Will Siacoin Hard Fork bring profit?
Let’s get straight to the point. The Hard Fork is expected to take place on the 31st of January; there is a possibility of the coin pump in January 2018 prior to the event. I’ve recently written about the impact of the Hard Fork on the coin. You can read that.
The best crypto exchange to buy/sell cryptocurrency is at: https://binance.com
Coin statistics on December 28, 2017.
This is a screenshot to remember )) We’ll compare the price in January.
What is Siacoin?
Siacoin is a decentralized network for cloud storage. The idea is to reduce the cost of storing your data (files) on the web. When comparing the cost of services among the strongest competitors, we’ll get this:
The prices are based on the rate of 5 TB of space per month.
Simply said, in order to earn coins, you can rent out a part of your hard drive storage space, become a hoster, so to speak, and provide other users with storage space in return for reward, HDD mining.
The more space you rent out, the more your reward will be. Considering that the coin value is constantly increasing, your profits will be growing as well.
Will the price rise before — after Siacoin Hard Fork?
To give a straight “Yes” answer would be tantamount to telling a lie! On the whole, the coin is worthy; it is ranked in the top 40 coins, and in 70% of cases, such coins rise in value prior to the event. I would suggest this coin for a portfolio in the first month of 2018.
There’s one thing that should be taken into account. If BTC skyrockets, it will dash hopes for increasing Siacoin price in BTC, although the coin can still demonstrate excellent results in USD.
Good luck with trading!