Siacoin (SC) Coin Review

SC PRICE PERFORMANCE

Siacoin is another cryptocurrency which enjoyed a high during the Bull Run of 2017. It achieved its all-time high price of $0.112 three years ago but has lost 97% of its value since then and is currently being traded at $0.00282 per coin on crypto exchanges.

ABOUT Siacoin

Sia is a decentralized, peer-to-peer, cloud data storage platform built on blockchain technology. Sia connects people “hosts” that have underutilized hard drive capacity with customers “renters” in search of data storage. The aim is to provide a platform that allows for peer-hosted storage of files, without the need for a single centralized entity to control the data. Sia itself would only store the storage contracts formed between the parties.

Siacoin DEVELOPMENTS

Despite Siacoin trading 97% below its all-time high, the development team remains active. The team has been improving its Sia Central, a suite of tools built on its network. They also launched SiaStream, which is the most efficient cloud storage platform that supports all major media.

EXCHANGES Siacoin IS LISTED ON

Siacoin has been around for years now. Hence, it is available on numerous crypto exchanges. You can trade Siacoin on Binance, OKEx, Kraken, Huobi, Bittrex, Bitfinex, Poloniex, Upbit, Bithumb, and a wide range of other leading platforms.

INVESTORS

Siacoin does not have a lot of institutional or prominent individual investors in the project. Fenbushi Capital and INBlockchain are some of the few institutional investors in this project.

TRADING VERDICT

Siacoin is down by 97% from its all-time high, but that has not deterred the development team from rolling out further updates and working on the network. Siacoin is also available on numerous cryptocurrency exchanges, which makes it easily accessible to investors and traders.

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