SC$
Siacoin, known by the symbol SC, is the native token of a blockchain network called Sia, launched in June 2015 to provide decentralized cloud storage among users and hosts through smart contracts. SC has been mined through a proof-of-work (PoW) mechanism using GPU and ASIC, with a decentralized distribution thanks to the Sia Foundation initiative since February 2021.
Over the years, SC recorded its lowest price in December 2015 at around $0.00001262, while its highest price was in January 2018 at about $0.09287. The currency has experienced significant volatility: 2017 was the best year with an average performance exceeding $0.0059, while 2022 and 2023 saw a notable decline compared to its peak levels.
Demand for SC is expected to rise if the Sia network grows and its usage expands, especially amidst technological developments, new partnerships, or network infrastructure improvements. However, its future remains dependent on the rate of adoption and the regulatory environment surrounding digital currencies, in addition to competing centralized storage solutions.
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