Elongate (ELONGATE) vs Siacoin (SC) Comparison

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On this page, you can compare Elongate (ELONGATE) with Siacoin (SC). Which coin is better to buy now? What will be the better investment?

You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.

Company

User rating

3 / 5 1 user review 4.3 / 5 3 user reviews

Cryptogeek rating

0 / 5 4 / 5

Trust Score

How it works
1.8 / 5 4.18 / 5

About

Elongate crypto coin is a fast-growing token that came to be on March 25th, 2021. Created in the Binance Smart Chain, Elongate can be somewhat credited to Elon Musk and one of his tweets.
Siacoin is a utility token of the cloud storage platform called the Sia network. Sia is open-source and blockchain-based. The operations take place on Sia's own blockchain. The coin is used to pay for storage rent transactions. The coin is Proof-of-Work-based meaning that Siacoin can be mined. Another use for the coin is trading. 

Type

No data coin

Founding Date

2021 2015

Country

No data International

Languages

No data No data

Team

No data Public

Protocol

No data Public blockchain

Current price (USD)

No data 0.0055

All-time high (USD)

No data 0.1117

Price change (24h)

No data 0.40

Volume (24h)

No data 2806129.94449

Hashrate

No data 7110000

Max Supply

No data No data

Total supply

No data No data

Circulating Supply

No data 57769395000.00000

Transaction speed / Block time

No data 7

Transaction fee

No data No data

Mining profitability

No data No data

Algorithm

No data Blake2b

Proof type

No data PoW

Fully premined

No data No data

Smart contract address

No data No data

Total coins mined

No data 33098296530.00000

Is trading

No data yes

Block reward

No data 31301.000000000000

Block time

No data 600
Company
User rating User rating 3 / 5 1 user review User rating 4.3 / 5 3 user reviews
Cryptogeek rating Cryptogeek rating 0 / 5 Cryptogeek rating 4 / 5
Trust Score How it works Trust Score 1.8 / 5 Trust Score 4.18 / 5
About
Elongate crypto coin is a fast-growing token that came to be on March 25th, 2021. Created in the Binance Smart Chain, Elongate can be somewhat credited to Elon Musk and one of his tweets.
Siacoin is a utility token of the cloud storage platform called the Sia network. Sia is open-source and blockchain-based. The operations take place on Sia's own blockchain. The coin is used to pay for storage rent transactions. The coin is Proof-of-Work-based meaning that Siacoin can be mined. Another use for the coin is trading. 
Type Type No data Type coin
Founding Date Founding Date 2021 Founding Date 2015
Country Country No data Country International
Languages Languages No data Languages No data
Team Team No data Team Public
Protocol Protocol No data Protocol Public blockchain
Current price (USD) Current price (USD) No data Current price (USD) 0.0055
All-time high (USD) All-time high (USD) No data All-time high (USD) 0.1117
Price change (24h) Price change (24h) No data Price change (24h) 0.40
Volume (24h) Volume (24h) No data Volume (24h) 2806129.94449
Hashrate Hashrate No data Hashrate 7110000
Max Supply Max Supply No data Max Supply No data
Total supply Total supply No data Total supply No data
Circulating Supply Circulating Supply No data Circulating Supply 57769395000.00000
Transaction speed / Block time Transaction speed / Block time No data Transaction speed / Block time 7
Transaction fee Transaction fee No data Transaction fee No data
Mining profitability Mining profitability No data Mining profitability low
Algorithm Algorithm No data Algorithm Blake2b
Proof type Proof type No data Proof type PoW
Fully premined Fully premined No data Fully premined No data
Smart contract address Smart contract address No data Smart contract address No data
Total coins mined Total coins mined No data Total coins mined 33098296530.00000
Is trading Is trading No data Is trading yes
Block reward Block reward No data Block reward 31301.000000000000
Block time Block time No data Block time 600

Social

Website

www.elongate.cc sia.tech

Twitter

No data @Sia__Foundation
Website Website www.elongate.cc Website sia.tech
Twitter Twitter No data Twitter @Sia__Foundation

Advantages

- Clean interface Allows you to rent file storage space Permits you to make money renting space to others

Disadvantages

- The terminal can be tricky to use Not much information on security protocols

Rating

User rating User rating 3 / 5 1 user review User rating 4.3 / 5 3 user reviews
Cryptogeek rating Cryptogeek rating 0 / 5 Cryptogeek rating 4 / 5
Advantages Advantages - Advantages Clean interface Allows you to rent file storage space Permits you to make money renting space to others
Disadvantages Disadvantages - Disadvantages The terminal can be tricky to use Not much information on security protocols

Elongate (ELONGATE) user rating is 3, based on 1 user reviews. Siacoin (SC) user rating is 4.3, based on 3 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 4.18 / 5 Write review
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Elongate (ELONGATE) features

Elongate (ELONGATE) Cryptogeek user rating is 3, based on 1 user reviews.

Siacoin (SC) features

Siacoin (SC) price is 0.55. Its 24h volume is 2,806,130.94449. 24h price change is 0.4.

The circulating supply is 57,769,395,000.0.

Siacoin (SC) hash rate is 7110000. Siacoin (SC) transaction speed/block time is 7. Block reward is 31,301.0.

At the moment the number of coins mined is 33,098,296,530.0. Mining profitability is low.

Siacoin (SC) Cryptogeek user rating is 4.3, based on 3 user reviews.

Some basic rules

When trading cryptocurrency, you should take into account the following rules:

Keep track of emotions

Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.

Beware of hype

Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.

Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.

Don't be taken in by false news

An important lesson: do not believe the news, study the topic yourself.

Apply investments diversification strategy and risk management

Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.

  1. Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
  2. An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
  3. High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).

Lesson: never put all your eggs in one basket.

Do not store tokens on exchanges

Lesson: while tokens are stored on the exchange, do not consider them as yours.

On this page, you can compare Elongate (ELONGATE) with Siacoin (SC). Which coin is better to buy now? What will be the better investment?

You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.