This is why Siacoin will replace most of the top coins
The year 2018 started on a slow rate in the crypto industry and for many people with weak hands have resulted to selling off their investments. This onslaught that has been witnessed for the last three months due to FUDs will slowly but surely be contained because the Asian markets are clearing out the outstanding regulatory market. One of the coins that settled up in the Asian market is the Siacoin (SC). This is due to its transparent and clear roadmaps and it is also getting a lot of support from the strong teams in the market.
Potential of Siacoin
Siacoin was able to hit its All Time High of $0.098 on January 7th 2018. It is currently being listed on 9 exchanges with a trading volume of over $4.6 million. Also, it has a great potential although the current cryptocurrency onslaught has affected almost all coins. As a matter of fact, at the time of writing, it’s only four out of the top 100 have increased in prices against USD.
Why is the prices increasing amidst the tough onslaught?
The price of a coin will mostly be influenced by the demand it has in the market as well as its growth potential. Siacoin’s great potential is facilitated by its robust roadmap and features. These are some of its major features that influence its increase in its prices and market cap.
The ease of transacting and syncing
Recently, Siacoin released a support update that is designed to tackle the technical issues of the Sia-UI. The development team is tirelessly working to provide solutions of these issues. However, there is a plan B whereby, they will reinitialize the wallet. This is by editing the folder of the wallet. Also, the development team can opt to delete the Sia-UI blockchain and download a new one. By doing this, you will need to sync your data complete and it will take some time.
Tracking of the social impact
This is a new feature of the coin whereby it will offer a suitable platform for increasing its awareness to people all over the world. Its decentralized nature enables it to offer a competitive blockchain in the market. There are two users in the Siacoin market place in order to complete the business and determine the hosting prices.
Siacoin storage solution
Siacoin seeks to dominate the cloud storage market. The only way to achieve this is offering its market a cheap and secure solution to the problems found in the blockchain market. Over the recent past, its network has been increasing proportionally to its market share. Which is currently between 70% and 90%.
Its storage capacity cuts across 6 continents and 50 countries. It also offers a host within 50 milliseconds for a major city in the world. This enables it reach to more users than its competitors.