dgtx

The Long Range View for DGTX

Digitex Futures
• Sulla Felix
July 24, 2020

This time next week, Digitex Futures will be opening the DFE to the public with a trading extravaganza like no other. The team has over $250,000 of giveaways and rewards for traders participating in the event, and it’s safe to say that the anticipation and excitement for Friday, July 31, 2020, is palpable. But that day is only the very beginning.

This week’s blog post by Ali Martinez verified the community’s anticipation of launch as he analyzed the current price action of the DGTX token, drawing a clear correlation between the DGTX price appreciation and an increase in the total number of addresses with DGTX tokens. It was great to see his metrics as they demonstrate interest is mounting for the DGTX project and what the team is about to achieve: that long-awaited, liquid, commission-free, intuitive trading platform that genuinely takes the house edge out of trading.

With all the current growth and developments, it’s easy to lose sight of the real potential that DGTX offers to not just the crypto market, but ALL markets. At this moment, The DFE is storming up the CMC rankings, achieving daily trading volumes now in excess of $600 million in a single market – Bitcoin perpetual futures.

For those of us who have been supporting this project over the last two and a half years, seeing this vision come to reality feels like Digitex is just one week out from bursting across the finish line. However, the reality couldn’t be further from the truth. Both long term and new investors will soon come to realize that this beast is just getting started.

DGTX Market Roadmap

If we look at what the team has managed to deliver between May 2019 and today, it makes for exhaustive reading. Writing this article, I tried to sit down and create a comprehensive list of functional achievements required to produce such an exchange.

Everything from user security and account settings, developing an intuitive trading ladder, a market maker trading engine, an API, conditional order tools, BTC spot price, contract value dynamics – to name just a few. The list is extensive, and in reality, this complexity is understood by just a few people (namely SmartDec). I define the work to date as Digitex laying its foundations. The support structures have been built, and next up is the utilities.

An unofficial roadmap for The DFE trading markets rollout might look as follows:

The Long Range View for DGTX 1

­­This rollout diagram conveys a simple point – that the BTC/USD market is just the beginning of our DGTX journey. Each of these markets will bring in new interested users who are looking to take advantage of zero-commission trading.

With the current economic conditions, volatility is through the roof or alternatively, through the floor. What trader wouldn’t have signed up to DGTX if it meant they could short crude oil as prices went negative, or long the recovery thereafter?

By utilizing the DGTX token, the Digitex team are able to incorporate some of the largest markets on the planet onto their exchange, a feat that will set them apart from the competition in the coming months. To better gauge the magnitude of this, we will delve into the market size of some of these trading pairs.

Market Size Visualisation

Cryptocurrency – $277 Billion

The above roadmap should not be underestimated when considering the DGTX token utility and potential. To those in the crypto-sphere, it’s fair to say that Bitcoin is the coin against which all others are benchmarked. The belief that other tokens can surpass the reigning champ is laughable to many hardcore hodlers.

Although I don’t care to debate this, there are some considerations whilst benchmarking DGTX against the market leader.

The total market cap for cryptocurrency at the time of writing is $277 Billion with Bitcoin (BTC), ranging between 60-70% market dominance. This means that, in the cryptocurrency sector, BTC is the biggest fish in the pond. It is nearly six times bigger than its closest rival, Ethereum (ETH), and 19 times bigger than both Ripple (XRP) and Tether (USDT).

The cryptocurrency market value is visually represented below, with Bitcoin roughly twice as big as all other cryptocurrencies combined.

The Long Range View for DGTX 2

Gold – $10.9 Trillion

However, comparing the market cap of BTC to that of gold is a humbling realization for the cryptocurrency champion. The metrics show that the current gold cap exceeds Bitcoin by a factor of thirty, not including jewelry and below-ground reserves.  For the DGTX token, the benefit of incorporating the gold market into the DFE is to create a direct link between cryptocurrency trading and traditional commodities.

This will allow users to hedge their cryptocurrency investments against the performance of gold without leaving the blockchain. Worried that crypto is going to go down in value but believe that gold will outperform the market? Then open a long on the DFE.

The Long Range View for DGTX 3

Digitex – A Decacorn?

This week I read a comment from a long-standing DGTX investor that simply read:

“Digitex Futures is a unicorn company.”

A unicorn company can be defined as a privately held start-up company valued at over $1 billion. If we take market cap as the defining metric, the top 18 cryptocurrencies currently maintain this status.

