What the Pros Are Saying about Digitex (DGTX) So Far
With closed testing underway, we’ve been overwhelmed with the positive response so far. Our Alpha testers are an active group comprised of veteran traders, keen newcomers, Digitex supporters, and industry influencers who have all taken the time to try our testnet out. Today, we take a look at what two key professional traders have to say about the Digitex platform so far and the possible trajectory of DGTX in the year ahead.
ReadySetCrypto’s Doc Severson Gives His First Impression
In another awesome episode of ReadySetCrypto, Doc and Mav discuss the state of the cryptocurrency markets and why the general trend is down. Doc gives his analysis of BTC and says that we may be headed for as low as 6500, before seeing the market bounce back. “We may have to go down to 6500 again,” he says.
Then Doc dedicates a full 10 minutes to talk about the Digitex Futures testnet and his first impressions. You can check out his full video review below. We’re thrilled to say that he appeared to be extremely positive about the work we’ve done so far. Thanks so much for being an early tester, Doc!
He starts out by saying, “We have some smoking movement here from Digitex.” Doc points out that we first appeared on his radar a “long time ago.” ReadySetCrypto originally brought our project to its subscribers’ attention in August 2018. Then he says, “it looks like they’ve lined up with a really competent partner to be able to build their vision… This thing has got some real potential.”
He does mention that the interface is a “little bit of a CPU hog,” especially if you’re a “tab monster” like himself, but he walks his viewers through the interface and points to the ladder as “the most important part of it,” adding “this is what’s missing from every other futures-based interface that’s out there in crypto… a proper trading ladder.”
Digitex is the ‘First Pioneer’ in Trading Ladder and Zero-Fee Futures
Doc then shows people how to add contracts long or short and how to act as a market maker on the exchange. He points out that you can buy and sell “over and over and over and over again in a 24-hour period without incurring any commissions.”
He adds in some recommendations of features that he would like to see, such as being able to set up a bracket order. This is a suggestion that we will be implementing as we progress, along with additional trading tools.
He concludes his review by saying, “This is what the Digitex interface looks like and this is what every other major professional trading interface looks like. This is the way it should be done and crypto has got a ways to go and really Digitex is the first pioneer for this as well as being a commission-free futures exchange.”
Digitex Resident Market Analyst Dave Reiter Gives His Opinion
Dave believes that, after a false start in April, DGTX could see massive upside potential in the coming year. He also shares his initial impressions of the testnet and gives a price analysis for the potential path of DGTX in the coming months. Take it away, Dave:
The Digitex Futures exchange has completely redeemed itself by partnering with a capable development team and creating an amazing crypto futures trading platform. Currently, the first testers are putting the platform through its paces before the official public testnet launch on 30 November.
Digitex has made huge advances in the crypto futures space since the ICO was launched on 15 January 2018. The Digitex native currency is DGTX, which was priced @ $0.01 on the date of the ICO. Currently, DGTX is trading @ $0.052.
This represents a dramatic increase of 420% from its ICO price.
Why has DGTX performed so well during the past 22 months while 90% of all other ICOs are practically worthless? The answer is simple: Digitex is providing a product that the futures industry has been unwilling to offer its clients for the past 171 years. The product is commission-free trading. Thanks to Adam Todd, the Digitex team and its development partners, Digitex is on the verge of revolutionizing the futures industry.
What the DGTX Fibonacci Numbers Say
What price level can we expect for DGTX in 2020? Please review the following table.
The most important price Level is #4. Why is .1773 so important? Because Level #4 represents a new all-time high (ATH) for DGTX. Currently, the ATH is .1606, which occurred on 14 October 2018.
If DGTX can penetrate Level #4, the momentum traders could push the price to Level #12 very quickly. Without question, next year is shaping up to be a very exciting year for Digitex and could easily cause a new bull market in 2020.
A First for the Futures Industry
During the past few months, the largest stock brokerage firms on Wall Street have transitioned to a commission-free model. The firms include Charles Schwab, TD Ameritrade, and E*Trade. These companies have realized that the wave of the future is commission-free trading.
Although stock brokerage firms have adopted zero-fee trading, the futures industry has yet to find a firm that is willing to offer zero commissions to its customers. This includes a traditional commodity futures firm as well as a crypto futures firm. As Doc stated, Digitex will be the first futures exchange to offer zero-fee trading when it transitions from the testnet to the mainnet.
2020 is setting up to be an explosive year for Digitex and the DGTX token.
In fact, the entire crypto universe should generate a sustainable rally following the BTC halving in May 2020. Consequently, other cryptocurrencies and tokens could easily “ride the wave” of the Bitcoin rally. Additionally, if Digitex has a successful mainnet launch in Q1 2020, don’t be surprised if DGTX produces a substantial price increase as traders and speculators purchase DGTX tokens in order to trade on a commission-free bitcoin futures platform.
The excitement for DGTX is already building as we enter the final month of 2019. The recent DGTX treasury sale for Q3 2019 was a smashing success and sell-out. 100% of the 19.5 million tokens were sold to the investing public.
This is a clear indication that the investing public is extremely bullish on DGTX as we transition into 2020. For those investors who missed the Q3 treasury sale, Digitex will offer 10 million DGTX tokens in the next sale beginning 1 December.
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.