It seems like that the good times are here to stay for Siacoin. It has recently got listed on 2 different cryptocurrency exchanges. Around 2 days back, it was listed on Bittrex which is also considered to be the largest exchange in the world. Also, recently, it was also listed on Upbit. Needless to say, these listings have significantly increased the value of Siacoin. It is increased by over 60% in the last couple of weeks. This is clearly an indication that with the listing, the demand for Siacoin is increasing significantly.
Siacoin (SC) Price Today
In many of the cases, it is been not is that after the listings on popular exchanges, cryptocurrency is increased by a significant amount. However, this increases thereafter followed by a fall in prices. This is the reason why investors are actually worried whether the prices will increase more or not. In case the value of cryptocurrencies falls after the listing, it is actually a buying opportunity. However, a lot depends on the fundamentals of the cryptocurrency. When the fundamentals are good enough, the price will increase further after the fall.
Siacoin (SC) Advantages
Siacoin actually has great advantages for the cryptocurrency users. The main aim of Siacoin this to utilize the hard drive sharing capability of the normal devices. That is why it is similar to cloud hosting. With the help of this fundamental capability, Siacoin is actually becoming more and more popular. There are many people around the world who have empty hard drive space. Currently, they are not able to monetize it to utilize it. However, when it comes to Siacoin, with the help of this cryptocurrency, they will be able to rent out that free space. When they are able to rent out that free space, they will be able to monetize it as well. This will ensure that Siacoin will create actual demand for space. It will be similar to a hosting solution. Thus, the fundamentals of this cryptocurrency are pretty strong.
Siacoin (SC) Price Predictions
Also, according to some estimates, Siacoin can head to $ .10 this very quarter. If indeed, the fundamental offering of Siacoin is successful, the value will increase further even after the recent fall. As a result, it might be a good idea to look at this cryptocurrency exchange. If also, there are a few more cryptocurrency exchange listings, the value of Siacoin can actually increase further. It remains to be seen whether the momentum can sustain or whether the momentum will falter.