Cryptocurrency

The Month In Review: Analyzing The Cryptocurrency Markets For June

Cryptocurrency
• Dave Reiter
July 2, 2020

The month leading up to July 1 was rather uneventful for the crypto universe, but not for DGTX! Yesterday’s KuCoin listing announcement, together with a boost to trader numbers above 1000, provided a stellar end to the month with a spectacular 15.9% gain compared to June 1.  

Elsewhere, the financial markets continue to remain focused on COVID-19 in terms of how the pandemic will impact the global economy. The rest of the major cryptocurrencies turned in a rather poor performance for the month. As you can see from the table, only three tokens were able to generate a positive rate of return with DGTX obviously the big winner.

Crypto Results For June

Cryptocurrency June 1 July 1 % Change
DGTX .0434 .0503 15.9%
Zcash 51.69 51.93 0.5%
Ethereum 230.98 231.15 0.1%
Monero 65.07 64.63 (0.7%)
Bitcoin 9,461 9,232 (2.4%)
Bitcoin Cash 239.88 223.79 (6.7%)
NEO 10.97 10.16 (7.4%)
Litecoin 45.49 41.72 (8.5%)
Dash 76.53 68.37 (10.7%)
EOS 2.67 2.37 (11.2%)
XRP .2029 .1770 (12.8%)

Source: CoinMarketCap

Digitex Delivers On Its Promise     

Digitex continues to onboard new traders to its state-of-the art trading platform, exceeding 1,000 mainnet users as of last week. The transition from testnet to mainnet has been very successful – so much so, that the DFE will be aggressively increasing the number of mainnet users from now on, aiming for 30,000 by the time of the public launch. This validates the fact that Adam Todd and the entire Digitex team have delivered on their promise to provide a cutting edge trading experience on a zero-fee exchange.

As you can see from the performance table, DGTX has rewarded its HODLers with a substantial rate of return during the past 30 days. Why did the native currency generate such a dramatic rally? Because DGTX has finally gained the recognition to become listed on a major global crypto exchange. 

Crypto traders can now access the DGTX token on KuCoin, which is one of the fastest-growing crypto exchanges, with over five million users. The KuCoin listing is another example of Digitex’s commitment to deliver on its promise to make Digitex one of the premier leaders in the crypto futures exchange industry. 

The future is bright at Digitex.    

Personal Comments

DGTX has the potential to move sharply higher. Please review the Fibonacci levels. 

DGTX Fibonacci Price Levels

Level 1 Level 2 Level 3 Level 4
.0548 .0717 .0886 .1435
Level 5 Level 6 Level 7 Level 8
.1773 .1983 .2152 .2321

Reviewing the Month in Crypto – Why Is Ethereum Outperforming Bitcoin?

Without question, Bitcoin is the undisputed leader of the crypto universe. BTC was the first cryptocurrency to enter the mainstream media. It easily dominates the digital asset ecosystem by controlling 64% of the market capitalization of all cryptocurrencies. When people discuss cryptocurrencies, they are usually referring to Bitcoin. 

However, just because BTC is the most popular cryptocurrency does not necessarily mean that it is the best performing digital asset. Bitcoin enjoyed a dramatic rally in 2017, easily outperforming all cryptocurrencies. 

Nevertheless, during the past 2 ½ years, BTC has struggled to regain its momentum. Although the price of Bitcoin has risen in 2020, it has been outperformed by several cryptocurrencies, most notably Ethereum (ETH). 

For example, ETH has increased by 68.4% during the past three months versus 36.2% for BTC. During the past six months, ETH has dramatically outperformed BTC. The numbers are 82.3% for ETH versus 27.6% for BTC. 

Why has Ethereum outperformed BTC in 2020? More importantly, will this trend continue? Let’s examine the details.    

Why Investors Are Bullish on ETH

Unlike Bitcoin, developers can program Ethereum to build new kinds of decentralized applications. Once these applications are uploaded to Ethereum, they will always run exactly as programmed. During the past few years, thousands of developers all over the world have been building applications on Ethereum.

Now, more Fortune 500 companies use Ethereum than any other cryptocurrency for their blockchain projects. Digitex also relies on the Ethereum blockchain for operating its commission-free crypto futures exchange.           

The most significant development Ethereum has enabled is smart contracts, allowing for the performance of a credible transaction without the need for a third party. You can use these contracts to mint tokens representative of money, property, shares of stock, fine art, automobiles, precious metals, or anything of value. The list is endless. Now, smart contracts are ushering in a new age of decentralized finance.

The Growth of DeFi

Beginning in 2019, several prestigious Wall Street firms began losing their most talented employees. These employees were abandoning six-figure jobs for the opportunity to work in cryptocurrency and blockchain technology. The “hot jobs” were in the area of decentralized finance, which is the migrating of financial services to a decentralized platform. 

DeFi, as it is more commonly known, has exploded in popularity during the past 12 to 18 months. In terms of cryptocurrency use cases, DeFi easily has some of the most upside potential. 

Why? Because financial services is a multi-trillion dollar industry. Specifically, global financial services is projected to reach $26.5 trillion by 2022. The overwhelming majority of crypto companies who are actively involved in DeFi have chosen to use the Ethereum blockchain for their various projects. 

This is simply another example of why ETH has outperformed BTC throughout 2020. Will this trend continue? Of course, it’s impossible to accurately forecast crypto trends. At least for now, traders and investors prefer ETH over BTC.       

Technical Analysis Favors Ethereum Over Bitcoin

In terms of technical analysis, ETH has a more bullish chart pattern than BTC. ETH is on the verge of a bullish breakout @ 252.05 (Chart #1).

The Month In Review: Analyzing The Cryptocurrency Markets For June 1

The bullish breakout for BTC is 10391. As you can see from Chart #2, BTC is not even close to its bullish breakout.

The Month In Review: Analyzing The Cryptocurrency Markets For June 2

Additionally, ETH has easily outperformed BTC during the past six months.      

Wrapping It Up

While BTC remains the first and flagship cryptocurrency, DGTX and ETH both offer more in the way of real-world utility. Nobody is suggesting that BTC is going to lose its position. However, the gains we’ve seen recently demonstrate that there’s an appetite for cryptos that deliver. Both DGTX and ETH are doing just that. 

Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.   

July 2, 2020
Cryptocurrency

The Month In Review: Analyzing The Cryptocurrency Markets For June

Dave Reiter
Cryptocurrency

The month leading up to July 1 was rather uneventful for the crypto universe, but not for DGTX! Yesterday’s KuCoin listing announcement, together with a boost to trader numbers above 1000, provided a stellar end to the month with a spectacular 15.9% gain compared to June 1.  

Elsewhere, the financial markets continue to remain focused on COVID-19 in terms of how the pandemic will impact the global economy. The rest of the major cryptocurrencies turned in a rather poor performance for the month. As you can see from the table, only three tokens were able to generate a positive rate of return with DGTX obviously the big winner.

Crypto Results For June

Cryptocurrency June 1 July 1 % Change
DGTX .0434 .0503 15.9%
Zcash 51.69 51.93 0.5%
Ethereum 230.98 231.15 0.1%
Monero 65.07 64.63 (0.7%)
Bitcoin 9,461 9,232 (2.4%)
Bitcoin Cash 239.88 223.79 (6.7%)
NEO 10.97 10.16 (7.4%)
Litecoin 45.49 41.72 (8.5%)
Dash 76.53 68.37 (10.7%)
EOS 2.67 2.37 (11.2%)
XRP .2029 .1770 (12.8%)

Source: CoinMarketCap

Digitex Delivers On Its Promise     

Digitex continues to onboard new traders to its state-of-the art trading platform, exceeding 1,000 mainnet users as of last week. The transition from testnet to mainnet has been very successful – so much so, that the DFE will be aggressively increasing the number of mainnet users from now on, aiming for 30,000 by the time of the public launch. This validates the fact that Adam Todd and the entire Digitex team have delivered on their promise to provide a cutting edge trading experience on a zero-fee exchange.

As you can see from the performance table, DGTX has rewarded its HODLers with a substantial rate of return during the past 30 days. Why did the native currency generate such a dramatic rally? Because DGTX has finally gained the recognition to become listed on a major global crypto exchange. 

Crypto traders can now access the DGTX token on KuCoin, which is one of the fastest-growing crypto exchanges, with over five million users. The KuCoin listing is another example of Digitex’s commitment to deliver on its promise to make Digitex one of the premier leaders in the crypto futures exchange industry. 

The future is bright at Digitex.    

Personal Comments

DGTX has the potential to move sharply higher. Please review the Fibonacci levels. 

DGTX Fibonacci Price Levels

Level 1 Level 2 Level 3 Level 4
.0548 .0717 .0886 .1435
Level 5 Level 6 Level 7 Level 8
.1773 .1983 .2152 .2321

Reviewing the Month in Crypto – Why Is Ethereum Outperforming Bitcoin?

Without question, Bitcoin is the undisputed leader of the crypto universe. BTC was the first cryptocurrency to enter the mainstream media. It easily dominates the digital asset ecosystem by controlling 64% of the market capitalization of all cryptocurrencies. When people discuss cryptocurrencies, they are usually referring to Bitcoin. 

However, just because BTC is the most popular cryptocurrency does not necessarily mean that it is the best performing digital asset. Bitcoin enjoyed a dramatic rally in 2017, easily outperforming all cryptocurrencies. 

Nevertheless, during the past 2 ½ years, BTC has struggled to regain its momentum. Although the price of Bitcoin has risen in 2020, it has been outperformed by several cryptocurrencies, most notably Ethereum (ETH). 

For example, ETH has increased by 68.4% during the past three months versus 36.2% for BTC. During the past six months, ETH has dramatically outperformed BTC. The numbers are 82.3% for ETH versus 27.6% for BTC. 

Why has Ethereum outperformed BTC in 2020? More importantly, will this trend continue? Let’s examine the details.    

Why Investors Are Bullish on ETH

Unlike Bitcoin, developers can program Ethereum to build new kinds of decentralized applications. Once these applications are uploaded to Ethereum, they will always run exactly as programmed. During the past few years, thousands of developers all over the world have been building applications on Ethereum.

