Siacoin has been accumulating for 8 months with stronger volumes recently increasing support levels due to the release of its skynet protocol which allows Sia to become the same as a CDN service. This means that Sia is now capable of going after centralized services such as youtube, facebook, twitter, etc. There is growing interest as seen in their discord of many new developers building apps on top of skynet. In addition to this Siacoin has fallen recently below 4% inflation, making it a low inflation coin. The additional use cases and the diminishing coin emission is starting to have the desired price effect on SC. There is no better time now to begin accumulating before price takes off. I expect us to hit the old support points on its way up, so TP of 40 and 70. A re-evaluation will be done if 70 holds.
Siacoin is called the "golden Pony" because it has the same potential as DGB and can suddenly skyrocket many times its value. Allocating at least a small portion of your portfolio to hold is recommended. I expect the price to approach 100 sats in the mid term (2 to 3 months) and by the end of the year, SC will likely be back above 270 sats with the stretch goal of 540 sats.
Siacoin is called the "golden Pony" because it has the same potential as DGB and can suddenly skyrocket many times its value. Allocating at least a small portion of your portfolio to hold is recommended. I expect the price to approach 100 sats in the mid term (2 to 3 months) and by the end of the year, SC will likely be back above 270 sats with the stretch goal of 540 sats.