Dear Readers, This is my first technical analysis post here.
Siacoin is keep on touching the resistance level for last 12 hours. I feel breakout is imminent and can take siacoin from 550 to 950 levels. Please comment your thoughts on it.
Why Siacoin is a fundamental Bet?
Siacoin was one of the true and meaningful ICOs happened in market, well before crypto market got heated up with plenty of "bubbly" ICOs. The team behind SIACOIN is very focused and they have long term vision.
The promise of Sia is a decentralized network of datacenters that, taken together, comprise the world's fastest, cheapest, and most secure cloud storage platform. Today, being a major cloud storage player requires having datacenters, building trust within the market, reaching customers, and competing with giants such as Amazon, Google, and Microsoft. They are breaking into this huge market. The long term goal of Sia is to be the backbone storage layer of the Internet.
Some of their plans in the next two years
- File Sharing: Share files with users who are not on SIA
- Seed Baased File recovery
- Support for mobile wallet
- Video streaming
If you are invested in SIACOIN, put down the reasons for your entry. Lets discuss!!