Now, more Fortune 500 companies use Ethereum than any other cryptocurrency for their blockchain projects. Digitex also relies on the Ethereum blockchain for operating its commission-free crypto futures exchange.           

The most significant development Ethereum has enabled is smart contracts, allowing for the performance of a credible transaction without the need for a third party. You can use these contracts to mint tokens representative of money, property, shares of stock, fine art, automobiles, precious metals, or anything of value. The list is endless. Now, smart contracts are ushering in a new age of decentralized finance.

The Growth of DeFi

Beginning in 2019, several prestigious Wall Street firms began losing their most talented employees. These employees were abandoning six-figure jobs for the opportunity to work in cryptocurrency and blockchain technology. The “hot jobs” were in the area of decentralized finance, which is the migrating of financial services to a decentralized platform. 

DeFi, as it is more commonly known, has exploded in popularity during the past 12 to 18 months. In terms of cryptocurrency use cases, DeFi easily has some of the most upside potential. 

Why? Because financial services is a multi-trillion dollar industry. Specifically, global financial services is projected to reach $26.5 trillion by 2022. The overwhelming majority of crypto companies who are actively involved in DeFi have chosen to use the Ethereum blockchain for their various projects. 

This is simply another example of why ETH has outperformed BTC throughout 2020. Will this trend continue? Of course, it’s impossible to accurately forecast crypto trends. At least for now, traders and investors prefer ETH over BTC.       

Technical Analysis Favors Ethereum Over Bitcoin

In terms of technical analysis, ETH has a more bullish chart pattern than BTC. ETH is on the verge of a bullish breakout @ 252.05 (Chart #1).

The Month In Review: Analyzing The Cryptocurrency Markets For June 3

The bullish breakout for BTC is 10391. As you can see from Chart #2, BTC is not even close to its bullish breakout.

The Month In Review: Analyzing The Cryptocurrency Markets For June 4

Additionally, ETH has easily outperformed BTC during the past six months.      

Wrapping It Up

While BTC remains the first and flagship cryptocurrency, DGTX and ETH both offer more in the way of real-world utility. Nobody is suggesting that BTC is going to lose its position. However, the gains we’ve seen recently demonstrate that there’s an appetite for cryptos that deliver. Both DGTX and ETH are doing just that. 

Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.   

Latest News

A Beginners Guide to Digitex Futures  5

A Beginners Guide to Digitex Futures 

Digitex Futures
Cryptocurrency
• Digitex Futures
May 7, 2020

By Sulla Felix

As you saw from Cryptrader’s video yesterday, our first group of live traders has been having a ball on the mainnet. So when one of them approached us with a request to create some blog content to ensure that the DFE is accessible and usable even to complete newcomers, we jumped at the chance. So, a big welcome to Sulla, who’s kicking off with some guides to Digitex for absolute beginners. If you have non-crypto friends and want to introduce them to the wonders of zero-fee trading, this piece is a great place to start! 

“What is Digitex Futures? Why do I want it? Where do I get it from? How much does it cost? Where do I keep it? Where can I use it?” 

It’s April 2020 and my Ledger hard wallet holds DGTX tokens for 11 people. Myself, girlfriend, father, brother and seven friends. I feel like the next generation banker. From day one, I advise each of them to buy a hard wallet to store their tokens. And each comes back with the same question – what’s a hard wallet? 

Clearly, I have a lot of work to do. 

For those of us who have been part of the cryptocurrency community long enough to know the difference between a HODLer and a hardware wallet, it’s easy to forget that there is a huge learning curve involved in joining this space. Questions that seem so obvious to those following the Telegram channels are the exact obstacles that scare newcomers away from this opportunity. 

This article will take it down to the very basics, outlining some fundamentals. Ultimately, it aims to help in the understanding of what this technology can achieve, and support those who have little to no knowledge of cryptocurrencies. 

What is Digitex Futures?

Digitex Futures is an online cryptocurrency exchange platform that will allow its users to buy, sell and trade cryptocurrencies with no transaction fees or commissions on trades of any kind. To understand the significance of this you have to understand what a cryptocurrency is. 

To keep it simple – a cryptocurrency is an internet-based virtual currency that has a predetermined quantity and use case. Some say that virtual currencies are the next revolution of the financial system. 

Adoption of cryptocurrencies is ever-growing. Offering the best and most cost-effective platform to exchange these currencies sets Digitex Futures up to be a leading brand in the coming growth of cryptocurrency trading. To compare this to traditional index investing, Digitex Futures is the Vanguard of the cryptocurrency exchange platforms – it will be the only free to use platform within the entire cryptocurrency sector. 

Why Do I Want It?  

Why pay investment and trading fees when you don’t have to?

There are two main types of people who want to buy this currency: Traders and Investors. The Digitex Futures token (DGTX) is required to place trades on the Digitex platform, also known as the Digitex Futures Exchange. If you want to trade with zero-fees, you must use the DGTX token to buy and sell futures on cryptocurrencies. 

Now, this begs the question – what are futures? Futures contracts are used to bet on the growth or decline of cryptocurrencies, commodities, indices, and stocks without actually owning any of the underlying entities. 

We will look at futures in the coming weeks and how Digitex gives its users the edge versus its competition, but for now, the important aspect is zero fees being facilitated by the use of the DGTX token.

This simple use case creates value for traders as they will be able to save on fees, making their trading more efficient and lower risk. This creates demand for the DGTX token because it offers a cost saving compared to trading on alternative exchanges with high trading fees. Over time, these savings will compound to generate significant increases in profitability which we will outline in a future report so stay tuned!. 

Demand drives growth, and growth attracts investors. As an investor, you can buy and hold DGTX tokens the same way you would buy and hold a Vanguard ETF or company stock anticipating a return in investment due to compounded growth. In this case, that return on investment is through the growth of the Digitex token. After all, Digitex is simply a company that wants to make profits and provide for its investors. 

Where Do I Get It From? 

As of now, the most efficient way to buy the DGTX token is using Ethereum. 

What’s Ethereum? It is the blockchain that the Digitex token is built upon.

What’s the blockchain? It is the technology that allows for secure transactions across the internet. 

So Ethereum is a cryptocurrency that allows other cryptocurrencies to develop by renting its infrastructure. In crypto, Ethereum is the road that Mercedes, Ford, Toyota and other vehicles drive on. So, you buy Ethereum (ETH) and then you exchange it into Digitex (DGTX). 

Here is the breakdown of how to do this. 

  1. Set up a Coinbase account. What Netflix has become to streaming, Coinbase is to access cryptocurrencies. If you have a friend get them to send you an invite link and earn a little reward.
  2. Make sure you set up a 2-factor authenticator process for security, with codes sent to you by either phone, email, or via an app.
  3. Submit Identification. This is part of what is known as KYC (Know Your Customer) and is done for taxation and fraud purposes.
  4. Set up your payment details with Coinbase. A word of advice, use your bank account if possible, and not a credit card. Credit cards incur a 4% transaction fee on Coinbase and should be avoided if possible. Some countries cannot avoid this but if you can, you should.
  5. Buy Ethereum (ETH). When you purchase Ethereum you will see an exchange rate. At the time of writing, 1 Ethereum is worth $200USD so if you’re like my girlfriend, and you buy $3 worth of Ethereum, after fees you will only get 0.00711342ETH. 

Congratulations, you now own a cryptocurrency! It currently lives in your Coinbase account wallet and you can see it in the Portfolio tab. 

  1. Open a new tab in Google, type in ‘Mercatox’, hit enter. This will bring you to an exchange called Mercatox where you can use Ethereum to buy the DGTX token. There are other exchanges that you can also use called HitBTC, Changelly, and CryptoSouk but my personal favorite is Mercatox because there are Zebras in the troll box. 

(You can buy DGTX coins from the Digitex Futures Exchange itself if you own a cryptocurrency hard wallet by simply sending Ethereum to the Digitex Treasury. However, if you do not have a hard wallet or do not know what a hard wallet is, keep it simple and go to Mercatox for now)

  1. Set up your 2-Factor Authenticator on Mercatox. Always do this to increase the security of your account.
  2. When you have the Mercatox account setup, login and navigate to the E-WALLET tab at the top of the page. This is where your cryptocurrencies are stored on the exchange. Now, you want to send your recently purchased Ethereum to this wallet. To do this, click on the green deposit button seen below.
  3. This will open the following view, which is known as your wallet ID. This is essentially the routing number for your Mercatox Ethereum Wallet. Copy this number by clicking the copy button on the right. 

(Note: Your number will be unique to your address and will not be the same as below. This is my wallet address, do not send Ethereum to the below address – unless you want to send it to me.)

  1.  Go back to Coinbase and Navigate to your Portfolio. In this you will see Ethereum, click on it and you should see the below screen.
  2. Paste the Ethereum Wallet ID that you copied from Mercatox into the ‘To:’ section on the right. Click send all. Then Send.
  3. Confirm your transaction – security password.
  4. Wait a few minutes… 
  5.  Ethereum will arrive in your account on Mercatox and look as follows.
  6. Go to the Trade section of Mercatox. On the right you will see a list of trading pairs. This is where you can swap different cryptocurrencies at their given exchange rate. Click the star beside DGTX / ETH to favorite it, and click on DGTX / ETH to be able to trade it. 
  7. You will now see a chart for the DGTX price compared to ETH. When you scroll down there will be the buy and sell panes. This is where you can add orders to the book. The book is a list of buy orders (bids) and sell orders (asks) that are above and below the current market price. The bidders want to buy as cheap as possible and the askers want to sell as high as possible. So there’s a constant stand-off until one side of the book gives in. Now, if you want to buy, click on the top sell order.  In this case somebody is looking to sell 614.96DGTX at a price of 0.00021830 ETH. We have 0.0069ETH and so we can afford to buy 31DGTX at this price. Hit buy. 
  8. Congratulations you now own DGTX! You will be able to see it on the exchange in the E-WALLET section. 

