Siacoin LItecoin Filecoin: Price Analysis and future outlook
Sia came into existence rather in the mid of 2013 by David Vorick and Luke Champine of Nebulous incorporation. SC delivers secured hold transactions with smart contracts that are more dependable and reasonable.
The platform strives to address the present warehouse solutions, projects Amazon, Google, Microsoft, etc as its contender. The platform has received many rounds of funding and grants from Bain Capital Ventures, Paradigm, INBlockchain, etc.
Price Analysis of Siacoin
Siacoin is currently trading at $0.011, down 2.88% in the past 24 hours. The 7-day chart shows a downtrend from $0.048 to $0.011, which is a 78% decrease in siacoin price. The MACD indicator is in the negative territory, while the RSI is at 35, which suggests that the selling pressure is high. The support and resistance levels are $0.008 and $0.014, respectively.
Future Outlook of Siacoin
Siacoin, Litecoin, and Filecoin are all up and coming cryptos that have a lot of potential. Siacoin is a cloud storagecoin that is quickly gaining popularity due to its low fees and security.
Litecoin is a Bitcoin fork that is very similar to Bitcoin but has some improvements that make it faster and more efficient. Filecoin is a decentralize storage network that allows users to store data on the blockchain. All of these coins have great potential, and their prices are been expecting to rise in the near future.
Sharing parallels with Bitcoin, it operates on a Proof-of-Work agreement toolas. But the platform involves complex computational algorithms to abundance blocks that are then fastened to the blockchain of the network, which is a general register.
Also, powering confidential transactions, Litecoin turned out to be the network that verifiedverified every participant can exchange currencies with zero cost!
Every transaction made on the blockchain remains irreversible and gets store there forever! Like conventional blockchain technology, literally, nobody has edit key to the data/transaction on the Litecoin blockchain, thereby providing safety and clearness.
Price Analysis of Litecoin
Litecoin is a decentralize cryptocurrency that enables instant payments to anyone in the world and that can be efficiently mined with consumer-grade hardware. Litecoin is a fork of Bitcoin and it is unique in that it enables instant payments to anyone in the world, has a very low transaction fee, and is efficiently mined with consumer-grade hardware.
Future Outlook of Litecoin
Litecoin has had a great year so far. It started the year off at around $240 and is now worth over $1000. Many experts believe that it still has a lot of upside potential, and could even reach $4000 in the near future.
Some even believe that it could eventually overtake Bitcoin as the #1 cryptocurrency. Litecoin is currently in the process of implementing the Lightning Network, which should help it scale even further. Given all of these factors, Litecoin looks like a great investment opportunity.
Filecoin is an authorized decentralize warehouse system that’s objective is to “store humanity’s most important information”. Moreover, the asset is an open-source cloud storehouse cryptocurrency launching with the aim of blockchain-based collaborative digital storage and recovery.
Comparable to Ethereum, Cardano, and numerous other assets, Filecoin has its native token FIL. This is an ERC 20 token in Binance smart chain mainnet.