Profitably exchanging one virtual currency for another is an important skill in a world where cryptocurrency investment is gaining traction. Whether you are an experienced investor or a newbie, you must start with the basics. Check the cost and exchange rate. Consider the development prospects of these virtual currencies.
This article takes you through everything you need to know before exchanging your Siacoin to either TOMO or BTC. Thus, you can make the right decision that will guarantee a profit in the end.
Let’s Take a Closer Look at Siacoin
Siacoin is the native token of Sia, a decentralized blockchain-based cloud storage platform. The platform allows any user to place files in encrypted storage or sell available storage space while collecting the Siacoin token.
Siacoin distributes block rewards to miners who commit their processing power to the network’s activity and maintenance. When a block is confirmed, the miner that mined it gets Siacoins. The token’s market capitalization currently stands at $416 million, and the token’s price is now $0.0082.
What Is the Future of SC?
We know many of you are interested to know Siacoin price prediction to understand the potential of this digital asset. Although the SiaCoin cryptocurrency cannot compete with the market’s giants at the moment, the project may prove itself in the future.
Probably, investing in SC is not the best idea. The explanation is simple: the ever-increasing emission and inflation will not let you earn.
The token has a real-life use case, providing cloud storage at low prices; therefore, it will perform well soon and may eventually attract more users.
According to WalletInvestor’s Siacoin price estimate for 2022, SC will cross the $0.01 mark in a year and reach $0.02 in 2023. It expects the token value to be $0.04 over the next five years.
What Do Experts Say About Tomo?
TomoChain (TOMO) predominantly gets positive forecasts from experts and industry actors, affirming that the token can be considered a long-term investment with high profits.
TomoChain (TOMO) investors could anticipate a price rise of up to $2.689 in 2023, as per WalletInvestor, which sounds like a strong reason to explore TomoChain (TOMO) as an investment choice for newbies and experienced traders. TradingBeast forecasts a price increase to $1.32252, while PricePrediction.net anticipates a value increase to $2.34.
Experts offer differing opinions on TomoChain’s (TOMO) pricing projections for 2030. TradingBeast believes TomoChain’s (TOMO) value will continue to rise, reaching $2.333479 before the decade’s end. PricePrediction.net reflects an increase to $30.5. WalletInvestor’s forecast stays pessimistic, predicting a drop to $0.704 per unit.
Several platforms allow you to convert TOMO to BTC or any other coin. One Siacoin is now worth 0.009231 TOMO.
Maybe Bitcoin?
Bitcoin confidently remains the leader in the virtual currency industry, and it is one of the most popular coins among individual investors and organizations. Experts have always been giving positive predictions about bitcoin because of its history. Many of them advise considering investing in this first virtual currency.
In 2022, WalletInvestor predicted that bitcoin would rise to $61,298. After that, it may rise to $147,831 in the next five years.
Gov Capital predicted that Bitcoin would trade for $71,422 in 12 months. According to deep learning technical analysis, BTC may rise to $253,921 in the next five years.
By considering its past trends, Digital Coin’s long-term bitcoin projection predicted a high-value growth in the virtual currency, with the price reaching $54,587 in 2022 and $60,938 in 2023. By 2030, BTC might be worth $190,495 and $81,005 in 2025.
Exchanging SC for BTC gives you 0.00000025 bitcoin.
How Can I Swap SC for Another Currency?
Having researched the coins you are willing to swap, the next thing is choosing a crypto exchange platform that supports both coins, offers good rates and low fees.
If you are interested in exchanging coins without disclosing your identity, you can use DEXs — decentralized exchange platforms that don’t require personal details and KYC procedures. You can register there in no time and enjoy the benefits of anonymous crypto trading.
