Siacoin is one of the most underrated coins in my point of view back in 2019. Because of the high supply that causes a really slow pricing journey. Siacoin is also known as A Decentralized Cloud Storage. Here’s my Siacoin review in 2020.
Why are people searching for a coin review?
Because they want to know exactly what are they going to invest in. In this article, I will simplify everything you need to know about the Sia project, Pricing and what are the potentials would have in the future.
But before getting started, please don’t use this article as an investment advice. Use this as an educational purposes instead. DO YOUR OWN RESEARCH every time you invest. That’s always good for you.
Okay, What is Siacoin?
This unique technology and its visions attracted many more cryptocurrency enthusiasts that made Siacoin one of the top 100 cryptocurrencies.
Look how priceless their vision is
Sia is reinventing cloud storage. Our technology connects users who need file storage with hosts worldwide offering underutilized hard drive capacity. Blockchain technology secures their data and enables improved economics for users and hosts.Sia.tech
However, Its about the project.
You can find out more from the official website.
Let’s discuss the main factors of Siacoin.
Market cap is the key factor that decides the ranking of a coin. In Sia, $59,701,962 USD ranked #69 in market cap ranking which equals to 7,510 BTC in 2020 January.
In fact, Market capitalization is also depending on the Circulating supply. (Current Price x Circulating Supply)
With this amount of market cap, we can predict a whole lot of people believe in Siacoin. Here’s an interesting fact. This project already hit $2,913,239,519 USD Marketcap back in January 2018.
It’s the price of a single coin about 0.09$ which is an increment of 6428.5% compared to the current price of 0.0014 USD. Can you believe actually Siacoin reached that amount? This fact illustrates the quality of the project.
Currently Siacoin pricing about $0.001428 USD. This price in my view one of the best opportunities. Why? It’s about 0.00000018 BTC. Think about how much you can get Siacoins if you invested 10$.
That’s an example. I want to say that most underrated coins have the best chance in the future. I figured out some examples here.
However, Sia finished a total of 3 market cycles back in time. Now, it’s the best time I would say. No need to worry about the current pricing of Siacoin.
Here you can easily see the completed 3 market cycles.
Remember, the Siacoin market cap already hit around 2 billion USD. Why do you need to worry?
Cheap price + Good project is always a perfect investment idea.
Good cryptocurrency projects like Sia, and having a cheap price because of its supply. Could make a huge increment in the future like always do once a market cycle
The Sia’s current supply is 41,817,047,634 SC. The important fact is Siacoin total supply is not limited like other cryptocurrencies which means it’s unlimited.
Personally, I think this is the reason why the Siacoin pricing journey is too slow. However, It’s around 41billion in circulating and that is a large number of coins. Also leading to cheap pricing.
But everything depends on the demand and market trends.
In my opinion, with that large number of coins in circulating, It’s pricing will take some longer time. It will definitely increase. But we can’t predict the exact time period.
How do we examine future plans of a cryptocurrency project and take an idea or predict pricing? The roadmap will help with that. In the Siacoin roadmap, we can see some valuable future goals.
With that, we can predict about the project. check out more
Where can you buy Siacoin?
Siacoin has been listed even in the largest cryptocurrency exchanges. Because of the quality of the project and demand.
Check out the all Siacoin market pairs.
What are the price potentials?
In my point of view. Siacoin could reach a perfect price this year. with the bitcoin halving event happening this year, Siacoin could climb up in the market.
Besides, It has completed 3 market cycles and about to start a new one. We’ll see.
If you already invested in Siacoin, You probably lost some funds. But don’t worry. Keep patience and don’t go to sell entire coins. Hold them for a little longer.
If you’re a person who is looking for perfect investment opportunities, considering the above facts this could be one of them.
Except for all the points above, As a 69# Marketcap ranking, cheap price coin, Siacoin is always a good idea.
This is an existing legit cryptocurrency review. not a scam or ICO.
Disclaimer: This article is for informational and educational purposes only. Nobody can take this as a piece of investment advice or legal advice, etc. When investing “do your own research”
Hope my article was helpful. Let me know if anything needs to change.
Leave your experiences below.