It is advised that you do not keep large sums of money on an exchange, instead you should buy a hard wallet and transfer the DGTX to your hard wallet. A hard wallet is like a USB stick for accessing your funds and means nobody can access them without first stealing your physical stick and passwords. 

How Do I Use them?

In upcoming blog posts, I am going to demonstrate the functional use of the Digitex Futures Exchange and break down what all the different numbers that you see when you log onto the exchange mean. I hope to really help those who find it confusing the first time they use it so that they can get the most out of this platform. 

As of now, the Digitex platform has opened its doors with what is called a soft launch. It has onboarded 20 traders who have been willing to trade their DGTX tokens on the platform to test its function before full-scale adoption. Luckily for me, I am one of those traders.  

Very soon Digitex will be onboarding more traders to add to this and then we will see it open to the masses. So, grab some Digitex before it’s opened to all, sign up, and join the queue to be part of the early traders on the platform that is the future of futures trading.

May 7, 2020
Digitex Futures
Cryptocurrency

A Beginners Guide to Digitex Futures 

Digitex Futures
A Beginners Guide to Digitex Futures  6

By Sulla Felix

As you saw from Cryptrader’s video yesterday, our first group of live traders has been having a ball on the mainnet. So when one of them approached us with a request to create some blog content to ensure that the DFE is accessible and usable even to complete newcomers, we jumped at the chance. So, a big welcome to Sulla, who’s kicking off with some guides to Digitex for absolute beginners. If you have non-crypto friends and want to introduce them to the wonders of zero-fee trading, this piece is a great place to start! 

“What is Digitex Futures? Why do I want it? Where do I get it from? How much does it cost? Where do I keep it? Where can I use it?” 

It’s April 2020 and my Ledger hard wallet holds DGTX tokens for 11 people. Myself, girlfriend, father, brother and seven friends. I feel like the next generation banker. From day one, I advise each of them to buy a hard wallet to store their tokens. And each comes back with the same question – what’s a hard wallet? 

Clearly, I have a lot of work to do. 

For those of us who have been part of the cryptocurrency community long enough to know the difference between a HODLer and a hardware wallet, it’s easy to forget that there is a huge learning curve involved in joining this space. Questions that seem so obvious to those following the Telegram channels are the exact obstacles that scare newcomers away from this opportunity. 

This article will take it down to the very basics, outlining some fundamentals. Ultimately, it aims to help in the understanding of what this technology can achieve, and support those who have little to no knowledge of cryptocurrencies. 

What is Digitex Futures?

Digitex Futures is an online cryptocurrency exchange platform that will allow its users to buy, sell and trade cryptocurrencies with no transaction fees or commissions on trades of any kind. To understand the significance of this you have to understand what a cryptocurrency is. 

To keep it simple – a cryptocurrency is an internet-based virtual currency that has a predetermined quantity and use case. Some say that virtual currencies are the next revolution of the financial system. 

Adoption of cryptocurrencies is ever-growing. Offering the best and most cost-effective platform to exchange these currencies sets Digitex Futures up to be a leading brand in the coming growth of cryptocurrency trading. To compare this to traditional index investing, Digitex Futures is the Vanguard of the cryptocurrency exchange platforms – it will be the only free to use platform within the entire cryptocurrency sector. 

Why Do I Want It?  

Why pay investment and trading fees when you don’t have to?

There are two main types of people who want to buy this currency: Traders and Investors. The Digitex Futures token (DGTX) is required to place trades on the Digitex platform, also known as the Digitex Futures Exchange. If you want to trade with zero-fees, you must use the DGTX token to buy and sell futures on cryptocurrencies. 

Now, this begs the question – what are futures? Futures contracts are used to bet on the growth or decline of cryptocurrencies, commodities, indices, and stocks without actually owning any of the underlying entities. 

We will look at futures in the coming weeks and how Digitex gives its users the edge versus its competition, but for now, the important aspect is zero fees being facilitated by the use of the DGTX token.

This simple use case creates value for traders as they will be able to save on fees, making their trading more efficient and lower risk. This creates demand for the DGTX token because it offers a cost saving compared to trading on alternative exchanges with high trading fees. Over time, these savings will compound to generate significant increases in profitability which we will outline in a future report so stay tuned!. 

Demand drives growth, and growth attracts investors. As an investor, you can buy and hold DGTX tokens the same way you would buy and hold a Vanguard ETF or company stock anticipating a return in investment due to compounded growth. In this case, that return on investment is through the growth of the Digitex token. After all, Digitex is simply a company that wants to make profits and provide for its investors. 

Where Do I Get It From? 

As of now, the most efficient way to buy the DGTX token is using Ethereum. 

What’s Ethereum? It is the blockchain that the Digitex token is built upon.

What’s the blockchain? It is the technology that allows for secure transactions across the internet. 

So Ethereum is a cryptocurrency that allows other cryptocurrencies to develop by renting its infrastructure. In crypto, Ethereum is the road that Mercedes, Ford, Toyota and other vehicles drive on. So, you buy Ethereum (ETH) and then you exchange it into Digitex (DGTX). 

Here is the breakdown of how to do this. 

  1. Set up a Coinbase account. What Netflix has become to streaming, Coinbase is to access cryptocurrencies. If you have a friend get them to send you an invite link and earn a little reward.
  2. Make sure you set up a 2-factor authenticator process for security, with codes sent to you by either phone, email, or via an app.
  3. Submit Identification. This is part of what is known as KYC (Know Your Customer) and is done for taxation and fraud purposes.
  4. Set up your payment details with Coinbase. A word of advice, use your bank account if possible, and not a credit card. Credit cards incur a 4% transaction fee on Coinbase and should be avoided if possible. Some countries cannot avoid this but if you can, you should.
  5. Buy Ethereum (ETH). When you purchase Ethereum you will see an exchange rate. At the time of writing, 1 Ethereum is worth $200USD so if you’re like my girlfriend, and you buy $3 worth of Ethereum, after fees you will only get 0.00711342ETH. 

Congratulations, you now own a cryptocurrency! It currently lives in your Coinbase account wallet and you can see it in the Portfolio tab. 

  1. Open a new tab in Google, type in ‘Mercatox’, hit enter. This will bring you to an exchange called Mercatox where you can use Ethereum to buy the DGTX token. There are other exchanges that you can also use called HitBTC, Changelly, and CryptoSouk but my personal favorite is Mercatox because there are Zebras in the troll box. 

(You can buy DGTX coins from the Digitex Futures Exchange itself if you own a cryptocurrency hard wallet by simply sending Ethereum to the Digitex Treasury. However, if you do not have a hard wallet or do not know what a hard wallet is, keep it simple and go to Mercatox for now)

  1. Set up your 2-Factor Authenticator on Mercatox. Always do this to increase the security of your account.
  2. When you have the Mercatox account setup, login and navigate to the E-WALLET tab at the top of the page. This is where your cryptocurrencies are stored on the exchange. Now, you want to send your recently purchased Ethereum to this wallet. To do this, click on the green deposit button seen below.
  3. This will open the following view, which is known as your wallet ID. This is essentially the routing number for your Mercatox Ethereum Wallet. Copy this number by clicking the copy button on the right. 

(Note: Your number will be unique to your address and will not be the same as below. This is my wallet address, do not send Ethereum to the below address – unless you want to send it to me.)

  1.  Go back to Coinbase and Navigate to your Portfolio. In this you will see Ethereum, click on it and you should see the below screen.
  2. Paste the Ethereum Wallet ID that you copied from Mercatox into the ‘To:’ section on the right. Click send all. Then Send.
  3. Confirm your transaction – security password.
  4. Wait a few minutes… 
  5.  Ethereum will arrive in your account on Mercatox and look as follows.
  6. Go to the Trade section of Mercatox. On the right you will see a list of trading pairs. This is where you can swap different cryptocurrencies at their given exchange rate. Click the star beside DGTX / ETH to favorite it, and click on DGTX / ETH to be able to trade it. 
  7. You will now see a chart for the DGTX price compared to ETH. When you scroll down there will be the buy and sell panes. This is where you can add orders to the book. The book is a list of buy orders (bids) and sell orders (asks) that are above and below the current market price. The bidders want to buy as cheap as possible and the askers want to sell as high as possible. So there’s a constant stand-off until one side of the book gives in. Now, if you want to buy, click on the top sell order.  In this case somebody is looking to sell 614.96DGTX at a price of 0.00021830 ETH. We have 0.0069ETH and so we can afford to buy 31DGTX at this price. Hit buy. 
  8. Congratulations you now own DGTX! You will be able to see it on the exchange in the E-WALLET section. 

It is advised that you do not keep large sums of money on an exchange, instead you should buy a hard wallet and transfer the DGTX to your hard wallet. A hard wallet is like a USB stick for accessing your funds and means nobody can access them without first stealing your physical stick and passwords. 

How Do I Use them?

In upcoming blog posts, I am going to demonstrate the functional use of the Digitex Futures Exchange and break down what all the different numbers that you see when you log onto the exchange mean. I hope to really help those who find it confusing the first time they use it so that they can get the most out of this platform. 

As of now, the Digitex platform has opened its doors with what is called a soft launch. It has onboarded 20 traders who have been willing to trade their DGTX tokens on the platform to test its function before full-scale adoption. Luckily for me, I am one of those traders.  

Very soon Digitex will be onboarding more traders to add to this and then we will see it open to the masses. So, grab some Digitex before it’s opened to all, sign up, and join the queue to be part of the early traders on the platform that is the future of futures trading.

Latest News

exchange tokens

Major Exchange Tokens Prove Solid Potential for ROI

Cryptocurrency
Digitex Futures
• Dave Reiter
March 13, 2020

Exchange token holders usually receive certain benefits or “perks” from the exchange. These could be a discount on trading fees, the right to participate in the governance process or as a way to reward market makers who create liquidity in the exchange. Some of the best faring exchange tokens out there right now are BNB, HT, and KCS. So, how does DGTX and its commission-free model stack up? 

