Sia is laying on a old support from last summer and is extremely oversold on the daily chart, like most of the altcoins. That would explain the sudden spike from today, that should continue until the rsi rise above 30.
But the most interesting for SC this year is that Nebulous are going to get it on the ground of real world usage, instead of focusing only on code-side development.
As stated by their road map:
Sia becomes production-ready for cold storage, begins to be used by companies, and introduces file sharing.
Ah. Siacoin is one of my favorite coins. I got in mid last year, so was really downhearted when it kept falling, but managed to book in all the SC I needed in January to recoup every single satoshi I spent, and then some. Small SC bags are happily held, and I even added a healthy top up in February (yes, they're in losses now) but I wouldn't worry. I think the selling pressure as we all know by now is the continuing merge mining, but this year will finally see its usage kick in. And then we'll all be kicking ourselves for not getting even more.
Just hope those deals don't fall through though.
