Why Sia Coin is down over 40%? These are file tokens, such as Arweave and Filecoin. Similar category. But due to the illusion of size and thus illusion of value, think five ants versus five cats along your footpath. You can see clearly five cats blocking your way. Ants? Five to five hundred. You can't digest the idea.
Hence Sia was below cents. So massive uptick is due to FOMO buying (and selling) in huge amounts in quantities until many many users disregard actual value moved and flow.
Filecoin moved upwards nice from five dollars to eight dollars. The relative price is bigger price per token. Hence users take some effort to mentally calculate each buy or sell. #Filecoin #Siacoin #Arweave