blockster

All About Blockster – The Go-to Social Network for Crypto

Crypto Industry
• Digitex
June 3, 2021

If you’ve been keeping tabs on Digitex lately, you’ll know all about Blockfunder, our brand-new IEO platform. Through Blockfunder, we’ll be helping to fast-track and finance promising crypto projects starting with our very own in-house platform, Blockster, the go-to social network for crypto enthusiasts. 

What Is Blockster?

Blockster is a one-stop-shop for all things crypto and blockchain related, with a specific focus on making money. Driven by user-generated content, on Blockster, you can create your own profile, connect to a thriving network of like minded people, upload content on the Blockdesk blog, host video calls, create groups, and stay up-to-date with the very latest news via a Facebook-style news feed.

Blockster comes complete with Blockwatch, a cryptocurrency data aggregator like CoinMarketCap, that tracks the price action of the top 500 coins. There is also a mobile app and hot NFT marketplace coming soon where you can trade some of the most exciting digital collectibles.

There’s even a section dedicated to education and learning, called Blockademy, which is an ever-expanding knowledge base of articles, guides, and how-to videos about all things crypto. Unlike some of the tribalism and toxicity inherent in other platforms, Blockademy promotes open learning, and is the perfect place for newcomers and experts alike to converge to expand their knowledge of digital assets.

At a time when crypto is becoming increasingly more mainstream and when existing participants have to navigate various different social platforms to get the content they seek, Blockster brings everything under one roof. With a fully featured social network that will forge partnerships with all the main personalities and crypto projects in the space, and provide all the benefits of Telegram, Facebook, YouTube, Twitter, CoinMarketCap, and more, Blockster will become the go-to network for crypto.

The Blockster (BXR) Token

The Blockster (BXR) token is the native utility token of the Blockster network and will be used to settle all transactions in the ecosystem, as well as for holders to engage in staking programs to enhance their earnings. BXR will be used by advertisers who can promote their projects to a highly targeted and engaged audience, without the threat of being deplatformed or censored. BXR will also be used for other activities in the platform such as tipping content, buying NFTs and other services, and voting on key matters affecting the development of the platform.

BXR stakers will earn 20% of all the advertising revenue on the platform. The more users the network attracts, the higher the rates for advertising, and the larger the staking rewards. BXR holders can also stake their tokens through the Blockfarm yield farming platform on the Digitex exchange.

Blockster will serve to enrich the Digitex ecosystem of products and all traffic from the Blockster site will be directed to the Digitex exchange, either to trade zero fee or earn rewards through our various staking programs. This will benefit all the tokens listed on Digitex and create a continuous positive feedback loop as both the social network and exchange grow in popularity. 

BXR Token Sale

Blockster has already been under development for over a year and is now in its final testing stages. The token sale through Blockfunder will kick off on Monday, June 7, and will take place as a staggered sale over six phases.

All About Blockster - The Go-to Social Network for Crypto 1

As you can see from the above image, the earlier you participate in the BXR token sale, the better value you get for your money. The BXR token will start out at a price of $1 and gradually increase over the six phases. As one of our main aims with Blockfunder is to increase the utility of the DGTX token, throughout three of the six phases, we will only accept DGTX as payment, thus giving us the chance to collect a large amount of the circulating supply of DGTX, allowing it to recapture value.

Taking part in the BXR token sale is easy. Simply click on this link here, undergo a quick KYC check, read and sign the terms and conditions, and purchase BXR tokens with the cryptocurrency accepted during the phase of the sale.

All About Blockster - The Go-to Social Network for Crypto 2

Refer Friends to Earn BXR

We hope you love our plans for Blockster as much as we do and are looking forward to participating in the token sale on Monday. And if you want the chance to earn more BXR tokens, don’t forget to refer your friends! We have a generous referral program in which you can earn 10% of all your friends’ BXR purchases.

To take part, once you’ve signed up to Blockfunder, simply create a unique referral link to post on your social profiles or send to your friends via email, text, or chat. Each time your link is used to complete a purchase, you will receive 10% in BXR tokens.

Wrapping It Up

Blockster is the social network that the crypto space has been missing, housing all types of content and key functionality under one roof and connected to our zero-fee trading and staking platform. Don’t miss this chance to get in on this exciting project at the early stages and register for the token sale and get your referral link today.

June 3, 2021
Crypto Industry

All About Blockster – The Go-to Social Network for Crypto

Digitex
blockster

If you’ve been keeping tabs on Digitex lately, you’ll know all about Blockfunder, our brand-new IEO platform. Through Blockfunder, we’ll be helping to fast-track and finance promising crypto projects starting with our very own in-house platform, Blockster, the go-to social network for crypto enthusiasts. 

