Today we want to share with you another trading opportunity. S I A C O I N.
This is a great project actually. This is decentralized Dropbox in which everyone can earn money giving their free space on hard disc. The more space you give the more money you get. Their developers' team is rated at 88% (coingecko) which is one of the highest results. This coin and in generall company has a HUGE POTENTIAL. Imagine every computer can be part of this community and earn money. With billions of computers and smartphones the market is really massive and we are at the beginning of this roadtrip.
They already have 4.6 PB of the hard disc space, 904 active hosts, 228 TB used storage and their market cap is now around 340 mln $. 3 BIG EVENTS AT THE END OF MARCH!!!
File Contract Upgrade - Form file contracts in 5 minutes instead of 60 minutes
File Recovery System - Ability to recover your files using only your wallet seed
Simple File Sharing - Share files with other Sia users
Technical Analysis of the chart:
Elliot waves pattern finished - waiting for upaward formation
Very low accordnig to fibonacci leves
Positive MACD divergence
Chart close to SMA 50
Fibonacci targets: 1. 235 st 2. 353 st 3. 448 st 4. 544 st 5. 679 st 6. 852 st (ATH)
Time frame - depending on the market and BTC - We assume around 3 months
What do you think guys? Do you believe in this project? Please do share with us your views. We love our crypto family.
Hi, I would say I see a new market cycle starting but depends on BTC imo. But I can be wrong, what my guess is big whales will start pump altcoins to earn more BTC in the next 4-6 months, then exit alts and pump BTC so they can sell off with multiple gains, rinse-repeat. But the 50MA and 150MA is just about to cross so I think we can see a movement in a week or 2.
Brodie_MT
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How do you feel the influx of ASICs will affect the price of SIA over the next couple months? B52s ship from Halong first part of April and Obelisks after that in June.
WBM_Team
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@Brodie_MT, ASICs mean more centralized which is bad. Not sure what dev team aims but the can change slightly the algorithm making all ASICs worthless (they phisically depend on algorithm). On the other hand BTC operates on ASICs and BTC's price went up. We think SIA will be hot topic in 2018 which always makes the price UP.
Brodie_MT
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@WBM_Team, Sia has already said they aren't forking from ASICs:
With several manufacturers of Blake2B asics, I don't think it will over centralize the mining as it would with a single manufacturer. The addition of Asics feels like validation of the project to me so I fully agree that Sia will be a hot topic in 2018, but I feel with some certainty the price will go down before it goes up as many miners will be trying to cover some of their investment, my guess is somewhere between 50-100 sats.
WBM_Team
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@Brodie_MT, Great thanks for the info. We dont know if they dont change their minds - we will see .In terms of price that might happen. We do agree. We hope 2018 will be exciting year for our crypto family.
WBM_Team
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@Brodie_MT, One thing - look at positive macd divergence - that might be the hint.
Brodie_MT
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@WBM_Team, True, but you had a positive MACD divergence on the backside of the summer 2017 bubble, and it took a while to rebuild for the following run. Definitely worth keeping an eye on though, thanks!
netrin
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@Brodie_MT, You didn't ask me, but just my 2 cents anyway: I really like idea of SC and think it could be very successful, I am concerned about the ASICs. However, these risks have been mitigated in other cases (e.g. XMR and BTC?). I remain bullish on SC. I think it's unique in its market and that's a strength.
Brodie_MT
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@netrin, I agree 100% with it being unique and having a real working use case for a blockchain. I am almost certain that there will not be any fork from ASICs based on their comments and based on the fact that Sia is affiliated with the Obelisk ASIC development (see: obelisk.tech/about.html and sia.tech/about ). If they were to fork away from bitmain and halong only, it would become a very centralized project. I am bullish long term, but don't be surprised to see it fall back below 100 sats.