I believe this to be one of a small handful of cryptocurrencies that have actual real world use.
It provides decentralized data storage at prices that other centralized cloud storage providers can't compete with.
During the Ethereum mining bubble, some software allowed for dual-mining, making it possible mine extra coin while mining Ethereum .
SiaCoin is one of the coins was mined to squeeze a little bit of extra profit out of machines.
I speculate that this has resulted to a good amount of lost/unrecoverable coins.
~ My long term view for SiaCoin:
Right now price is threatening to close above the 21EMA.
If price closes above the weekly 21EMA, likely see price move to 55EMA over time.
And evaluate from there if a forms (higher high, higher low).
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> This is not financial advice, I'm not a financial advisor. <