What Is Blockster?

Blockster is a one-stop-shop for all things crypto and blockchain related, with a specific focus on making money. Driven by user-generated content, on Blockster, you can create your own profile, connect to a thriving network of like minded people, upload content on the Blockdesk blog, host video calls, create groups, and stay up-to-date with the very latest news via a Facebook-style news feed.

Blockster comes complete with Blockwatch, a cryptocurrency data aggregator like CoinMarketCap, that tracks the price action of the top 500 coins. There is also a mobile app and hot NFT marketplace coming soon where you can trade some of the most exciting digital collectibles.

There’s even a section dedicated to education and learning, called Blockademy, which is an ever-expanding knowledge base of articles, guides, and how-to videos about all things crypto. Unlike some of the tribalism and toxicity inherent in other platforms, Blockademy promotes open learning, and is the perfect place for newcomers and experts alike to converge to expand their knowledge of digital assets.

At a time when crypto is becoming increasingly more mainstream and when existing participants have to navigate various different social platforms to get the content they seek, Blockster brings everything under one roof. With a fully featured social network that will forge partnerships with all the main personalities and crypto projects in the space, and provide all the benefits of Telegram, Facebook, YouTube, Twitter, CoinMarketCap, and more, Blockster will become the go-to network for crypto.

The Blockster (BXR) Token

The Blockster (BXR) token is the native utility token of the Blockster network and will be used to settle all transactions in the ecosystem, as well as for holders to engage in staking programs to enhance their earnings. BXR will be used by advertisers who can promote their projects to a highly targeted and engaged audience, without the threat of being deplatformed or censored. BXR will also be used for other activities in the platform such as tipping content, buying NFTs and other services, and voting on key matters affecting the development of the platform.

BXR stakers will earn 20% of all the advertising revenue on the platform. The more users the network attracts, the higher the rates for advertising, and the larger the staking rewards. BXR holders can also stake their tokens through the Blockfarm yield farming platform on the Digitex exchange.

Blockster will serve to enrich the Digitex ecosystem of products and all traffic from the Blockster site will be directed to the Digitex exchange, either to trade zero fee or earn rewards through our various staking programs. This will benefit all the tokens listed on Digitex and create a continuous positive feedback loop as both the social network and exchange grow in popularity. 

BXR Token Sale

Blockster has already been under development for over a year and is now in its final testing stages. The token sale through Blockfunder will kick off on Monday, June 7, and will take place as a staggered sale over six phases.

All About Blockster - The Go-to Social Network for Crypto 3

As you can see from the above image, the earlier you participate in the BXR token sale, the better value you get for your money. The BXR token will start out at a price of $1 and gradually increase over the six phases. As one of our main aims with Blockfunder is to increase the utility of the DGTX token, throughout three of the six phases, we will only accept DGTX as payment, thus giving us the chance to collect a large amount of the circulating supply of DGTX, allowing it to recapture value.

Taking part in the BXR token sale is easy. Simply click on this link here, undergo a quick KYC check, read and sign the terms and conditions, and purchase BXR tokens with the cryptocurrency accepted during the phase of the sale.

All About Blockster - The Go-to Social Network for Crypto 4

Refer Friends to Earn BXR

We hope you love our plans for Blockster as much as we do and are looking forward to participating in the token sale on Monday. And if you want the chance to earn more BXR tokens, don’t forget to refer your friends! We have a generous referral program in which you can earn 10% of all your friends’ BXR purchases.

To take part, once you’ve signed up to Blockfunder, simply create a unique referral link to post on your social profiles or send to your friends via email, text, or chat. Each time your link is used to complete a purchase, you will receive 10% in BXR tokens.

Wrapping It Up

Blockster is the social network that the crypto space has been missing, housing all types of content and key functionality under one roof and connected to our zero-fee trading and staking platform. Don’t miss this chance to get in on this exciting project at the early stages and register for the token sale and get your referral link today.

Latest News

Ethereum

The Future Price of Ethereum — Technical Analysis

Digitex Futures
• Dave Reiter
April 12, 2021

Similar to other coins and tokens, Ethereum has generated a substantial rally throughout the past six months. Specifically, ETH has increased 498%, outperforming BTC by approximately 60% during the same time period (see chart 1 below). So, where do we go from here? How will ETH perform for the remainder of 2021 and beyond? Let’s explore the details.

