Deep Dive
1. Network Upgrades & Adoption (Mixed Impact)
Overview: The June 2025 v2 hardfork introduced Utreexo (faster node syncing) and RHP4 (improved storage contracts), aiming to attract developers and enterprise users. However, active storage contracts grew only 12% post-upgrade (SiaStats), suggesting muted adoption.
What this means: While the tech foundation strengthens long-term utility, SC’s price remains disconnected from fundamentals. Sustained developer activity (e.g., Skynet integration) is critical to convert upgrades into demand.
2. Exchange Liquidity Risks (Bearish Impact)
Overview: OKX SG will delist SC on September 29, 2025, citing “listing criteria” unmet. SC’s 24h volume ($6.1M) already relies heavily on Upbit (38%) and Binance (29%) – further delistings could exacerbate illiquidity.
What this means: Thin order books may amplify volatility. Traders should monitor Upbit’s SC/KRW dominance and potential sell-offs pre-delisting.
3. Decentralized Storage Demand (Bullish Potential)
Overview: The global cloud storage market is projected to hit $390B by 2030 (Statista). Sia’s cost ($2/TB/month vs. AWS’s $23) positions it as a disruptor, but Filecoin and Arweave lead in enterprise partnerships.
What this means: SC could rally if Sia captures even 1% of the storage market, but requires breaking into niche verticals (e.g., medical data) where privacy is paramount.
Conclusion
Siacoin’s future hinges on converting technical strides into real-world adoption while navigating exchange-related headwinds. The $0.0025–$0.003 range (July 2025 support) is pivotal – a breakdown could target 2024 lows near $0.0015. Can the Sia Foundation accelerate partnerships to offset delisting risks?