With high risk comes high reward, and operating as a futures exchange gives Digitex a specialization and association, for better or worse. This a shortest-term evaluation and is best used by people with a very short horizon. Volatility measures how much, and how quickly, a cryptocurrency’s price moves. If you want a lot of action, high volatility might be right for you. If you don’t like seeing the value of your portfolio swing wildly, you might want some lower-volatility cryptocurrencies.
Scott Melker, a crypto trader and investor who calls himself ‘the Wolf of All Streets’, slammed GTX’s pitch deck as being in poor taste. Su Zhu and Kyle Davies are seeking to raise $25 million from investors to fund a new platform that they are currently calling ‘GTX’, according to a pitch deck seen by Insider. « If this launches, we deserve every second of this crypto ice age, » crypto trader Scott Melker said. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
This seems to have been stricken off the record presumably because no serious exchange would be happy giving Adam Todd the opportunity to scam their users. The likelihood is that Adam knew all too well that he had no chance of completing an IEO on a platform with actual users and simply did this to create ‘hype’ for their token. Unfortunately my telegram account was banned from the Blockster telegram group when I enquired about the promised IEO. At CryptoPredictions we provide daily, monthly and yearly predictions for Digitex and other cryptocurrencies. While we provide one of the most accurate predictions for DGTX on the market, they should never be taken as financial advice. As part of a convenient, robust, and highly liquid platform, customers can gain easy exposure to the fast-growing crypto market while benefiting from an optimized trading experience.
TomoChain (TOMO) Price Prediction 2022-2023
CVIX hints that the market is about to break loose, which corresponds with high to extremely high investment risk. Engage with the market only if you are a virtuoso of risk management. Having a fixed stop loss is a must in this situation; the position size should be kept to a minimum and with regard to a much larger risk-reward ratio. Now that you know the distinction between these three categories of cryptocurrencies, it would be much easier to make an educated decision regarding the composition of your crypto portfolio. Presented below is the in-depth analysis of Digitex Futures price action and the detailed prediction of its value change over the stretch of 1 to 5 years. The top 10 users will get 100,000 DGTX tokens each and the top 11 – 5000 users will get 1,000 DGTX tokens each.
Cryptocurrencies can be used as a store of value, unit of account and medium of exchange. These digital assets are secured on a distributed ledger called the “blockchain.” The first cryptocurrency was Bitcoin which was introduced in a whitepaper by pseudonymous creator Satoshi Nakamoto. The digital asset has since served as the benchmark crypto asset. To simplify the latest DGTX price prediction, we have divided up the prediction by short term Digitex price prediction and long term Digitex price prediction. As of writing this article, DGTX had a trading volume of $63,017.
Market Cap (USD)
The purpose of a moving average is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average and exponential moving average .
- Now comes the time to explain in detail the essence of the Crypto Volatility Index since it’s a centerpiece of our price prediction model that allows us to foresee the path that Digitex Futures will follow over the next 1 to 5 years.
- If you BUY it around here iT is low risk high reward probability.
- We can see below how the price of DGTX was pushed off a cliff after this news and the insider trading in the month preceding the announcement.
- He is also a founder of Racingtraders.co.uk trading community and a developer of BetTrader software, a trading tool that makes betting much faster.
- The analysis of market capitalization carries equal importance in both cryptocurrency and traditional markets.
DGTX token has different path in the price graph, initially after completing ICO in may 2018 the price maintaining the average price of $0.0072 USD. The first breakout movement for Digitex was begin in august 2018 and then it reaches to $0.16 USD i.e. counted as all-time high till now. Digitex is continue to follow weird trend because again in February to April 2020 it surged from $0.0033 USD to $0.13 USD just short to crossing all-time high record.
Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Most traders use candlestick charts, as they provide more information than a simple line chart. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.
Digitex Futures Price
Hopefully, this explanation will help crypto investors in their efforts to find the cryptocurrencies that will become a valuable addition to portfolios and contribute to the growth of their net worth in years to come. Please pay particular attention to the assets with the deflation feature as they have proven to be more predictable and, most importantly, profitable in the long run. However, that isn’t the last metric that we take into account when drawing the Digitex Futures price prediction for the near-term future. Trading volume is something that all cryptocurrency traders are heavily reliant on when analyzing the market and trying to forecast the price movement.
PoW mining requires specialised and expensive mining hardware to pull off, and this equipment consumes more energy and is difficult to maintain. The GTX pitch deck makes multiple references to the implosion of FTX, which rattled crypto markets last November as Sam Bankman-Fried’s crypto empire crumbled abruptly. It appears there was a huge dump in DGTX after yesterday’s event end. About 30% is a lot, but I am convinced that it is just temporary.
How is Digitex Futures correlated to other assets?
10% of https://coinbreakingnews.info/s are held to reward the project team for past and future activity. 20% of them are allocated to ensure free of charge operation of the exchange. It is from this number of coins that additional DGTX will be introduced into the market automatically every year.
DGTX Price Statistics
For more news, guides and rightmesh ico review icoscurrency analysis, click here. Digitex’s long-awaited spot exchange will allow traders to buy DGTX easily, securely, and without paying commissions or having to use a third-party exchange. For reference the original Blockster Whitepaper from May 2021, before it was edited to remove any mention of the attempt to sell 10 million tokens. However the sad reality of the situation was that only 238,118 tokens ended up being sold and any mention of the frankly embarrassingly poor initial coin offering was stripped from the Blockster website, to hide the failed sale.
Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid more risky investments. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Shorting cryptocurrency is a bet that the value will crash.
The $25 million in seed funding will be used to launch GTX “ASAP,” with a target of bringing the exchange to market by the end of February. By then, it plans on having features that include a streamlined system for onboarding FTX and other bankruptcy claims. Numerous users in CoinFLEX’s official telegram channel reacted to reports of GTX’s pitch deck on Tuesday.
A huge number of people are waiting for the launch of the platform . Therefore Digitex Futures is a safe harbor for short-term traders willing to make a profit out of small price fluctuations. These traders could bring more liquidity to the whole cryptocurrency market as they make trades much more frequently. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels.
You will note above that 1,761,882 tokens remain in the token sale, and only 2 million tokens were ever transferred to the sale as Todd and his team realised that even token sale phase 1 at its cheapest price was an outright failure. Buy and Sell over 150 coins on the world’s biggest crypto exchange – Binance. Adding Digitex to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. You can copy DGTX’s contract address and import it manually, or if you’ve installed MetaMask’s chrome extension, add DGTX to MetaMask with one click on CoinGecko. After U.S. regulators shook the crypto markets once again with…