Siacoin Price Prediction for 2019

Siacoin Price Prediction for 2019

Siacoin, like the rest of the market, is tightly coupled and dependent on bitcoin’s price action. If bitcoin embarks on another bull run, Siacoin can hope for one as well. Since that is very unlikely, don’t expect much to change for Siacoin price-wise this year. So 2019 will be a boring sideways action with minor btc ignited jumps and slumps. "Siacoin Price Prediction for 2019"

Siacoin Price Prediction for 2019

The main crypto coin in cryptocurrency markets is Bitcoin BTC and given this, altcoins tend to fuel Bitcoin runs and BTC tends to do the same in return. Given this relationship, BTC price movements tend to affect all altcoin prices.

When Bitcoin goes up swiftly, it will likely:

Suppress or depress altcoins as money flows into Bitcoin;
Or, take altcoins along for the ride
In cases when Bitcoin plunges, it will likely:

Depress altcoins as money flows into fiat;
Or, cause altcoins to price boom as money flows into them, but this is rarely the case.
When BTC moves sideways, it will likely:

Cause altcoins to imitate that as traders wait for a clear sign on the direction of the market;
Or, this cause altcoins price to flourish as traders look for returns in altcoins and try to get favorable trades in terms of BTC pairs.

RTO summarizes, Bitcoin BTC is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.

The majority of altcoins projects will fail for long term some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on a paper project, but in reality, are useless for the crypto market.

Siacoin SC is a unicorn of the cryptocurrency space because of its leading role in a plausible use case that is decentralized storage. As it is gaining popularity in the crypto world, more people have started talking about it. Let’s check it out what are the market experts or cryptocurrency predictors saying.

Trading Beasts

A crypto forecast website called trading beasts predicted that by the end of 2019, Siacoin might reach around $0.02, which can even exceed as much as $0.03.

Crypto Ground

Here comes a conservative prediction of crypto ground, where they say that by 2019 end, Siacoin SC might reach $0.0158, and in five years siacoin might reach $0.0528.

CoinFan website offers price forecasts for every cryptocurrency imaginable. By their own custom forecast algorithm, they price predict that Siacoin might reach $0.0538 by 2019 end, and might reach $0.19 by 2020 end.

Wallet Investor

Cryptocurrency Wallet Investor is known for their pragmatic cryptocurrency price prediction. They believe that Siacoin SC might reach $0.0426 by 2019 end on an average, where the maximum rate might be as high as $0.050030.

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