Earlier for me, the price of this token (120-150 sat) seemed colossal. But now I think 450sat is very small.
I have a second thought on SIA coin now, and I already made a purchased. I feel this coin has so much potential and more to offer. I believe this coin will follow and be successful like NEM.
So what is the reason for the recent big rise?
Some people think Sia is an ordinary altcoin in the world of crypto currency, however, in my point of view, I want to compare Sia to Uber.
1.Safety Cloud Storage.
2.Pure Privacy.
3.Data Encrpyt.
4.Cheap Storage Price.
5.Easy to Use.
The reason why I compare Sia to Uber is that both of this two project can utilize the spare resources to fulfill the requirements of someone who needs this. For example, Uber doesn’t own cars, but it is the biggest taxi and car renting company in the world. It meets both the need from car owners and passengers. Similarly, Sia builds a link between the cloud storage users and the storage providers.
As a result, Siacoin is not only a crypto currency, but also a service resources.
From a research report of IDC, the overall market value of cloud storage would be 6.2 billion dollars in 2018. However, the cloud storage providers are monopolized by giant companies like, Google, Apple, Amazon, Baidu and 360. The cloud storage monopolization may lead to high storage price and large spare spaces been wasted.
Well, Sia uses a decentralized storage platform to break the monopolization. By simply using a Sia client, anyone can provide his or her spared storage space to the network. That is called a host or storage provider. The host can determine the price by considering the average price of the market. The more hosts compete for users, the more reasonable the market price will be. At that time, the free market of cloud storage will break the monopolization and find a reasonable price.
Then, let us do some calculation and see how to evaluate Sia. In the long run, if the cloud storage market keep increasing and if Sia can own just 10% of the overall market. The possible market value of Sia can reach over 1 billion in 2018.