A Look at Popular Exchange Tokens

Exchange tokens (ETs) began to emerge around the middle of 2017. Consequently, there is a limited amount of available data to determine the success of these tokens in terms of their ROI. However, let’s review the data that is available in order to determine how well exchange tokens have performed. 

We will analyze four of the more popular exchange tokens in terms of market capitalization, daily volume and the total supply of tokens. These are Binance’s BNB token, KuCoin’s KCS, Huobi’s HT, and our very own DGTX.

For an in-depth analysis of each one of these exchange tokens compared to DGTX individually, be sure to check out our blogs on the links above. In this article, we’re going to take a deep dive into the numbers and see what they tell us about how these four exchange tokens fare.

Analyzing The Four Popular Exchange Tokens’ Data

BNB, KCS, HT, and DGTX Key Stats
Token Market Cap Avg 24 hr Volume Circulating Supply Overall Supply
BNB $4.003.071.152 $516.095.840 155.536.713 187.536.713
KCS $106.269.125 $9.603.367 81.850.451 171.850.451
HT $1.118.634.736 $399.667.465 236.468.066 500.000.000 
DGTX $29.456.612 $1.637.231 802.500.000  1.000.000.000
Source: CoinMarketCap Feb 12, 2020

As you can see from the table above, BNB is easily the most heavily traded exchange token in comparison to KCS, HT and DGTX. The same is also true in terms of market capitalization. Although, Huobi’s HT is certainly progressing fast.

Many traders are confused as it relates to market capitalization. The formula for market cap is actually quite simple. It’s the price of the exchange token multiplied by the circulating supply.  

It’s worth noting that DGTX currently has a fairly low daily volume of over $1.6M. The volume will increase dramatically when the Digitex Futures exchange mainnet launches on 27 April.  

If you want to get involved in the next revolution in crypto derivatives trading, you can buy DGTX by clicking on the button below. You’ll get an instant transaction with zero slippage buying directly from the Digitex Treasury including a 10% bonus airdropped into your account upon the mainnet launch.

BUY DGTX

Without question, exchange tokens have proven to be very popular among traders and investors within the crypto industry. And this popularity has translated into a positive return on investment (ROI) for them. Let’s examine the numbers.

Exchange Tokens Provide Excellent ROI

BNB, KCS, HT, and DGTX Return on Investment
Token ICO Date ICO Price Current Price Rate of Return
BNB 1 July 2017 $0.100 $25.71 25,610%
KCS 13 Aug 2017 $0.224 $1.30 580.11%
HT 24 Jan 2018 $1.52 $4.73 311.2%
DGTX 15 Jan 2018 $0.010 $0.366 350%
Source: CoinMarketCap Feb 12, 2020

As you can see, each exchange token is well above its ICO price. BNB investors have enjoyed an incredible rate of return since its ICO. 

Binance launched its ICO at the perfect time. As you may recall, July 2017 marked the beginning of the huge rally in Bitcoin. BNB benefitted from a wave of speculative fever that engulfed the crypto industry during the summer and fall of 2017.

Perhaps as impressive as BNB has been the performance of DGTX. Why? Because the DGTX ICO occurred during the beginning of the cryptocurrency bear market. The bear market continued for more than a year and a half and still has yet to retest its 2017 highs. 

Despite the poor market conditions, the DGTX token has managed to reward its investors with a spectacular rate of return of 350% at the time of writing. Additionally, Digitex has not even launched its futures trading exchange yet.

Although it’s impossible to forecast the price performance of any asset class, the DGTX token appears to have more upside potential when Digitex opens its exchange for trading.   

Personal Observations

 Why have exchange tokens easily outperformed many other crypto investments so far? Based on my research, cryptocurrency exchanges offer the “purest investment play” within the crypto universe.

Over the course of the next decade, the digital currency industry will provide investors with a wide variety of opportunities to profit from this new asset class. Most likely, cryptocurrency exchanges will be at the top of the list in regard to return on investment (ROI). 

In my opinion, this explains why exchange tokens have performed so well, despite the crypto bear market. 

If you’re anxious to see what zero-free trading looks like on a one-click trading ladder, sign up for an account on the Digitex beta by clicking the button below. You can even try your hand at winning real DGTX prizes by entering the daily Digitex Trading Battle.

SIGN UP HERE

Full Disclosure:  Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

March 13, 2020
Cryptocurrency
Digitex Futures

Major Exchange Tokens Prove Solid Potential for ROI

Dave Reiter
exchange tokens

Exchange token holders usually receive certain benefits or “perks” from the exchange. These could be a discount on trading fees, the right to participate in the governance process or as a way to reward market makers who create liquidity in the exchange. Some of the best faring exchange tokens out there right now are BNB, HT, and KCS. So, how does DGTX and its commission-free model stack up? 

A Look at Popular Exchange Tokens

Exchange tokens (ETs) began to emerge around the middle of 2017. Consequently, there is a limited amount of available data to determine the success of these tokens in terms of their ROI. However, let’s review the data that is available in order to determine how well exchange tokens have performed. 

We will analyze four of the more popular exchange tokens in terms of market capitalization, daily volume and the total supply of tokens. These are Binance’s BNB token, KuCoin’s KCS, Huobi’s HT, and our very own DGTX.

For an in-depth analysis of each one of these exchange tokens compared to DGTX individually, be sure to check out our blogs on the links above. In this article, we’re going to take a deep dive into the numbers and see what they tell us about how these four exchange tokens fare.

Analyzing The Four Popular Exchange Tokens’ Data

BNB, KCS, HT, and DGTX Key Stats
Token Market Cap Avg 24 hr Volume Circulating Supply Overall Supply
BNB $4.003.071.152 $516.095.840 155.536.713 187.536.713
KCS $106.269.125 $9.603.367 81.850.451 171.850.451
HT $1.118.634.736 $399.667.465 236.468.066 500.000.000 
DGTX $29.456.612 $1.637.231 802.500.000  1.000.000.000
Source: CoinMarketCap Feb 12, 2020

As you can see from the table above, BNB is easily the most heavily traded exchange token in comparison to KCS, HT and DGTX. The same is also true in terms of market capitalization. Although, Huobi’s HT is certainly progressing fast.

Many traders are confused as it relates to market capitalization. The formula for market cap is actually quite simple. It’s the price of the exchange token multiplied by the circulating supply.  

It’s worth noting that DGTX currently has a fairly low daily volume of over $1.6M. The volume will increase dramatically when the Digitex Futures exchange mainnet launches on 27 April.  

If you want to get involved in the next revolution in crypto derivatives trading, you can buy DGTX by clicking on the button below. You’ll get an instant transaction with zero slippage buying directly from the Digitex Treasury including a 10% bonus airdropped into your account upon the mainnet launch.

BUY DGTX

Without question, exchange tokens have proven to be very popular among traders and investors within the crypto industry. And this popularity has translated into a positive return on investment (ROI) for them. Let’s examine the numbers.

Exchange Tokens Provide Excellent ROI

BNB, KCS, HT, and DGTX Return on Investment
Token ICO Date ICO Price Current Price Rate of Return
BNB 1 July 2017 $0.100 $25.71 25,610%
KCS 13 Aug 2017 $0.224 $1.30 580.11%
HT 24 Jan 2018 $1.52 $4.73 311.2%
DGTX 15 Jan 2018 $0.010 $0.366 350%
Source: CoinMarketCap Feb 12, 2020

As you can see, each exchange token is well above its ICO price. BNB investors have enjoyed an incredible rate of return since its ICO. 

Binance launched its ICO at the perfect time. As you may recall, July 2017 marked the beginning of the huge rally in Bitcoin. BNB benefitted from a wave of speculative fever that engulfed the crypto industry during the summer and fall of 2017.

Perhaps as impressive as BNB has been the performance of DGTX. Why? Because the DGTX ICO occurred during the beginning of the cryptocurrency bear market. The bear market continued for more than a year and a half and still has yet to retest its 2017 highs. 

Despite the poor market conditions, the DGTX token has managed to reward its investors with a spectacular rate of return of 350% at the time of writing. Additionally, Digitex has not even launched its futures trading exchange yet.

Although it’s impossible to forecast the price performance of any asset class, the DGTX token appears to have more upside potential when Digitex opens its exchange for trading.   

Personal Observations

 Why have exchange tokens easily outperformed many other crypto investments so far? Based on my research, cryptocurrency exchanges offer the “purest investment play” within the crypto universe.

Over the course of the next decade, the digital currency industry will provide investors with a wide variety of opportunities to profit from this new asset class. Most likely, cryptocurrency exchanges will be at the top of the list in regard to return on investment (ROI). 

In my opinion, this explains why exchange tokens have performed so well, despite the crypto bear market. 

If you’re anxious to see what zero-free trading looks like on a one-click trading ladder, sign up for an account on the Digitex beta by clicking the button below. You can even try your hand at winning real DGTX prizes by entering the daily Digitex Trading Battle.

SIGN UP HERE

Full Disclosure:  Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

Latest News

DGTX Has Huge Upside Potential - If You’re Willing to Stay the Course  7

DGTX Has Huge Upside Potential – If You’re Willing to Stay the Course 

Cryptocurrency
Digitex Futures
• admin
September 3, 2019

Battle-hardened by 16 months of big challenges and now finally ready to launch its Testnet on 30th November, Digitex Futures is finally on track to realize the promise of an industry-changing idea. Read here some of the trials and challenges along the way and why I remain a firm believer that DGTX has huge upside potential for those willing to stay the course. Luke Green explains… 

A Long, Eventful Road for DGTX

For those of you who have been around a while, you’ll know that getting to this point has been a very eventful journey for Digitex Futures. The twists and turns, and highs and lows have perhaps tested the patience and resolve of even the most ardent enthusiasts. 
But should we be surprised? Some would argue not. Innovation is hard, it requires focus, agility and, in some cases, flying in the face of strong prevailing winds.
Digitex Futures is unique for a number of reasons–not least of all because it has been forged almost entirely in the public eye. It has created a strong demand in advance of its platform and, as a result, we have all been invited to take part in the initial stages of a tech company. Unlike we’d all like to imagine there isn’t a straight line to success and beyond. It’s often a very haphazard experience of trial and error that many rarely see or experience.
While it seems counter-intuitive, failure and specifically how a company reacts to it, is in many respects, what shapes and defines it. As Adam has mentioned, “what doesn’t kill you makes you stronger.” With two very public launch delays, Digitex has been tested with its fair share of setbacks. These have been tough for all involved but they have also defined the decisions that led to the news that the testnet will launch on 30th November.

