{"id":26646,"date":"2024-02-23T17:31:23","date_gmt":"2024-02-23T17:31:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/siacoin-sc-spikes-to-2-year-high-amid-boost-in-investor-confidence\/"},"modified":"2024-02-23T17:31:23","modified_gmt":"2024-02-23T17:31:23","slug":"siacoin-sc-spikes-to-2-year-high-amid-boost-in-investor-confidence","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/siacoin-sc-spikes-to-2-year-high-amid-boost-in-investor-confidence\/","title":{"rendered":"Siacoin (SC) spikes to 2-year high amid boost in investor confidence"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/siacoin-sc-price-bullish-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/siacoin-sc-price-bullish-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/siacoin-sc-price-bullish-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/siacoin-sc-price-bullish-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Siacoin (SC) price rose to above $0.02, its highest level since December 2021.<\/span><\/li>\n<li><span style=\"font-weight: 400\">SC, the native token of decentralized cloud storage platform Sia, was up<\/span> 55% in the past week and 120% up over the past two weeks.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/siacoin\/\">Siacoin (SC)<\/a> rose to its highest level since December 2021, breaking above $0.02 to mark a two-year high.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SC, the native token of decentralized cloud storage platform Sia, was among top performers on Friday. With SC\/USD changing hands near the intraday highs, the double-digit gains pushed Siacoin\u2019s market cap to above $1 billion. Per CoinMarketCap, Siacoin ranked 70 among largest cryptocurrencies by market cap at the time of writing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Today\u2019s gains have pushed the weekly upside for the altcoin to 55%, while it\u2019s 120% up over the past two weeks.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-187099\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/02\/siacoin-sc-price-chart.png\" alt=\"\" width=\"1200\" height=\"800\"\/><\/p>\n<h2><span style=\"font-weight: 400\">Why is Siacoin price up today?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Siacoin\u2019s gains, which put it among top gainers on the day alongside Avalanche DEX platform <a href=\"https:\/\/coinjournal.net\/news\/pangolin-png-soars-24-hour-volume-up-staggering-5500\/\">Pangolin (PNG)<\/a>, comes amid renewed confidence in the future of the project.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A <a href=\"https:\/\/blog.sia.tech\/the-state-of-sia-february-2024-fc2504b1700f\" target=\"_blank\" rel=\"noopener\">recent update<\/a> from the Siacoin Foundation injected optimism within the Sia community. According to the platform\u2019s February 2024 update, there\u2019s a lot in the pipeline for the Sia network.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Key milestones set to enhance network stability and performance include an upcoming hardfork dubbed Utreexo. The implementation for the hardfork as set in the RHP4 aims at enhancing network scalability and efficiency.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As SC price rose, the amount of short liquidations increased. According to<\/span><a href=\"https:\/\/www.coinglass.com\/currencies\/SC\"> <span style=\"font-weight: 400\">data from Coinglass<\/span><\/a><span style=\"font-weight: 400\">, the last 24 hours had seen a total of over $64k in shorts liquidated. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Open Interest has increased 21% to $12.77 million amid the <a href=\"https:\/\/coinjournal.net\/siacoin\/buy\/\">buy pressure<\/a>.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/siacoin-sc-spikes-to-2-year-high-amid-boost-in-investor-confidence\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Siacoin (SC) price rose to above $0.02, its highest level since December 2021. SC, the native token of decentralized cloud storage platform Sia, was up 55% in the past week and 120% up over the past two weeks. Siacoin (SC) rose to its [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26646"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26646"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26647"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}