What you think about Past trading analysis of SC shows positive trend.
Siacoin (SC) is the native cryptocurrency of the Sia network, a decentralized cloud storage platform. Here's an overview of its trading performance in 2024:
Price Analysis:
Annual Range: In 2024, SC's price fluctuated between a low of $0.00678 and a high of $0.0229.
All-Time High Comparison: The all-time high for SC was $0.1117 on January 6, 2018, indicating that 2024's peak was approximately 79.5% below this record.
Trading Volume:
24-Hour Volume: As of January 6, 2025, SC's 24-hour trading volume was approximately $63.9 million, reflecting active trading interest.
Annual Volume Trends: Throughout 2024, SC maintained a 24-hour trading volume ranging from $19.47 million to $69.14 million, indicating consistent market activity.
Market Capitalization:
Current Market Cap: As of January 6, 2025, SC's market capitalization stood at approximately $368.13 million.
Circulating Supply: The circulating supply was about 57.74 billion SC tokens.
Price Predictions:
2024 Forecast: Analysts projected SC's price to range between $0.00342 and $0.02303 in 2024, reflecting a positive outlook.
2025 and Beyond: While specific predictions vary, some forecasts suggest potential growth, with SC possibly reaching higher valuations by 2030.
Conclusion:
In 2024, Siacoin exhibited significant price volatility and maintained substantial trading volumes, indicating sustained interest from the crypto community. While it remains below its all-time high, analysts' projections suggest potential for future growth. As always, investors should conduct thorough research and consider market dynamics before making investment decisions.
