SIA bulls are gearing up for a big move. The Siacoin price prediction looks like it’s about to hit the moon, and there may be no stopping it.
The two biggest factors propelling the Siacoin price up are:
Decentralization and Encryption. Decentralization eliminates the need for trusting a third party to host your data, solving one of cryptocurrency’s most important problems – centralization brings insecurity Encryption makes your data impossible to view without the encryption key, solving the second biggest problem in cryptocurrency – security.
Decentralization and encryption could potentially eradicate a lot of the problems associated with blockchain technology, making it the perfect platform for a secure new currency. Siacoin is an open-source distributed storage platform and decentralized application (Dapp) that runs on decentralized cloud computing, removing any single point of failure. It’s built on top of the blockchain technology that is at the center of most cryptocurrencies, including Bitcoin [BTC] and Ethereum [ETH]. Like many other decentralized projects, Sia plans to use blockchain technology to eliminate the need for a third party to host your files. Much like hosting your data with Dropbox, any host would simply be getting a small commission before transferring your files. The company is currently running an ICO (Initial Coin Offering), selling its tokens which will grant access to cloud storage and reward Siacoin users for their data.
Siacoin Price Prediction
This is an exciting time to be investing in Siacoin, because of its potential to become a top-tier investment. So far, the cryptocurrency has attracted over $200 million from investors, and it’s just getting started. Technical analysis of the SIA USD price chart shows that the bulls are finally getting some momentum. However, the price needs to break out of the bear flag in the upwards direction. Although there has been a slight increase in volume, the bulls need much more volume to attempt a breakout. The volume is there for a breakout, but the bulls need a push to break the bear flag. If the bears hold hard to support at the level and create another bear flag, then we may see an attempt to break it at and below.
SIA Bulls Gear Up For Big Move: Will They Continue Their Run?
Starting the cryptocurrency journey can be scary, that’s why our website will provide you with information to help you make an informed decision. You will need to have a solid understanding of what investing in cryptocurrencies entails before you decide if it’s the right move for your portfolio. We’ve provided some useful resources on how to research cryptocurrencies, and how to get started. The only way you will know if it’s the right move for you is to take the risk and invest. So, please read our Siacoin coin guide here, on the website now, and make an informed risk decision on your cryptocurrency investment.
Sia Price Prediction Conclusion
Siacoin has yet to become a household name in crypto-space, but that may change over time. The company is very transparent with its actions as well as its mission to disrupt the cloud storage industry. Cryptocurrencies like Siacoin will likely overcome some of their shortfalls through cooperation with existing companies before they can be fully trusted. Sia has stated that they are currently working with several cloud storage providers, such as Amazon and Microsoft. In doing so, the company is building a bridge between the crypto space and the mainstream tech world, which will likely help increase public trust in using the SIA coin.
SIA Bulls Gear Up For Big Move: Siacoin Price Prediction
If you would like to use our price predictions for Siacoin for your analysis, we offer a wide variety of tools and data, all free to the public. In this section of our website, you will be able to view the historical Sia USD price chart and see other important information that can help you with your trading decisions. You will also be able to see how the current Siacoin value compares to that of its competitors. Our prediction tools make it easy for anyone to perform a detailed analysis of the coming years if they have specific needs or interests in mind. The most popular types of charts are line charts, which show general trends over time and are very useful for showing short-term fluctuations.
