About 30% is a lot, but I am convinced that it is just temporary. 200 MA is holding and the development of the exchange token continues. It’s zero-fee structure and ladder trading are strong aces to beat Bybit, Bitmex and any similar exchange which might exist now or in the future. This calculation shows how much cryptocurrency can cost if we assume that their capitalization will behave like the capitalization of some Internet companies or technological niches. If you extrapolate the data, you can get a potential picture of the future price for 2022, 2023, 2024, 2025, 2026, and 2027. The percent change in trading volume for this asset compared to 1 hour ago.
The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including Digitex Futures. Most commonly, the RSI is used on a 14-day time frame. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.
Digitex (DGTX) launches zero-fee spot exchange
Basically, to eliminated transaction fees users need to mint or own DGTX token, in which all profit, loss margin and account balances will be denominated in the native token. Exchange platform simple theory to buy any other token user must need to buy DGTX token that will increase demand that will ultimately lead to revenue generation from the transaction fees with selling and buying of token. There are over 13,000 cryptocurrencies, and these can be classified into stablecoins, exchange tokens, DeFi tokens, governance tokens and more. Market cap is measured by multiplying token price with the circulating supply of DGTX tokens . It appears there was a huge dump in DGTX after yesterday’s event end.
- By having a curated and user-generated blog, an education area, and a high-quality content news…
- The best month for Digitex Futures has been August for the last six years, three times the price of DGTX at the end of August was higher than the price at the start of the month.
- All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn’t imply direct instructions for investing.
- 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.
This is a short-term price prediction/forecast, includes only the next 10 days, updated every 5 hours. 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. At the same time, traders can leverage low-risk, high-frequency strategies to maximize their profits and enhance their chances of winning. Most traders use candlestick charts, as they provide more information than a simple line chart.
Nowadays, it’s an asset class that is substantially regulated and even adopted as legal tender. Some large investment banks even acquire Digitex Futures and other cryptocurrencies en masse in order to protect their assets under management against the galloping inflation that cripples the traditional financial markets. Digitex Futures traders use a variety of tools to try and determine the direction in which the DGTX market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Digitex Futures price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.
You can see a list of https://coinbreakingnews.info/ed browsers in our Help Center. A month ago, on January 21, the market value of Digitex Futures was assessed to be $19 126. 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.
How profitable is an investment in Digitex Futures?
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. If you are trying to find cryptocurrencies with good return, you should explore the maximum of available sources of information about Digitex in order to make such a responsible decision about the investment by yourself. Speculate on cryptocurrency pairs with a brand regulated across 5 continents – Avatrade. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. The collective sales volume of NBA Top Shot NFTs has dropped 99% from its February 2021 peak. NFT ticketing is a secure and unique solution that allows you to own your ticket as a one-of-a-kind digital asset verified on the blockchain.
The content of Coin Insider does not constitute any type of investment advice. Needs to review the security of your connection before proceeding. Currently, the coin is experiencing small forms of consolidation which would produce 2 outcomes. Either the coin continues to drop towards the monthly level at 8565 sats then retests the subsequent monthly level at sats or it moves towards sats after breaking the daily level of sats. Please note that the ideas presented here are projections…
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. This particular term indicates the number of units transacted between buyers and sellers and vice versa over a particular time frame. The elevated trading volume usually points to the increased interest in DGTX or other cryptocurrency and often provides strong confirmation of the intentions of market participants.
What is Digitex Futures
The Digitex platform also provides some extremely valuable tools—such as our liquidity mining program which pays its users 290 DGTX rewards every minute for trading while ensuring high liquidity on the exchange. Broken out of consolidation and has pulled back to 50 fibs here on launch day. I was expecting a dump in the market today with the launch providing a good but opportunity. Will definitely be keeping the door open here for a moonshot of at least $1. Received an extra 2000 tokens today from opening airdrop. Having hope is not bad, but combining with strategy will make it benificial.
Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of DGTX. The market capitalization of Digitex Futures can change significantly in a short period of time. Digitex Futures is a commission-free cryptocurrency futures exchange with a rapid-fire one-click trading ladder and high leverage.
Many traders are making Digitex their platform of choice during 2021’s raging bull market. Unfortunately, it’s not that easy to get the free Digitex tokens, you don’t have to simply register. As a result, you’ll have to participate in the Digitex bounty program, to earn your free tokens. An overview showing the statistics of Digitex Futures, such as the base and quote currency, the rank, and trading volume. The table above shows the number of days which Digitex Futures closed above a certain price level.
If you are new or old to trading business, you might hear Trade the fear and buy the rumours and sell the news. Because more tokens will be issued after 2 years of existence to cover the costs of running the exchange. DGTX token is a native currency of Digitex that enables zero-fee spot and futures trading. The project is available for purchase with either Bitcoin, Ethereum, and/or USDC. Track over 10,000 crypto prices in real-time with ease. You should consider whether you fully understand them and whether you can afford to take the high risk of losing your money.
I would be very disappointed if this project gets delisted from Kucoin. They are active on Twitter, they are active in development. It’s a smooth working, good looking , fully functional exchange. And if they continue with good work and keep that kind of attitude, I can see holding this even through bear…
This chart shows long-term DGTX crypto price prediction for the next several years. First of all, thank you very much for reading and liking my past two articles, I’m overwhelmed. The chart presented above represents my complete past with the Digitex Futures Token .
Polygon vs. Ethereum: DeFi, NFTs, Gas Fees, and More
This particular metric is also used to gauge the dominance of pdf oracle certified professional java se 7 programmer exams Futures in relation to the rest of the cryptocurrency market, the changes in which might also offer hints at its future performance. To determine the current market capitalization of DGTX, we multiply the circulating supply, the parameter that will be explained later, by the present value of the cryptocurrency under review. As of today, the market capitalization of Digitex Futures stands at $22 838, which forms the basis for its present ranking that was mentioned earlier. Just like with any other asset, the price action of Digitex Futures is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.