Siacoin Support Holds | 111%+ Move Now Possible
Updated
Siacoin (SCBTC) hit a low of 17 satoshis back in September 2019. This quickly led to a strong bounce which produced a bullish wave that peaked at 30 satoshis.
More than 4 months later, this 17 satoshis support is taken out and a new low is hit at 15 satoshis, but prices quickly moved back up giving us a weekly close at 18 and prices are now trading above EMA10. These are bullish signals.
We also have a falling wedge pattern on the chart. Once the black trendlines are broken, we can easily see Siacoin moving higher, the main target is sitting at 39 satoshis.
Thanks a lot for reading.
Namaste.
More than 4 months later, this 17 satoshis support is taken out and a new low is hit at 15 satoshis, but prices quickly moved back up giving us a weekly close at 18 and prices are now trading above EMA10. These are bullish signals.
We also have a falling wedge pattern on the chart. Once the black trendlines are broken, we can easily see Siacoin moving higher, the main target is sitting at 39 satoshis.
Thanks a lot for reading.
Namaste.
Note
Comment Prothius187 - Jan 18 The Sia team just announced the primary developments including skynet today. It's absolutely incredible! Please go to discord to see all the information in the contributors channel. Here's a snippet of what was released today:
When we launch Skynet, sialinks will be able to support data of up to 400 GiB. At launch, the fetch latency on a Siafile is expected to be around 500ms, and the throughput it expected to be >250mbps.
For video skynet links, full 4K video streaming should be supported with no issues.
The key thing about sialinks is that anyone can upload a file to the Sia network and create a link for that file.
When you upload a file to Sia and create a link, you are effictively "pinning" that file.
So long as you continue to pay for that file, it will remain "pinned" and accessable to anyone with the link.
The Sia network will keep the file online for you, you will not need to keep your computer online all the time in order for that file to be made available to the rest of the world.
But what's described above is just Phase I of Skynet.
Phase II of Skynet unlocks something altogether much more powerful. The ability to put dynamic content on the Sia network.
A Phase II Skynet link is going to look something like this:
/blog/#
Anyone with that link will be able to see my blog
As I publish new content on my blog, the link will be pointing to the new content.
'The decentralized web' - but actually done properly this time.
It's perhaps not obvious, but the ability to update content that a sialink points to is exteremly powerful.
From that, you could build a decentralized blogging platform.
Or a decentralized twitter
Or decentralized youtube, decentralized facebook, decentralized snapchat, decentralized instagram, decentralized soundcloud.
I think you get the picture.
The vast majority of social apps today can be fully rebuilt on Skynet Phase II
As we continue to push out features of Skynet, we will release guides and software tools to help developers build their own applications on top of Skynet.
Note
TARGET:(1) 22 |Hit 3-Feb. (+22%)
(2) 25 |Next target.
(3) 27
Note
TARGET:(1) 22 |Hit 3-Feb. (+22%)
(2) 25 |Hit 4-Feb. (+39%)
(3) 27 |Hit 13-Feb. (+50%)
Note
TARGET:(1) 22 |Hit 3-Feb. (+22%)
(2) 25 |Hit 4-Feb. (+39%)
(3) 27 |Hit 13-Feb. (+50%)
(4) 30 |Hit 14-Feb. (+66%)
Note
TARGET:(1) 22 |Hit 3-Feb. (+22%)
(2) 25 |Hit 4-Feb. (+39%)
(3) 27 |Hit 13-Feb. (+50%)
(4) 30 |Hit 14-Feb. (+66%)
(5) 34 |Hit 14-Feb. (+88%)
(6) 38 |Hit 15-Feb. (+111%)
+111% as the title reads... But we still have more targets left.
ENJOY THE PROFITS
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