Siacoin (SC) is a Cryptocurrency currently priced around ₹3 as of 2 May 2021. Sia is the leading decentralized cloud storage platform. This is just like Filecoin which also works on cloud storage. Filecoin is currently priced at ₹13000.
There has been a pump last month and the price went up to ₹4.7 on 17 April but after that, the price came down at the month-end when the market was down and all crypto prices came down. After that, the price has seen a little bit of pump but it is still down compared to its last month high.
Prices are almost stable for the last few days which shows its resistance and prices will not fall drastically. However, it is advised to not invest all your amount in one go but rather divide it into small parts and slowly invest to reduce losses in case of a price fall.
Siacoin may not get at the price of file coin but it can surely increase 4 to 5 of its current price.
So, it is the right to invest in the SC. Whether it's for the short term or long term, it will give a good return.
About Siacoin:
Sia is the leading decentralized cloud storage platform. No signups, no servers, no trusted third parties. Sia leverages blockchain technology to create a data storage marketplace that is more robust and more affordable than traditional cloud storage providers.