Siacoin Charging Higher Today

Siacoin has charged 32% higher in the last 24 hours. The coin is still trading near the lower end of the 52-week range, but it has seen a bump of 33% over the last seven days and 85% over the last month. Traders following the coin will be watching to see if it can sustain upside momentum and get back to levels seen in early January.

Zooming in on some crypto trading activity, we have recently noted Siacoin (SC) moving to $0.0259 on volume of 28471039 for the day. Monitoring some key RSI levels, we note that the one-week is presently 91, the two-week relative strength is 90 and the four-week relative strength of the cryptocurrency is 94. Taking a deeper look at some other time frames, we note that the thirteen-week RSI is 74, and the twenty-six week relative strength is 72. All RSI values land on a scale from 0 to 100.

Many investors look to the Relative Strength Index (RSI) reading of a particular cryptocurrency to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder in the late 1970’s. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. Since its inception, RSI has remained very popular with traders and investors.

About Siacoin

Sia (Symbol: SC) is a decentralized storage system. Users in the world can contribute disk storage from their computers to create a decentralized network. With Sia cryptos, users can easily rent storage from hosts on Sia system, which is achieved through smart storage contracts saved on the distributed Sia blockchain. The smart contract system creates a payment to hosts once they have held the file for a reasonable amount of time. If hosts fail to keep the file, they do not get paid. The decentralized nature of the Sia storage network aids many optimizations in latency, reliability, throughput, and security. Through the nature of decentralized Sia network, users with storage are able to get paid, lower the barrier to entry and decrease the overall price of cloud storage. Also, they can rent storage utilizing Siacoins and host their storage to the system in return for compensation in the form of Siacoins.

Recent Tweets From @SiaTechHQ

Sia Tech
The Siafunds Tokenized Securities Offering concluded Saturday morning. We sold 231 Siafunds at $7,500 each, raising approximately $1.5 million to fuel Sia development. Read more at https://blog.sia.tech/siafunds-tso-outcome-43bef1fed948 
FRI APR 20

Sia Tech
Check out this week’s update and meet our newest team member! https://youtu.be/YVdHJEJ1oWk 
THU APR 19

Sia Tech
The Siafunds token sale is closing by Saturday at 11am eastern! Currently the clearing price is still $7500 per Siafund. If you would like to participate, please email us at investors@sia.tech or learn more at https://siafunds.tech 
MON APR 16

Sia Tech
MON APR 16

Sia Tech
8/ Capital raised will be used to support and expand the Sia development team, allowing for faster feature development, better testing, and faster response times to bug reports.
MON APR 16

Sia Tech
7/ The Siafunds auction is now open at a current clearing price of $7500 per Siafund, which is below current OTC prices. Learn more at https://siafunds.tech .