The whole crypto-currency marketing is experiencing a severe downturn since its recent all time high. At one point, the crypto market capitalization had crossed into the $800 Billion US Dollar mark. It is currently sitting at about $500 Billion US Dollars. That's a rough hair cut of 40% percent in a matter of weeks.

Now, just like hair after a hair cut, I do believe that the crypto-currency market will begin to 'grow back.' Could there still be another shave to the crypto currency market? Sure, but there are signs that there are many more people still on the sidelines looking to invest in crypto-currency. For example, an exchange service for trading stocks will soon start $0 Fees trading of crypto-currency. The service is called Robinhood, and since this recent announcement, already has 1 Million users that signed up and are waiting for the launch of the crypto-trading to begin.

Another sign that people are still seriously investing in crypto-currency is the recent announcement and sale of the ANTMINER A3 by Bitmain.com. This ASIC miner will be using the blake (2b) Hash algorithm, which is used by SIA Coin. Bitmain has broken up the sale of the Antminer A3 into different batches, some of which have already sold out. There are currently some now available, but according to their website, will only be accepting Bitcoin Cash (BCH) as payment, and only allowing 1 unit per person.

As for SIA Coin and its team, led by entrepreneur and tycoon Li Xiaolai, it recently updated their wallet and had a major facelift to the website at Sia.tech. SIA Coin plans to change the Cloud Storage business by encrypting and distributing stored data across a decentralized network. According to SIA Coin, this could potentially drop the price for Cloud Storage by 90%, while maintaining a secure, highly robust and redundant system. SIA Coin's current price is around $0.034 US Cents (0.00000336 BTC) with around a $1 Billion US Dollar Market capitalization.

According to a 2015 article in Forbes Magazine, the cloud storage industry market cap value could reach $500 Billion US Dollars by the year 2020. Currently, the big players in Cloud storage are companies like Amazon and Microsoft. Should the idea and savings brought by SIA Coin's encrypted and decentralized storage network take flight, there could potentially be a huge run up in the price of SIA Coin. First, SIA Coin has to prove it can safely and securely protect user storage data, but it is well on its way with about 4.0 PB of storage capacity available, 870 actives hosts and 138TB currently used.

01/31/18
@streetstyle