A Mixed Reaction

While this news is extremely bullish long term for the project, there has been a very mixed reaction from the market reflected in the DGTX token price. For some holders, both the date and the fact that it’s only a Testnet release have been a disappointment. In part, this is perhaps due to some optimism that the Dublin codebase would provide more of a timeline advantage and, rather than a Testnet, we’d be gunning for a live platform.
However, via each of the methodical SmartDec updates, it has become clear that there have been some big engineering and mathematical challenges to solve with the original work. Understandably given the timing of their entry to the project, SmartDec has remained very cautious and clearly wants to improve on previous expectations management. 
With that in mind, the fact the team has recently provided dates can be read as a very good sign. It suggests that the biggest engineering challenges are now behind them, allowing them to focus on build-out and beta-testing.

A Phase of Consolidation

When it comes to creating excitement around Digitex Futures, Adam has clearly delivered. Just a cursory glance back through the Digitex YouTube channel will reveal a CEO who is just as passionate as he is transparent about the project. However, through his own admission, this enthusiasm and transparency have led to mistakes.
As a result, the market quite rightly wants to see clear evidence of progress and Adam finds himself having to traverse a long period of development consolidation, with two launch delays hanging over him. As we move through this period (which is more about the technical details than exciting marketing tactics), we are seeing an understandably buttoned-down CEO having to bite his lip.
He naturally wants to rev up promotional plans or show us what SmartDec has been building. But he knows the project is under a great deal of scrutiny from both holders and the wider industry and it’s important to get this right.
Depending on your appetite for risk, this presents a number of scenarios. You could see it as the perfect time to sit on the sidelines or like many holders have concluded, a fantastic opportunity to accumulate more DGTX tokens. Whatever your position, you can be sure the moment Adam is given the green light by SmartDec with a product to promote, things are going to get pretty exciting very quickly!

The Next Key Moments

For both investors and long term holders, it’s clear that Digitex Futures has a few very key moments ahead of it. Especially given that there is much to prove due to the historical delays. As a result, here are a few aspects I’ll be keeping an eye out for that could rapidly and positively affect sentiment.

  • SmartDec is due to write up the work they have been doing to date this week; expect this to add further evidence that shows the platform is finally on track.
  • While we know the launch date of the Testnet, any evidence (screenshots/video demos) of the platform in the meantime could see a dramatic uptick in project interest.
  • News of the first testers being let into the platform will also be a big indicator of platform development progress.
  • The Testnet might occur earlier than expected – don’t bet on it – but if it does it will be a great sign for the market and DGTX price.

Summing Up

There’s no mistake, Digitex Futures has everything to prove right now especially while there remains uncertainty around some of the key features like the practicalities of the peg system. However, with effective and talented developers on board, it’s clear to see that Adam and his team have the opportunity to start providing consistent and realistic feature updates and continue to return confidence to the project. 
As further evidence builds that the project is on course, it seems it’s only a matter of time that, yet again, DGTX will be building up a serious head of steam. When you factor in that a go-live date could be less than six months away, with perhaps some surprises along the way, there’s no way I’ll be doing anything but adding to my position.
Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

September 3, 2019
Cryptocurrency
Digitex Futures

DGTX Has Huge Upside Potential – If You’re Willing to Stay the Course 

admin
DGTX Has Huge Upside Potential - If You’re Willing to Stay the Course  8

Battle-hardened by 16 months of big challenges and now finally ready to launch its Testnet on 30th November, Digitex Futures is finally on track to realize the promise of an industry-changing idea. Read here some of the trials and challenges along the way and why I remain a firm believer that DGTX has huge upside potential for those willing to stay the course. Luke Green explains… 

A Long, Eventful Road for DGTX

For those of you who have been around a while, you’ll know that getting to this point has been a very eventful journey for Digitex Futures. The twists and turns, and highs and lows have perhaps tested the patience and resolve of even the most ardent enthusiasts. 
But should we be surprised? Some would argue not. Innovation is hard, it requires focus, agility and, in some cases, flying in the face of strong prevailing winds.
Digitex Futures is unique for a number of reasons–not least of all because it has been forged almost entirely in the public eye. It has created a strong demand in advance of its platform and, as a result, we have all been invited to take part in the initial stages of a tech company. Unlike we’d all like to imagine there isn’t a straight line to success and beyond. It’s often a very haphazard experience of trial and error that many rarely see or experience.
While it seems counter-intuitive, failure and specifically how a company reacts to it, is in many respects, what shapes and defines it. As Adam has mentioned, “what doesn’t kill you makes you stronger.” With two very public launch delays, Digitex has been tested with its fair share of setbacks. These have been tough for all involved but they have also defined the decisions that led to the news that the testnet will launch on 30th November.

A Mixed Reaction

While this news is extremely bullish long term for the project, there has been a very mixed reaction from the market reflected in the DGTX token price. For some holders, both the date and the fact that it’s only a Testnet release have been a disappointment. In part, this is perhaps due to some optimism that the Dublin codebase would provide more of a timeline advantage and, rather than a Testnet, we’d be gunning for a live platform.
However, via each of the methodical SmartDec updates, it has become clear that there have been some big engineering and mathematical challenges to solve with the original work. Understandably given the timing of their entry to the project, SmartDec has remained very cautious and clearly wants to improve on previous expectations management. 
With that in mind, the fact the team has recently provided dates can be read as a very good sign. It suggests that the biggest engineering challenges are now behind them, allowing them to focus on build-out and beta-testing.

A Phase of Consolidation

When it comes to creating excitement around Digitex Futures, Adam has clearly delivered. Just a cursory glance back through the Digitex YouTube channel will reveal a CEO who is just as passionate as he is transparent about the project. However, through his own admission, this enthusiasm and transparency have led to mistakes.
As a result, the market quite rightly wants to see clear evidence of progress and Adam finds himself having to traverse a long period of development consolidation, with two launch delays hanging over him. As we move through this period (which is more about the technical details than exciting marketing tactics), we are seeing an understandably buttoned-down CEO having to bite his lip.
He naturally wants to rev up promotional plans or show us what SmartDec has been building. But he knows the project is under a great deal of scrutiny from both holders and the wider industry and it’s important to get this right.
Depending on your appetite for risk, this presents a number of scenarios. You could see it as the perfect time to sit on the sidelines or like many holders have concluded, a fantastic opportunity to accumulate more DGTX tokens. Whatever your position, you can be sure the moment Adam is given the green light by SmartDec with a product to promote, things are going to get pretty exciting very quickly!

The Next Key Moments

For both investors and long term holders, it’s clear that Digitex Futures has a few very key moments ahead of it. Especially given that there is much to prove due to the historical delays. As a result, here are a few aspects I’ll be keeping an eye out for that could rapidly and positively affect sentiment.

  • SmartDec is due to write up the work they have been doing to date this week; expect this to add further evidence that shows the platform is finally on track.
  • While we know the launch date of the Testnet, any evidence (screenshots/video demos) of the platform in the meantime could see a dramatic uptick in project interest.
  • News of the first testers being let into the platform will also be a big indicator of platform development progress.
  • The Testnet might occur earlier than expected – don’t bet on it – but if it does it will be a great sign for the market and DGTX price.

Summing Up

There’s no mistake, Digitex Futures has everything to prove right now especially while there remains uncertainty around some of the key features like the practicalities of the peg system. However, with effective and talented developers on board, it’s clear to see that Adam and his team have the opportunity to start providing consistent and realistic feature updates and continue to return confidence to the project. 
As further evidence builds that the project is on course, it seems it’s only a matter of time that, yet again, DGTX will be building up a serious head of steam. When you factor in that a go-live date could be less than six months away, with perhaps some surprises along the way, there’s no way I’ll be doing anything but adding to my position.
Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

Latest News

Digitex Is Reopening Its Epic Waitlist - 5 Million DGTX Giveaway! 9

Digitex Is Reopening Its Epic Waitlist – 5 Million DGTX Giveaway!

Cryptocurrency
Digitex Futures
• admin
August 31, 2019

We finally have a launch date for the testnet (30th November!) and we want to get started the best way possible. With more than 1.5 million people already signed up to our waitlist, there’s already a huge demand for zero fee Bitcoin futures trading. But since more active traders on the platform means more liquidity and greater demand for DGTX, we’re going to keep on growing our waitlist–and up the rewards for referrals as well.

The Digitex Waitlist Is Reopening

That’s right, the mammoth Digitex Waitlist is reopening! Will there be another chance to win free DGTX? Absolutely. Simply join the Digitex Waitlist and start sharing your unique link amongst your friends. The more friends you refer to the waitlist, the further up the list you get.
The top 10 names on the list will each win 50,000 DGTX each. And the top 500 names on the waitlist will get 1,000 DGTX each.
But the good news is that this time around we’re not just doing one waitlist–we’re doing 5 different waitlists! We’re launching a different waitlist for the South Korean, Japanese, Chinese, Russian and English speaking markets! That’s a total of 5 MILLION DGTX that we’re giving away. 
This will incentivize people to spread the word about Digitex around the world and also help them receive accurate and relevant information in their respective languages. Everyone that signs up receives a series of emails in their own language telling them all about Digitex.
Join the South Korean / Japanese / Chinese / Russian / English Digitex Waitlist and start sharing your unique referral link.
As CEO and Founder of Digitex Futures Adam Todd enthused:

“The popularity of the Digitex waitlist demonstrates the massive demand for commission-free futures trading. That’s why we have decided to reopen it in new markets to bring new eyes to the project because we know what happens when we create a surge of traffic ahead of an anticipated launch date. The last time we launched our waitlist the token price went crazy after just a few weeks. And this time with our new affiliate program built into it I expect to see even better results.”

