why the price does not grow? .... Fork is very soon already
The fork is set to reduce difficulty - therefore a rapid increase in the supply of coins - as you know, any rapid increase in supply is never good for price. Also long term, Sia has an impressive 3292.83 TB of network storage available, but only 114.49 TB is being used. That's a usage rate of only 3.4% - it is
essential that this number starts to increase otherwise, the Sia project will likely fail - having over 95% of your assets idle is not good for any business, and isn't good for people holding the coin since nobody wants to buy it to use for storage (again supply and demand)
if difficulty gone lower this means more miner profits which will lead to more miners then difficulty will goes double in feew weeks
more difficulty = more price will come up
look at dash when bitmain made D3 price jumped at least 10X
LTC price jumped 10X +
obelisk was really slow and mining for theirself same as baikal in dash
so now SC price should at least do 10X in the next few weeks not because the fork but for Bitmain miners
SC team cant change the algorithm that easy that mean change the coin itself , it will be total loss if they did that and no one will take their product
at any mined coin look at difficulty chart and price chart u will find it the same
any coin gets its price from its difficulty
what happened with NXT because not mining like ETH
sia considered as currency and service same like ETH but in different way
coins like monero , zcash , ... only currencies got thier value from their mining difficulty
