Buy 25% · Sell 50%
SC USDT
Siacoin
Short summary for SC
Scenario, levels and timeframe alignment.
Dominant share 50%
Timeframes disagree
SHORT prevails on the 4h and 1d timeframes, while the 15m and 1h timeframes more often point higher. Lower TF go against higher TF, so market entries are riskier than usual.
SC does not have enough closed trades for local statistics yet, but signals and the public feed are already available.
0/100
Quick check of tokenomics, liquidity and contract permissions.
SC currently shows more pressure toward SHORT. Main reference: 4h, current scenario: "SHORT looks workable".
Signal balance: buyers 25%, neutral 25%, sellers 50%. The current bias is on the seller side, so LONG without confirmation remains risky. Timeframes: Timeframes disagree.
SC trade history is still building, so current structure matters most now: scenario, signal balance and chart levels.
Sia is a decentralized cloud storage platform similar in concept to Dropbox and other centralized storage provider where instead of renting storage space from a centralized entity, clients rent storage space from other peers. The only difference is Sia uses blockchain to facilitate transactions Nodes provide storage to clients using the Sia blockchain as contracts. Before storing the data, the data is encrypted into many pieces and uploaded to different hosts.
Siacoin is created by David Vorick and Luke Champine of Nebulous Inc. As the traditional storage platforms are higher in cost, more expensive and data is not well protected. Siacoin promises to offer secured storage transactions with smart contracts which is more affordable and reliable. Moreover, it is completely open source which means many individuals have contributed to Siacoin’s software hence there will be an active community building innovative applications on top if the Sia API.
In 2018, Siacoin aims to introduce file sharing and be the go-to cloud storage platform for companies. Their goal is divided into 3 time frames which are short-term, medium-term and long-term development. Short-term development focuses on file sharing between Sia users. This allows Sia users to share files in the platform without having to take it off the cloud while increasing network utilization. Medium-term development’s goal is to enhance partnerships. This means reaching out to large companies like Netflix and Dropbox to hopefully be able to be their storage and distribution framework. Lastly, long-term development aims to expand its horizon to share files with non-Sia users and support mobile wallets.