The Digitex Affiliate Program

To incentivize as many people as possible to join the Digitex Futures revolution, we’ve also launched our very first affiliate program! The affiliate program is designed to drive token sales to the Digitex Treasury. 
Simply sign up to our waitlist and share your unique link with friends. If any of your friends that you refer to the waitlist buy DGTX tokens from the Digitex Treasury, we’ll give you 15% of their purchase. And if any of your friends then refer their friends who end up buying DGTX from the Digitex Treasury, we’ll give you 5% of those sales too.
It’s really easy to track your sales and get paid. Simply create an account on our affiliate portal using the same email that you signed up to the waitlist and you’ll be able to track your sales. We payout your rewards in ETH on a daily basis.

How To Refer Friends and Earn ETH:

  1. Signup on the Digitex Waitlist to generate a unique link
  2. Share your unique link with friends
  3. Create an account on our affiliate portal to track your sales and get paid in ETH

The Takeaway

We couldn’t be more excited to launch the public testnet and share our exchange with you for the very first time. They say that the third time is a charm. This time around, we’ve got the perfect team for the job, we’re ready to market to and inform more countries around the world, and we’re giving affiliates serious rewards for their work. 
Please note that if you were among the last campaign winners, your name has been removed from the list. We want to give everyone an equal opportunity to receive the top prizes, that’s why the previous 5000 winners have been taken off and will need to reenter with a new email to participate. We wish you all the very best of luck–and thank you for helping us make Digitex epic!
Got questions about the waitlist, affiliate program, testnet, or anything else? Don’t be afraid to join in the conversation on Telegram or ask about Telegram in your native language.

August 31, 2019
Cryptocurrency
Digitex Futures

Digitex Is Reopening Its Epic Waitlist – 5 Million DGTX Giveaway!

admin
Digitex Is Reopening Its Epic Waitlist - 5 Million DGTX Giveaway! 10

We finally have a launch date for the testnet (30th November!) and we want to get started the best way possible. With more than 1.5 million people already signed up to our waitlist, there’s already a huge demand for zero fee Bitcoin futures trading. But since more active traders on the platform means more liquidity and greater demand for DGTX, we’re going to keep on growing our waitlist–and up the rewards for referrals as well.

The Digitex Waitlist Is Reopening

That’s right, the mammoth Digitex Waitlist is reopening! Will there be another chance to win free DGTX? Absolutely. Simply join the Digitex Waitlist and start sharing your unique link amongst your friends. The more friends you refer to the waitlist, the further up the list you get.
The top 10 names on the list will each win 50,000 DGTX each. And the top 500 names on the waitlist will get 1,000 DGTX each.
But the good news is that this time around we’re not just doing one waitlist–we’re doing 5 different waitlists! We’re launching a different waitlist for the South Korean, Japanese, Chinese, Russian and English speaking markets! That’s a total of 5 MILLION DGTX that we’re giving away. 
This will incentivize people to spread the word about Digitex around the world and also help them receive accurate and relevant information in their respective languages. Everyone that signs up receives a series of emails in their own language telling them all about Digitex.
Join the South Korean / Japanese / Chinese / Russian / English Digitex Waitlist and start sharing your unique referral link.
As CEO and Founder of Digitex Futures Adam Todd enthused:

“The popularity of the Digitex waitlist demonstrates the massive demand for commission-free futures trading. That’s why we have decided to reopen it in new markets to bring new eyes to the project because we know what happens when we create a surge of traffic ahead of an anticipated launch date. The last time we launched our waitlist the token price went crazy after just a few weeks. And this time with our new affiliate program built into it I expect to see even better results.”

The Digitex Affiliate Program

To incentivize as many people as possible to join the Digitex Futures revolution, we’ve also launched our very first affiliate program! The affiliate program is designed to drive token sales to the Digitex Treasury. 
Simply sign up to our waitlist and share your unique link with friends. If any of your friends that you refer to the waitlist buy DGTX tokens from the Digitex Treasury, we’ll give you 15% of their purchase. And if any of your friends then refer their friends who end up buying DGTX from the Digitex Treasury, we’ll give you 5% of those sales too.
It’s really easy to track your sales and get paid. Simply create an account on our affiliate portal using the same email that you signed up to the waitlist and you’ll be able to track your sales. We payout your rewards in ETH on a daily basis.

How To Refer Friends and Earn ETH:

  1. Signup on the Digitex Waitlist to generate a unique link
  2. Share your unique link with friends
  3. Create an account on our affiliate portal to track your sales and get paid in ETH

The Takeaway

We couldn’t be more excited to launch the public testnet and share our exchange with you for the very first time. They say that the third time is a charm. This time around, we’ve got the perfect team for the job, we’re ready to market to and inform more countries around the world, and we’re giving affiliates serious rewards for their work. 
Please note that if you were among the last campaign winners, your name has been removed from the list. We want to give everyone an equal opportunity to receive the top prizes, that’s why the previous 5000 winners have been taken off and will need to reenter with a new email to participate. We wish you all the very best of luck–and thank you for helping us make Digitex epic!
Got questions about the waitlist, affiliate program, testnet, or anything else? Don’t be afraid to join in the conversation on Telegram or ask about Telegram in your native language.

Latest News

DGTX Price Performance: Can the Past Trend Foretell the Future? 11

DGTX Price Performance: Can the Past Trend Foretell the Future?

Cryptocurrency
Digitex Futures
Trading
• admin
August 13, 2019

A glance at the price chart makes it clear just how much the DGTX price can move in a relatively short space of time. But what can the last eighteen months tell us about the potential price of the token into the future? Here, we take a deep dive into the past, present, and future of the DGTX token value analysed by Luke Green — a fellow Digitex HODLer.

Historic Speculative Opportunities

For long-term DGTX investors, the all-time price chart tells a thousand different narratives. Regardless of your current investment position, it’s clear to see the historic price-performance has created some truly incredible investment opportunities.
For example, during the last 18 months, there have been two significant high points, $0.16c on the 14th of October 2018 and $0.14c on 11th April 2019. In that first run-up, had you timed your entry-exit perfectly you would have realized a 2600% gain in USD terms with the second run realizing another 450% USD gain. To put this another way you could have turned 100k of DGTX tokens into 11.6 million DGTX over just these two cycles. Isn’t hindsight a marvelous thing? 
Of course, every money-making opportunity comes with some degree of risk and particularly in a young and nascent industry like crypto, volatility is an accepted part of the space. However, it would be fair to say that DGTX has taken this concept to new levels, leaving even die-hard crypto investors in awe of the depth and speed of its price swings. So what could be behind this?

Driven By Sentiment

To gauge why DGTX has been through such significant price swings, it’s important to understand some of the key concepts behind the token price.
Firstly, DGTX has perhaps one of the purest forms of ‘utility’ of any crypto project out there. To put that into some kind of perspective, it would be fair to say that the DGTX token is as vital to the Digitex Futures exchange as say, electricity is to the internet. In effect, the DGTX token is the raw digital asset that will power all financial transactions on the exchange. All account balances and transactions on the exchange are denominated in DGTX, so the exchange couldn’t even operate without it. 
Secondly, as a result of this, it also means it has a very high ‘demand potential’. Not only will traders need to hold DGTX to trade, but a significant proportion of circulating DGTX tokens have already been locked away in long-term holders wallets.
Add into the mix a flourishing futures market which is ripe for disruption, commission-free trading and a provably fair matching engine, you begin to understand the level of demand that the DGTX token could experience.
This, combined with Adams infectious excitement for the project, has historically created a hugely speculative and reactive landscape with a price driven by pure investor sentiment. Whilst the retraces didn’t feel all that good at the time, on reflection, the price fluctuations are far from negative, and in fact, show just how promising and exciting the project is.
DGTX Price Performance: Can the Past Trend Foretell the Future? 12

Steady Progress

While the historic sentiment around the project has been an emotional rollercoaster, when you remove the noise of the highs and lows, it points to a very different story. 
The price movements reveal that although Digitex has made a couple of very public mistakes, it has robustly responded, adapted and remained focused on the delivery of a working platform that lives up to its promise. This is clearly visible in the historic DGTX price movements. Each time DGTX has experienced setbacks, for the most part it’s returned to a baseline that’s higher than when it started.
To underline this point, anyone who bought during the ICO or indeed around May, June or July 2018 has seen a return of around 700% in just 18 months – that’s roughly 38% per month. When you consider some of the top hedge funds post yearly returns of 30%, it further proves that despite the drama and setbacks, DGTX has delivered real substantive returns.
While the now-famous launch issues were traumatic for investors, it has produced a silver lining, resulting in the appointment of leading Ethereum development firm, Smartdec.
Importantly it has also led to a much more pragmatic and development-led approach to reporting on the progress of the platform build. It seems that Adam and the team have now established a stable and secure foundation from which the project can move successfully to launch and onto greater success.
DGTX Price Performance: Can the Past Trend Foretell the Future? 13

So What Does the Future Hold for the DGTX Price? 

Of course, past performance does not necessarily give us the ability to accurately predict the future. However, there are some forecasts that I think we can be pretty confident about given the past performance of DGTX.

1. There Will Be Another Run up in the Token Price to Launch

 With the Smartdec biweekly updates, we are seeing the real development foundations being put into place on the project as they happen. This is not marketing hype, but solid incremental consolidation and progress. You can be sure that the moment a launch date is confirmed, investors who have been holding off and waiting for news of a concrete platform will contribute to a burst of pent-up demand and the price will increase.

2. Any Price Below $0.05c Is a Strong Buy

This is simply a no-brainer. With the Digitex Treasury set to sell the token no lower than 0.05c, you can likely never expect to see the DGTX price dip below this level again, once the project gets underway. 

3. Digitex Futures Will Become a Unicorn

A $1billion valuation? Ridiculous, I hear you say. But it’s a call I made from the outset. However, given the addressable market and the potential for this to disrupt an entire industry, I think this target is achievable, and then some. Watch this space!