Personally, I’d go one step further and suggest that Digitex has the potential to be a decacorn – a company with a valuation above $10 billion. To achieve this status, the DGTX token would require a price in the region of $10, which recent Telegram polls suggest is the target for many current DGTX supporters.

The Long Range View for DGTX 4

One of the main reasons I see Digitex’s future as a decacorn company is because of its offering of traditional markets that have market capitalizations far exceeding that of just Bitcoin. These include gold, crude oil, and Fortune 500 companies.

Of the Fortune 500, the top five alone dominate with a combined market cap of $5.4Trillion. That’s thirty-one times larger than BTC.

The top 5 represents 24% of the Fortune 500, meaning the total market cap of this powerhouse is in the region of $21 trillion, or 124 times that of BTC.

Now considering the DFE is currently trading daily volumes in excess of $500 million on its BTC/USD market, we can start to get a picture for the DGTX potential if we can convert just a small fraction of traditional markets to use our ladder.

The Long Range View for DGTX 5

We haven’t even touched on the overall size of the global stock markets and indices. Trading the Nasdaq at the moment has higher volatility than the infamous BTC, and I can think of no better place to take advantage of the current price action than the DFE with zero commissions.

With an overall value of $89.5Trillion, these markets command different respect to that of young Bitcoin and its band of merry alt-coins.

The Long Range View for DGTX 6

What all this information represents to me is that even with Bitcoin’s dominance across the crypto-sphere, it is a small player in global finance. Herein lies the punch for the DGTX token – it offers a solution to trade futures in any market and does not restrict itself to the cryptocurrency realm. By offering a solution to trade futures contracts on astronomical markets such as gold, Fortune 500, and indices, Digitex has created a simply unique platform not just for cryptocurrency trading but all trading.

Tune in next time as we discuss the implications that these additional markets will have for the DGTX token and why the beginning is now, and the future is bright for The DFE.

References:

https://www.fool.com/investing/2017/08/17/how-does-bitcoins-market-cap-stack-up-next-to-gold.aspx

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

July 24, 2020
Digitex Futures

The Long Range View for DGTX

Sulla Felix
dgtx

This time next week, Digitex Futures will be opening the DFE to the public with a trading extravaganza like no other. The team has over $250,000 of giveaways and rewards for traders participating in the event, and it’s safe to say that the anticipation and excitement for Friday, July 31, 2020, is palpable. But that day is only the very beginning.

This week’s blog post by Ali Martinez verified the community’s anticipation of launch as he analyzed the current price action of the DGTX token, drawing a clear correlation between the DGTX price appreciation and an increase in the total number of addresses with DGTX tokens. It was great to see his metrics as they demonstrate interest is mounting for the DGTX project and what the team is about to achieve: that long-awaited, liquid, commission-free, intuitive trading platform that genuinely takes the house edge out of trading.

With all the current growth and developments, it’s easy to lose sight of the real potential that DGTX offers to not just the crypto market, but ALL markets. At this moment, The DFE is storming up the CMC rankings, achieving daily trading volumes now in excess of $600 million in a single market – Bitcoin perpetual futures.

For those of us who have been supporting this project over the last two and a half years, seeing this vision come to reality feels like Digitex is just one week out from bursting across the finish line. However, the reality couldn’t be further from the truth. Both long term and new investors will soon come to realize that this beast is just getting started.

DGTX Market Roadmap

If we look at what the team has managed to deliver between May 2019 and today, it makes for exhaustive reading. Writing this article, I tried to sit down and create a comprehensive list of functional achievements required to produce such an exchange.

Everything from user security and account settings, developing an intuitive trading ladder, a market maker trading engine, an API, conditional order tools, BTC spot price, contract value dynamics – to name just a few. The list is extensive, and in reality, this complexity is understood by just a few people (namely SmartDec). I define the work to date as Digitex laying its foundations. The support structures have been built, and next up is the utilities.

An unofficial roadmap for The DFE trading markets rollout might look as follows:

The Long Range View for DGTX 7

­­This rollout diagram conveys a simple point – that the BTC/USD market is just the beginning of our DGTX journey. Each of these markets will bring in new interested users who are looking to take advantage of zero-commission trading.

