Testing algorithm on Siacoin.
This post is not a recommendation for followers, only forward testing of performance for personal record keeping.
Siacoin Purchase
Sia coin has an interesting concept that is very underrated. This coin has a solid use-case and is not very well known.
BENCHMARK
Sia has a circulating supply of only 31bn while Ripple (XRP) has a supply of 100bn.
The supply of SC 0.11% is significantly less than XRP and yet the price is far lower. Obviously, this can be explained by the maturity of XRP through the Ripple team development and the differing use-cases. However, SC 0.11% is only 3c, while XRP is pushing $3.00.
I can see SC 0.11% reach a price of at least 20c in the near future, just like the initial rally of XRP in early 2017.
I have just purchased 738k SC 0.11% at 2.96c that is within the small blue box on the chart. This trade will likely experience some draw-down, especially while completing the symmetrical triangle pattern . However, I am willing to hold this until it reaches the target price of 20c.
Please visit the Sia coin website for more details:
