Coin of the day is Siacoin.
Long time no hears, the coin was falling during whole May and now seems to be bottoming, could be a nice opportunity if we are going to grow at least.
Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche.
SiaCoin is often being criticized due to controversy about highly competitive niche with such leaders as Google and Amazon.
Latest news
Will be Listed on Hong Kong-based exchange OKex (SCBTC ticker)
A detailed schedule of the listing process:
1. SC deposit - 16:00 Jun 7, 2018 (Hong Kong Time, UTC +8)
2. SC/OKB spot trading - 16:00 Jun 8, 2018 (Hong Kong Time, UTC +8)
3. SC/BTC, SC/ETH, SC/USDT spot trading - 16:00 Jun 11, 2018 (Hong Kong Time, UTC +8)
Technicals
The coin was falling since 28 April showing almost 45% fall, when SCBTC tested Bearish Trend Line and 0.000003 level, the coin spent a day above the 0.000003 level but did not manage to hold on above and went down. Siacoin found a bottom slightly below the 0.000002 level at the end of the May. For now, SCBTC has formed a bottoming pattern on the 0.000002 level and gained volume and upward momentum mainly due to the OKex listing news. From the upside, SC has two strong resistances: 100-days EMA and Global Bearish Trend Line. A breakthrough of these levels can shake a May downtrend tendency and bring the coin to the new rising cycle. 0.000002 level is a support, which should stay strong to support a bottoming scenario. Otherwise, the coin will come back into a bearish bias.
Long time no hears, the coin was falling during whole May and now seems to be bottoming, could be a nice opportunity if we are going to grow at least.
Sia is a decentralized data storage platform based on the blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the participants of the network to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers. The goal of the company is to provide a decentralized cloud storage option that competes with centralized legacy competitors such as DropBox, Amazon, Apple, and Microsoft. The project is aimed at the topical and rapidly developing niche.
SiaCoin is often being criticized due to controversy about highly competitive niche with such leaders as Google and Amazon.
Latest news
Will be Listed on Hong Kong-based exchange OKex (SCBTC ticker)
A detailed schedule of the listing process:
1. SC deposit - 16:00 Jun 7, 2018 (Hong Kong Time, UTC +8)
2. SC/OKB spot trading - 16:00 Jun 8, 2018 (Hong Kong Time, UTC +8)
3. SC/BTC, SC/ETH, SC/USDT spot trading - 16:00 Jun 11, 2018 (Hong Kong Time, UTC +8)
Technicals
The coin was falling since 28 April showing almost 45% fall, when SCBTC tested Bearish Trend Line and 0.000003 level, the coin spent a day above the 0.000003 level but did not manage to hold on above and went down. Siacoin found a bottom slightly below the 0.000002 level at the end of the May. For now, SCBTC has formed a bottoming pattern on the 0.000002 level and gained volume and upward momentum mainly due to the OKex listing news. From the upside, SC has two strong resistances: 100-days EMA and Global Bearish Trend Line. A breakthrough of these levels can shake a May downtrend tendency and bring the coin to the new rising cycle. 0.000002 level is a support, which should stay strong to support a bottoming scenario. Otherwise, the coin will come back into a bearish bias.
