The best decentralized cloud storage = Siacoin?? +(SC/USD analysis)
Words
250
Reading
2 min
Listen
Play
9y
Siacoin is decentralized cloud backend.
- You can store any files you want and noone can control them except you since you hold the keys from your data. The prices are 10x lower than other cloud services nowadays, you pay just 2$ per 1TB of storage and you pay in SC which helps its growth.
- This solution of cloud storage is pretty smart and I am totally into it. On the other hand is just decentralized cloud storage idea big enough to have success on its own?? If you take for example Nebulas (decentralized search framework, smth like google but decentralized) it could easily implement cloud storage as another feature and many other cryptos could too...
I am adding my price analysis:
- We are in the correction phase as well as in almost every other crypto now. I made there a triangle and I think we will break from it down to the 62-65% line creating a double bottom correction and then continue up to the 24% which is the first algo target.
- I would say Siacoin could have and probably will have success in short term but in long run there will be much more coins implementing the idea of decentralized cloud storage and If Siacoin is completely relied only on their cloud service they probably won't last long :-(
Personally I love the idea of decentralized cloud since you are the master of your data but I think it is just not enough on its own...
# Sources: https://sia.tech/