SC has built a new base price of 26-27 sats and is preparing for the next legs up. 2 target points are from the last supports of approximately 40 and 66. The current base looks like a BUEC high-percentage long play.
Current important news around SC:
1. Currently Sia is doing its 3rd hackathon, which has brought tons of new developers into their ecosystem.
2. New partnership with Namebase which allows internet addressable links directly to their skynet. An example is this link: siasky.net/hns/doesn/ (A decentralized token swap utility). This partnership is highly important as it allows skynet to become a complete CDN for all internet content (think decentralized internet and completely censorship-resistant)
3. The release of software 1.5 which adds additional functionality to skynet such as a. 100x improvement in user traffic, developer incentives built into skynet, Equinox software improvements that drastically improves the renter's experience.
Sia is one of the few projects in the crypto space that has a real use case, has a working product, already has commercial companies using it and is quickly gaining global users and partnerships. Sia already has everything in place to create a fully decentralized internet. The time to own this is is BEFORE it takes off like a rocket.
Current important news around SC:
1. Currently Sia is doing its 3rd hackathon, which has brought tons of new developers into their ecosystem.
2. New partnership with Namebase which allows internet addressable links directly to their skynet. An example is this link: siasky.net/hns/doesn/ (A decentralized token swap utility). This partnership is highly important as it allows skynet to become a complete CDN for all internet content (think decentralized internet and completely censorship-resistant)
3. The release of software 1.5 which adds additional functionality to skynet such as a. 100x improvement in user traffic, developer incentives built into skynet, Equinox software improvements that drastically improves the renter's experience.
Sia is one of the few projects in the crypto space that has a real use case, has a working product, already has commercial companies using it and is quickly gaining global users and partnerships. Sia already has everything in place to create a fully decentralized internet. The time to own this is is BEFORE it takes off like a rocket.
Comment:
Seeing some really nice movement today, especially for momentum players as we are setting up a Tenkan cross set-up. In addition, Chikou span is back in the cloud. Everything is setting up nicely for a retest of its local high.
Comment:
SC surged to break through the cloud and looks like our uptrend has started. We're about to revisit the last high of 44 sats and then onto 66-70 sats.
Comment:
TP1 hit and waiting to see if we continue or get some pullback. So far momentum is showing continuation, but need to wait and see what happens over the next 24 hours. The Ichimoku cloud has turned green and we have broken into a new trend above the cloud. Looking good for our next target point TP2.
Comment:
We had a nice pull back to 33 sats. Reloaded more SC for the run up to 66-70 sats.