Wrapping It Up

Whether you’re invested or not, a trader looking for alternative options, or just following the unfolding story, DGTX truly is a disruptive and innovative company to keep an eye on. It’s clear that, despite the setbacks, Digitex Futures is just getting started.
Wondering how to buy Digitex tokens? There are several options. You can buy through our exchange partners or Changelly Instant, but the best way to support Digitex is to buy your DGTX tokens from the Treasury. It’s instant, secure, and trustless, and you can avoid paying exchange fees. Furthermore, tokens sold through the Treasury provide a sustainable means of funding the Digitex platform over the next two years, ensuring a healthy period of stabilization post-launch. 

August 13, 2019
Cryptocurrency
Digitex Futures
Trading

DGTX Price Performance: Can the Past Trend Foretell the Future?

admin
DGTX Price Performance: Can the Past Trend Foretell the Future? 14

A glance at the price chart makes it clear just how much the DGTX price can move in a relatively short space of time. But what can the last eighteen months tell us about the potential price of the token into the future? Here, we take a deep dive into the past, present, and future of the DGTX token value analysed by Luke Green — a fellow Digitex HODLer.

Historic Speculative Opportunities

For long-term DGTX investors, the all-time price chart tells a thousand different narratives. Regardless of your current investment position, it’s clear to see the historic price-performance has created some truly incredible investment opportunities.
For example, during the last 18 months, there have been two significant high points, $0.16c on the 14th of October 2018 and $0.14c on 11th April 2019. In that first run-up, had you timed your entry-exit perfectly you would have realized a 2600% gain in USD terms with the second run realizing another 450% USD gain. To put this another way you could have turned 100k of DGTX tokens into 11.6 million DGTX over just these two cycles. Isn’t hindsight a marvelous thing? 
Of course, every money-making opportunity comes with some degree of risk and particularly in a young and nascent industry like crypto, volatility is an accepted part of the space. However, it would be fair to say that DGTX has taken this concept to new levels, leaving even die-hard crypto investors in awe of the depth and speed of its price swings. So what could be behind this?

Driven By Sentiment

To gauge why DGTX has been through such significant price swings, it’s important to understand some of the key concepts behind the token price.
Firstly, DGTX has perhaps one of the purest forms of ‘utility’ of any crypto project out there. To put that into some kind of perspective, it would be fair to say that the DGTX token is as vital to the Digitex Futures exchange as say, electricity is to the internet. In effect, the DGTX token is the raw digital asset that will power all financial transactions on the exchange. All account balances and transactions on the exchange are denominated in DGTX, so the exchange couldn’t even operate without it. 
Secondly, as a result of this, it also means it has a very high ‘demand potential’. Not only will traders need to hold DGTX to trade, but a significant proportion of circulating DGTX tokens have already been locked away in long-term holders wallets.
Add into the mix a flourishing futures market which is ripe for disruption, commission-free trading and a provably fair matching engine, you begin to understand the level of demand that the DGTX token could experience.
This, combined with Adams infectious excitement for the project, has historically created a hugely speculative and reactive landscape with a price driven by pure investor sentiment. Whilst the retraces didn’t feel all that good at the time, on reflection, the price fluctuations are far from negative, and in fact, show just how promising and exciting the project is.
DGTX Price Performance: Can the Past Trend Foretell the Future? 15

Steady Progress

While the historic sentiment around the project has been an emotional rollercoaster, when you remove the noise of the highs and lows, it points to a very different story. 
The price movements reveal that although Digitex has made a couple of very public mistakes, it has robustly responded, adapted and remained focused on the delivery of a working platform that lives up to its promise. This is clearly visible in the historic DGTX price movements. Each time DGTX has experienced setbacks, for the most part it’s returned to a baseline that’s higher than when it started.
To underline this point, anyone who bought during the ICO or indeed around May, June or July 2018 has seen a return of around 700% in just 18 months – that’s roughly 38% per month. When you consider some of the top hedge funds post yearly returns of 30%, it further proves that despite the drama and setbacks, DGTX has delivered real substantive returns.
While the now-famous launch issues were traumatic for investors, it has produced a silver lining, resulting in the appointment of leading Ethereum development firm, Smartdec.
Importantly it has also led to a much more pragmatic and development-led approach to reporting on the progress of the platform build. It seems that Adam and the team have now established a stable and secure foundation from which the project can move successfully to launch and onto greater success.
DGTX Price Performance: Can the Past Trend Foretell the Future? 16

So What Does the Future Hold for the DGTX Price? 

Of course, past performance does not necessarily give us the ability to accurately predict the future. However, there are some forecasts that I think we can be pretty confident about given the past performance of DGTX.

1. There Will Be Another Run up in the Token Price to Launch

 With the Smartdec biweekly updates, we are seeing the real development foundations being put into place on the project as they happen. This is not marketing hype, but solid incremental consolidation and progress. You can be sure that the moment a launch date is confirmed, investors who have been holding off and waiting for news of a concrete platform will contribute to a burst of pent-up demand and the price will increase.

2. Any Price Below $0.05c Is a Strong Buy

This is simply a no-brainer. With the Digitex Treasury set to sell the token no lower than 0.05c, you can likely never expect to see the DGTX price dip below this level again, once the project gets underway. 

3. Digitex Futures Will Become a Unicorn

A $1billion valuation? Ridiculous, I hear you say. But it’s a call I made from the outset. However, given the addressable market and the potential for this to disrupt an entire industry, I think this target is achievable, and then some. Watch this space!

Wrapping It Up

Whether you’re invested or not, a trader looking for alternative options, or just following the unfolding story, DGTX truly is a disruptive and innovative company to keep an eye on. It’s clear that, despite the setbacks, Digitex Futures is just getting started.
Wondering how to buy Digitex tokens? There are several options. You can buy through our exchange partners or Changelly Instant, but the best way to support Digitex is to buy your DGTX tokens from the Treasury. It’s instant, secure, and trustless, and you can avoid paying exchange fees. Furthermore, tokens sold through the Treasury provide a sustainable means of funding the Digitex platform over the next two years, ensuring a healthy period of stabilization post-launch. 

Latest News

The Month in Review: Analyzing Crypto Results for July 17

The Month in Review: Analyzing Crypto Results for July

Cryptocurrency
Digitex Futures
Trading
• Dave Reiter
July 31, 2019

After enjoying a strong bull market rally during the first six months of 2019, cryptocurrencies experienced a sizeable decline during the month of July. It was not a good month for crypto traders and investors. All of the major crypto results for July generated losses. The average loss was (24.9%). Monero was the best performer for the month while Zcash turned in the worst performance. What was the driving force behind the crypto decline? Can we expect these losses to continue? Let’s examine the details. Continue reading

July 31, 2019
Cryptocurrency
Digitex Futures
Trading

The Month in Review: Analyzing Crypto Results for July

Dave Reiter
The Month in Review: Analyzing Crypto Results for July 18

After enjoying a strong bull market rally during the first six months of 2019, cryptocurrencies experienced a sizeable decline during the month of July. It was not a good month for crypto traders and investors. All of the major crypto results for July generated losses. The average loss was (24.9%). Monero was the best performer for the month while Zcash turned in the worst performance. What was the driving force behind the crypto decline? Can we expect these losses to continue? Let’s examine the details. Continue reading

Latest News

What Is Driving the Price of DGTX? 19

What Is Driving the Price of DGTX?

Cryptocurrency
Digitex Futures
• Dave Reiter
April 18, 2019

Since its ICO in January 2018, the Digitex Futures native token (DGTX) has been one of the top performing investment vehicles within the crypto/token community. Based on the ICO price of $0.01, DGTX has increased a remarkable 1,198% as of 14 April. From a historical perspective, these performance numbers place DGTX among the most successful ICOs of all-time. Why?

Digitex Is a Disruptive Force

Why has the Digitex exchange token enjoyed such a tremendous rally in its brief history? More importantly, can these performance results continue? Let’s explore the details.
Arguably, the largest contributing factor to the price appreciation of DGTX is the fact that Digitex Futures is on the verge of completely changing an industry that hasn’t altered its business model since its inception in 1848.
For the past 170 years, the futures industry has relied on a network of brokers and middlemen to act as intermediaries between the customer and the various commodity exchanges. Thanks to the innovative team at Digitex, the “old school” business model is about to come to an end.
Essentially, Digitex is combining blockchain technology with a native utility token to remove the intermediary from the equation. As a result, Digitex account holders will enjoy a commission-free trading experience in addition to having customer funds stored on the Ethereum blockchain in an independent, decentralized smart contract.
And thanks to the latest partnership with Spotware development team, Digitex is able to outsource the exchange technology to such a respected company who has specialized in trading software for almost a decade. Digitex is sure to be in good hands as it prepares to launch at the end of this month.
So how much is the new Digitex zero-fee platform actually worth? What should be the “true value” of DGTX given the fact that the company is completely revolutionizing a multi-billion dollar industry?
Of course, it’s impossible to accurately forecast the proper value of this innovation. However, if crypto traders and investors are impressed with the Digitex exchange and state-of-the-art trading interface, DGTX has a great deal of upside potential.

Paris Blockchain Week Increases Investor Enthusiasm

Another contributing factor to the recent advance of DGTX is the Paris Blockchain Week Summit. Major conferences and summits bring a tremendous amount of investor enthusiasm to the cryptocurrency universe.
In terms of the Paris event, Adam Todd, CEO of Digitex was a guest speaker during the summit on 16th April. He also participated in a panel discussion about exchanges and brokers, market makers, and liquidity. Adam discussed the upcoming launch of Digitex, as well as his current thoughts on the futures industry.   
During the past 12 months, several of the major G20 countries have finally accepted the fact that cryptocurrencies and blockchain technology are here to stay. Consequently, these countries are more than willing to host major crypto and blockchain summits.
Five years ago, most countries were not the least bit interested in blockchain technology. Today, the narrative has completely changed. The majority of governments around the world are embracing this new technology. This is very bullish for all cryptocurrencies and utility tokens like DGTX.