With the current economic conditions, volatility is through the roof or alternatively, through the floor. What trader wouldn’t have signed up to DGTX if it meant they could short crude oil as prices went negative, or long the recovery thereafter?

By utilizing the DGTX token, the Digitex team are able to incorporate some of the largest markets on the planet onto their exchange, a feat that will set them apart from the competition in the coming months. To better gauge the magnitude of this, we will delve into the market size of some of these trading pairs.

Market Size Visualisation

Cryptocurrency – $277 Billion

The above roadmap should not be underestimated when considering the DGTX token utility and potential. To those in the crypto-sphere, it’s fair to say that Bitcoin is the coin against which all others are benchmarked. The belief that other tokens can surpass the reigning champ is laughable to many hardcore hodlers.

Although I don’t care to debate this, there are some considerations whilst benchmarking DGTX against the market leader.

The total market cap for cryptocurrency at the time of writing is $277 Billion with Bitcoin (BTC), ranging between 60-70% market dominance. This means that, in the cryptocurrency sector, BTC is the biggest fish in the pond. It is nearly six times bigger than its closest rival, Ethereum (ETH), and 19 times bigger than both Ripple (XRP) and Tether (USDT).

The cryptocurrency market value is visually represented below, with Bitcoin roughly twice as big as all other cryptocurrencies combined.

The Long Range View for DGTX 8

Gold – $10.9 Trillion

However, comparing the market cap of BTC to that of gold is a humbling realization for the cryptocurrency champion. The metrics show that the current gold cap exceeds Bitcoin by a factor of thirty, not including jewelry and below-ground reserves.  For the DGTX token, the benefit of incorporating the gold market into the DFE is to create a direct link between cryptocurrency trading and traditional commodities.

This will allow users to hedge their cryptocurrency investments against the performance of gold without leaving the blockchain. Worried that crypto is going to go down in value but believe that gold will outperform the market? Then open a long on the DFE.

The Long Range View for DGTX 9

Digitex – A Decacorn?

This week I read a comment from a long-standing DGTX investor that simply read:

“Digitex Futures is a unicorn company.”

A unicorn company can be defined as a privately held start-up company valued at over $1 billion. If we take market cap as the defining metric, the top 18 cryptocurrencies currently maintain this status.

Personally, I’d go one step further and suggest that Digitex has the potential to be a decacorn – a company with a valuation above $10 billion. To achieve this status, the DGTX token would require a price in the region of $10, which recent Telegram polls suggest is the target for many current DGTX supporters.

The Long Range View for DGTX 10

One of the main reasons I see Digitex’s future as a decacorn company is because of its offering of traditional markets that have market capitalizations far exceeding that of just Bitcoin. These include gold, crude oil, and Fortune 500 companies.

Of the Fortune 500, the top five alone dominate with a combined market cap of $5.4Trillion. That’s thirty-one times larger than BTC.

The top 5 represents 24% of the Fortune 500, meaning the total market cap of this powerhouse is in the region of $21 trillion, or 124 times that of BTC.

Now considering the DFE is currently trading daily volumes in excess of $500 million on its BTC/USD market, we can start to get a picture for the DGTX potential if we can convert just a small fraction of traditional markets to use our ladder.

The Long Range View for DGTX 11

We haven’t even touched on the overall size of the global stock markets and indices. Trading the Nasdaq at the moment has higher volatility than the infamous BTC, and I can think of no better place to take advantage of the current price action than the DFE with zero commissions.

With an overall value of $89.5Trillion, these markets command different respect to that of young Bitcoin and its band of merry alt-coins.

The Long Range View for DGTX 12

What all this information represents to me is that even with Bitcoin’s dominance across the crypto-sphere, it is a small player in global finance. Herein lies the punch for the DGTX token – it offers a solution to trade futures in any market and does not restrict itself to the cryptocurrency realm. By offering a solution to trade futures contracts on astronomical markets such as gold, Fortune 500, and indices, Digitex has created a simply unique platform not just for cryptocurrency trading but all trading.

Tune in next time as we discuss the implications that these additional markets will have for the DGTX token and why the beginning is now, and the future is bright for The DFE.

References:

https://www.fool.com/investing/2017/08/17/how-does-bitcoins-market-cap-stack-up-next-to-gold.aspx

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

Latest News

DGTX Price Performance: Can the Past Trend Foretell the Future? 13

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? 14

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? 15

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? 16

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? 17

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? 18

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