What might have seemed to some like disaster, others have seen as an opportunity. In my previous analysis on Digitex three days ago, I predicted that we won't go much lower. The dump was driven fundamentally. After the Digitex exchange event with prizes ended, the people who were in it only for prizes took their capital elsewhere. DGTX is a platform for traders, so many have predicted this and are now buying back. Even -now- former member of Digitex trading academy was calling to sell all DGTX and buy a few days after the event (and was kicked for it).
Now that this is over, opportunists and prize-seekers no longer can dump the price and it is time to buy. Even though - the prize jumped a lot overnight, I still think this is very cheap in the long, short and especially middle-term run. I discussed the fundamental reasons in my previous analysis. Digitex is a revolutionary platform in its infant state. If it rises to where Bitmex or Bybit are now, imagine what the token will do. And since they have decent marketing and an outstanding product, I think they stand that chance.
Black averages are 200 daily SMA and EMA.
Now that this is over, opportunists and prize-seekers no longer can dump the price and it is time to buy. Even though - the prize jumped a lot overnight, I still think this is very cheap in the long, short and especially middle-term run. I discussed the fundamental reasons in my previous analysis. Digitex is a revolutionary platform in its infant state. If it rises to where Bitmex or Bybit are now, imagine what the token will do. And since they have decent marketing and an outstanding product, I think they stand that chance.
Black averages are 200 daily SMA and EMA.