The Digitex Waitlist Has Increased the Exposure of DGTX

Thanks to the Digitex marketing team, the creation of the Digitex Waitlist has proven to be extraordinarily helpful in spreading the word about DGTX. Currently, the waitlist has over 1.4 million crypto enthusiasts waiting for the launch of the Digitex Futures exchange. Without question, the waitlist has increased the exposure of the DGTX token.
The waitlist closes in two more days, on 20th April. Therefore, you still have a chance to join the list and invite your crypto friends to participate in the Digitex launch. Those who make the most effort to spread the word about Digitex will be rewarded with DGTX tokens which can be used on the Digitex trading platform.     

DGTX Has Risen in Value as the Launch Date Approaches

It’s certainly no coincidence that DGTX has steadily increased in value as the much-awaited launch date finally arrives on 30th April. The following table displays the price of DGTX, in addition to the volume and market capitalization. Notice how all three of these numbers have consistently increased over the course of the past three months.
What Is Driving the Price of DGTX? 20
As you can see, DGTX has been on a steady advance as Digitex approaches its launch date. Investors are fully aware that the demand for DGTX could increase exponentially as traders use the token to place trades on the Digitex exchange.  
Please notice the dramatic explosion in volume on 11th March. Why did DGTX enjoy such a huge spike in volume on this date? We had discussed in a previous article that momentum traders would enter the market if DGTX generated a weekly close above .0679. This is precisely what occurred. DGTX closed above .0679 on Friday, 8th March.
The following Monday, on 11th March, momentum traders became aggressive buyers of the native token. This explains the sharp increase in volume.

Personal Observations

Despite DGTX often showing a negative correlation to BTC, Bitcoin still has the greatest influence on the overall cryptocurrency market. Bitcoin sets the stage for all other cryptocurrencies, coins, and tokens. Therefore, we need to pay attention to the price performance of BTC.
The first bullish breakout occurred on 2nd April @ 4440. During the past two weeks, I’ve been very impressed with Bitcoin’s ability to stay above 5K on a consistent basis. Based on my analysis, the most important number is 5704. A breakout above 5704 opens the door to much higher prices. Check out the chart below.
In terms of DGTX, the next set of important numbers are .1606 and .1960. If DGTX can penetrate .1960, we could be headed much higher very quickly, which is exactly what occurred a few weeks ago when DGTX exceeded .0679.
Full Disclosure: I own DGTX.  
Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

April 18, 2019
Cryptocurrency
Digitex Futures

What Is Driving the Price of DGTX?

Dave Reiter
What Is Driving the Price of DGTX? 21

Since its ICO in January 2018, the Digitex Futures native token (DGTX) has been one of the top performing investment vehicles within the crypto/token community. Based on the ICO price of $0.01, DGTX has increased a remarkable 1,198% as of 14 April. From a historical perspective, these performance numbers place DGTX among the most successful ICOs of all-time. Why?

Digitex Is a Disruptive Force

Why has the Digitex exchange token enjoyed such a tremendous rally in its brief history? More importantly, can these performance results continue? Let’s explore the details.
Arguably, the largest contributing factor to the price appreciation of DGTX is the fact that Digitex Futures is on the verge of completely changing an industry that hasn’t altered its business model since its inception in 1848.
For the past 170 years, the futures industry has relied on a network of brokers and middlemen to act as intermediaries between the customer and the various commodity exchanges. Thanks to the innovative team at Digitex, the “old school” business model is about to come to an end.
Essentially, Digitex is combining blockchain technology with a native utility token to remove the intermediary from the equation. As a result, Digitex account holders will enjoy a commission-free trading experience in addition to having customer funds stored on the Ethereum blockchain in an independent, decentralized smart contract.
And thanks to the latest partnership with Spotware development team, Digitex is able to outsource the exchange technology to such a respected company who has specialized in trading software for almost a decade. Digitex is sure to be in good hands as it prepares to launch at the end of this month.
So how much is the new Digitex zero-fee platform actually worth? What should be the “true value” of DGTX given the fact that the company is completely revolutionizing a multi-billion dollar industry?
Of course, it’s impossible to accurately forecast the proper value of this innovation. However, if crypto traders and investors are impressed with the Digitex exchange and state-of-the-art trading interface, DGTX has a great deal of upside potential.

Paris Blockchain Week Increases Investor Enthusiasm

Another contributing factor to the recent advance of DGTX is the Paris Blockchain Week Summit. Major conferences and summits bring a tremendous amount of investor enthusiasm to the cryptocurrency universe.
In terms of the Paris event, Adam Todd, CEO of Digitex was a guest speaker during the summit on 16th April. He also participated in a panel discussion about exchanges and brokers, market makers, and liquidity. Adam discussed the upcoming launch of Digitex, as well as his current thoughts on the futures industry.   
During the past 12 months, several of the major G20 countries have finally accepted the fact that cryptocurrencies and blockchain technology are here to stay. Consequently, these countries are more than willing to host major crypto and blockchain summits.
Five years ago, most countries were not the least bit interested in blockchain technology. Today, the narrative has completely changed. The majority of governments around the world are embracing this new technology. This is very bullish for all cryptocurrencies and utility tokens like DGTX.

The Digitex Waitlist Has Increased the Exposure of DGTX

Thanks to the Digitex marketing team, the creation of the Digitex Waitlist has proven to be extraordinarily helpful in spreading the word about DGTX. Currently, the waitlist has over 1.4 million crypto enthusiasts waiting for the launch of the Digitex Futures exchange. Without question, the waitlist has increased the exposure of the DGTX token.
The waitlist closes in two more days, on 20th April. Therefore, you still have a chance to join the list and invite your crypto friends to participate in the Digitex launch. Those who make the most effort to spread the word about Digitex will be rewarded with DGTX tokens which can be used on the Digitex trading platform.     

DGTX Has Risen in Value as the Launch Date Approaches

It’s certainly no coincidence that DGTX has steadily increased in value as the much-awaited launch date finally arrives on 30th April. The following table displays the price of DGTX, in addition to the volume and market capitalization. Notice how all three of these numbers have consistently increased over the course of the past three months.
What Is Driving the Price of DGTX? 22
As you can see, DGTX has been on a steady advance as Digitex approaches its launch date. Investors are fully aware that the demand for DGTX could increase exponentially as traders use the token to place trades on the Digitex exchange.  
Please notice the dramatic explosion in volume on 11th March. Why did DGTX enjoy such a huge spike in volume on this date? We had discussed in a previous article that momentum traders would enter the market if DGTX generated a weekly close above .0679. This is precisely what occurred. DGTX closed above .0679 on Friday, 8th March.
The following Monday, on 11th March, momentum traders became aggressive buyers of the native token. This explains the sharp increase in volume.

Personal Observations

Despite DGTX often showing a negative correlation to BTC, Bitcoin still has the greatest influence on the overall cryptocurrency market. Bitcoin sets the stage for all other cryptocurrencies, coins, and tokens. Therefore, we need to pay attention to the price performance of BTC.
The first bullish breakout occurred on 2nd April @ 4440. During the past two weeks, I’ve been very impressed with Bitcoin’s ability to stay above 5K on a consistent basis. Based on my analysis, the most important number is 5704. A breakout above 5704 opens the door to much higher prices. Check out the chart below.
In terms of DGTX, the next set of important numbers are .1606 and .1960. If DGTX can penetrate .1960, we could be headed much higher very quickly, which is exactly what occurred a few weeks ago when DGTX exceeded .0679.
Full Disclosure: I own DGTX.  
Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

Latest News

DGTX vs KuCoin Shares (KCS) - An Exchange Token Comparison 23

DGTX vs KuCoin Shares (KCS) – An Exchange Token Comparison

Cryptocurrency
Digitex Futures
• Sarah Rothrie
March 12, 2019

KuCoin burst onto the scene in 2017, after four years of behind-the-scenes development. It had the goal of becoming one of the top 10 exchanges by mid-2019. While it still has some way to go, the exchange has a solid reputation, particularly among fans of its KuCoin Shares (KCS) profit sharing model. But does the KCS token stand up to DGTX? Let’s find out! Continue reading

March 12, 2019
Cryptocurrency
Digitex Futures

DGTX vs KuCoin Shares (KCS) – An Exchange Token Comparison

Sarah Rothrie
DGTX vs KuCoin Shares (KCS) - An Exchange Token Comparison 24

KuCoin burst onto the scene in 2017, after four years of behind-the-scenes development. It had the goal of becoming one of the top 10 exchanges by mid-2019. While it still has some way to go, the exchange has a solid reputation, particularly among fans of its KuCoin Shares (KCS) profit sharing model. But does the KCS token stand up to DGTX? Let’s find out! Continue reading

Latest News

DGTX vs Huobi Token (HT) - How Are Other Exchange Tokens Faring? 25

DGTX vs Huobi Token (HT) – How Are Other Exchange Tokens Faring?

Cryptocurrency
Digitex Futures
• Christina Comben
March 11, 2019

Chinese born Huobi is an exchange with light years of experience in the crypto space. Founded in 2014 by Leon Li, the company officially moved to Singapore in 2017 following the Chinese government’s ban on cryptocurrency exchanges. Interestingly, Huobi wasn’t created with a native token. Its exchange token the Huobi Token (HT) came out the start of 2018, seemingly following in the footsteps of Binance and the successful BNB. So, how does it compare to DGTX? Continue reading

March 11, 2019
Cryptocurrency
Digitex Futures

DGTX vs Huobi Token (HT) – How Are Other Exchange Tokens Faring?

Christina Comben
DGTX vs Huobi Token (HT) - How Are Other Exchange Tokens Faring? 26

Chinese born Huobi is an exchange with light years of experience in the crypto space. Founded in 2014 by Leon Li, the company officially moved to Singapore in 2017 following the Chinese government’s ban on cryptocurrency exchanges. Interestingly, Huobi wasn’t created with a native token. Its exchange token the Huobi Token (HT) came out the start of 2018, seemingly following in the footsteps of Binance and the successful BNB. So, how does it compare to DGTX? Continue reading

Latest News