Siacoin (SC) is the native utility coin of the decentralized cloud storage platform Sia, used to pay for storage contracts between hosts and renters.
The token currently trades around ≈ $0.0011 USD (~৳0.16–0.20 BDT per SC), down sharply from its all‑time high near $0.092 in 2018, marking long‑term weakness.
Market sentiment remains subdued with modest trading volumes and sideways movement, reflecting broader low‑cap altcoin pressure amid risk‑off markets.
Technical observers see short‑term support near current levels, while overhead resistance remains far above, leaving the trend unclear.
SC’s utility proposition in decentralized storage and potential network growth are key factors for any sustained recovery.
Traders should be aware of SC’s long supply and speculative nature — catalysts often relate more to ecosystem usage than price spikes.
$SC #SCcoin #sc