Deep Dive
1. Network Upgrades (Bullish Impact)
Overview:
Sia’s v2 “Final Cut” upgrade (completed December 2025) introduced Utreexo for faster node syncing and RHP4 for enhanced storage efficiency. Exchanges like Bybit and Poloniex supported the transition, ensuring continuity for traders.
What this means:
Improved technical infrastructure could attract developers and enterprise users, increasing SC’s utility. Historically, storage-focused upgrades (e.g., Filecoin’s FVM) correlate with short-term price rallies if adoption follows.
2. Exchange Delistings & Regulatory Risks (Bearish Impact)
Overview:
OKX SG delisted SC in September 2025 due to unmet listing criteria, mirroring earlier suspensions on Kraken and Upbit during network forks. Regulatory scrutiny under MiCA and U.S. securities laws adds compliance hurdles.
What this means:
Reduced exchange access limits retail participation and amplifies sell pressure during upgrades. SC’s 19.92% 24h volume drop post-delisting (OKX) highlights liquidity fragility.
3. Storage Adoption vs. Inflationary Supply (Mixed Impact)
Overview:
SC’s value depends on Sia’s decentralized storage adoption, which grew 15% YoY but trails centralized giants. Meanwhile, unlimited SC mining (30k/block) creates steady sell pressure from miners.
What this means:
Storage demand must outpace inflation (~3% annualized) for sustained price growth. SC’s 90-day price drop (-44.7%) aligns with declining network activity post-fork, suggesting weak near-term catalysts.
Conclusion
Siacoin’s future hinges on translating technical upgrades into real-world storage adoption while navigating liquidity risks from exchange exits. Watch the 30-day storage contract growth rate – a sustained uptick could signal bullish divergence from its inflationary model. Can Sia’s privacy focus carve a niche in the $100B cloud market, or will regulatory and competitive pressures prevail?