SiaCoin- The Next Big Bang or Bust - Jan 29- 2018
SiaCoin has been on the radar of many investors as of late. As one of the top 30 market cap coins and sitting at a tempting price of $0.04, Sia has caught the eye of those looking to throw cash at a low cost coin.
But what does the future hold for such a coin? The Sia Project is looking to disrupt the current Cloud Storage market, but with market competitors like Amazon, Microsoft and Google, where and how will David find its place in this market next to the Goliath's of the corporate world.
For one, Sia has changed their website to look clean, simple to navigate, and for investors, an easy roadmap to understand. Its greatest competitive component is its price in comparison to its competitors. According to Sia, " On average, Sia's decentralized cloud storage costs 90% less than incumbent cloud storage providers. Storing 1TB of files on Sia costs about $2 per month, compared with $23 on Amazon S3". Probably the biggest psychological advantage they have is the idea of decentralization the world we are moving towards.
Amazon Web Services, the cloud-computing business, grew 42 percent in the third quarter of 2017. The company reported AWS revenue of $4.58 billion, topping the $4.5 billion average analyst estimate, according to FactSet.
AWS still leads the market for cloud infrastructure, which companies can use to run their applications without worrying about maintaining the underlying data center hardware.
So the question becomes, how likely would it be for Amazon to create a similar Block Chain Technology for Cloud Storage with the pre-existing users on their platform? With the potential for retail sales to slow due to the possibility of hyper inflation, Amazon may look to their AWS service for saving.
Will Amazon continue to develop the area of their business as they have, or will Jeff Bezos notice the great potential Block Chain technology can have on providing his customers with the most competitive price advantage possible.
Only time will tell. I personally believe in the Sia project, but have concerns for their position in a market alongside conglomerates like Amazon, Google and Microsoft.
-CoinBox 2018