2027 | $0.19699806 USD | 264.55 % |
| Apr 2027 | $0.20152048 USD | 272.92 % |
| May 2027 | $0.21179538 USD | 291.93 % |
| Jun 2027 | $0.19989721 USD | 269.91 % |
| Jul 2027 | $0.23051071 USD | 326.57 % |
| Aug 2027 | $0.20871143 USD | 286.23 % |
| Sep 2027 | $0.23970855 USD | 343.59 % |
| Oct 2027 | $0.21070493 USD | 289.91 % |
| Nov 2027 | $0.19177999 USD | 254.89 % |
| Dec 2027 | $0.23925593 USD | 342.75 % |
Siacoin Price Prediction 2028
| Month | Average Price ($) | Change (%) |
|---|---|---|
| Jan 2028 | $0.21770365 USD | 302.87 % |
| Feb 2028 | $0.26048955 USD | 382.04 % |
| Mar 2028 | $0.24478180 USD | 352.97 % |
| Apr 2028 | $0.26807571 USD | 396.08 % |
| May 2028 | $0.23039185 USD | 326.35 % |
| Jun 2028 | $0.22667948 USD | 319.48 % |
| Jul 2028 | $0.23891694 USD | 342.12 % |
| Aug 2028 | $0.22064417 USD | 308.31 % |
| Sep 2028 | $0.22656175 USD | 319.26 % |
| Oct 2028 | $0.21914408 USD | 305.53 % |
| Nov 2028 | $0.21633908 USD | 300.34 % |
| Dec 2028 | $0.23804617 USD | 340.51 % |
* Our predictions are made on the basis of Historical Data. We are not responsible for any profit / loss.
Where Can You Buy Siacoin (SC)?
Siacoin can be purchased on cryptocurrency exchanges such as
- Binance,
- OKEx,
- Huobi Global and
- Upbit, among others.
It can be traded on spot markets against fiat currencies such as the U.S. dollar and the South Korean won, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), and the stablecoin Tether (USDT).
Are you interested in buying Siacoin or other cryptocurrencies such as Bitcoin? Bulliscoming has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.
Is Siacoin a Good Investment?
According to its whitepaper, the long-term goal of Sia is to compete with existing storage solutions. It sees itself as being in direct competition with major cloud storage providers such as Amazon, Google, and Microsoft. Because of its decentralized nature, Sia is able to offer competitive storage rates.
Files stored on the Sia network are divided into 30 encrypted segments, with each segment uploaded to a unique host for redundancy. The agreements between uploaders and hosts are recorded on Sia’s blockchain and enforced using smart contracts. Siacoin acts as the method of payment on the network, with renters paying hosts using SC, and hosts locking SC in smart contracts as collateral.
Skynet, the company behind Sia and Siacoin, has announced several products built on top of the Sia network, including SiaStream — a cloud-based media streaming application — and the Skynet network — its flagship content delivery and file-sharing network.
The company has received several rounds of funding and grants, including from Bain Capital Ventures, Paradigm, and blockchain. In addition, each storage-related transaction on the Sia network is subject to a 3.9% fee, which is distributed to holders of the company’s second cryptocurrency, Siafund — with Skynet holding approximately 85% of all Siafund.
With all the use cases of Siacoin that makes us think Siacoin is a good investment that will yield massive returns overtime. Meanwhile this is not a financial advice.