The Future Price of Ethereum — Technical Analysis 5

The Difference Between Ethereum and Ether

In terms of market capitalization, ETH is the second-largest cryptocurrency in the crypto universe. Only Bitcoin has a larger market capitalization. ETH has enjoyed some explosive price moves throughout its brief 6-year history. But, before we analyze the future price direction of ETH, let’s briefly discuss the difference between Ethereum and Ether.

There seems to be some confusion regarding these two crypto terms. Ethereum is a blockchain-based platform used for writing autonomous smart contracts and decentralized applications. Ether is the cryptocurrency that serves as the fuel to power the smart contracts, apps, and other transactions on the Ethereum blockchain.

Although most people in the crypto community (including many crypto websites) use these words interchangeably, they are actually quite different in terms of how they are used in the crypto ecosystem.

Use Cases for Ethereum Blockchain Continue to Expand

In this article, we will be analyzing the price direction of Ether (ETH), the cryptocurrency. However, it’s also important to discuss Ethereum, the blockchain, because it lays the foundation for the current ETH bull market. It seems almost impossible to believe that Ether was trading below $100 per token less than 15 months ago (see chart 2).

The Future Price of Ethereum — Technical Analysis 6

Over the course of the past 15 months, ETH has exploded to the upside by increasing 2,226%. Since March 2020, ETH has been one of the top-performing cryptocurrencies within the entire crypto universe. Ether easily outperformed Bitcoin during this particular time period, 2,226% versus 1,388%.

The majority of Ether’s gains can be attributed to the fact that the total number of use cases for the Ethereum blockchain has increased substantially. Unlike the Bitcoin blockchain, Ethereum can be used for multiple applications across a wide variety of industries. Several of these applications have evolved into legitimate and profitable business enterprises with exponential growth potential. Let’s briefly examine a few of these Ethereum-based businesses.

DeFi (Decentralized Finance)

Without question, the most exciting new business linked to Ethereum is decentralized finance, more commonly known as DeFi. Although DeFi has been in existence for less than four years, it has gained an incredible amount of interest from venture capital firms and angel investors who see the enormous potential in this new space.

Without going into great detail, DeFi competes head-to-head with the legacy financial services industry, with an estimated value of $26.5 trillion by 2022, according to data gathered by The World Bank. Based on these numbers, the upside potential in DeFi is massive. This is great news if you are an owner of ETH because the overwhelming majority of the DeFi ecosystem operates on the Ethereum blockchain.

NFTs (Non-Fungible Tokens)

Another business venture associated with Ethereum is non-fungible tokens (NFT), which have witnessed a tremendous wave of enthusiasm from investors and speculators during the past few months. Very briefly, non-fungible tokens allow non-fungible assets to possess unique properties that completely change the user and development relationship of these assets.

Examples of non-fungible digital assets include digital collectibles, such as in-game items and characters, virtual pets, and representations of fine art. By attaching unique properties such as immutability and scarcity to non-fungible assets, it substantially increases the value of said assets.

Almost the entire NFT industry operates on the Ethereum blockchain, which is obviously bullish for ETH. Arguably, the most exciting part of NFTs is the fact that young people are heavily involved in this exciting new space. Consequently, this will provide Generation Z with an opportunity to familiarize themselves with cryptocurrencies and other digital assets. This is very bullish from a long-term perspective.

In addition to DeFi and NFT, the Ethereum blockchain is also actively engaged in enterprise software, which is used by organizations, businesses, charities, schools, and governments to handle day-to-day operations across a wide variety of internal departments within each organization.

These daily operations would include such tasks as human resources, supply chain management, database management, CRM, security, and billing systems. Enterprise software companies are using a privatized version of the Ethereum network to provide their services to companies like Microsoft, IBM, JPMorgan Chase, and Deloitte.

These are just a few examples of how the Ethereum blockchain is linked to industries and businesses across the global economy. Of course, this is extremely bullish for ETH because these companies and businesses must purchase ETH in order to pay for their services on the Ethereum blockchain. Many crypto experts believe that the number of use cases for Ethereum will continue to expand as blockchain technology becomes more common throughout the global economy.

Using TA to Forecast the Price of ETH

Technical analysis has been extremely useful in forecasting the future price direction of ETH. Let’s review a few of these indicators.

Arguably, the most reliable technical indicator in modern history was created by a twelfth-century Italian mathematician by the name of Leonardo Fibonacci. The vast majority of mathematical historians consider Fibonacci to be the greatest mathematician of the Middle Ages. In fact, many experts in the field of mathematics claim that Fibonacci was one of the ten greatest mathematicians of all time.

Fibonacci made several important contributions to the field of mathematics throughout his life. However, he will always be most famously known for Fibonacci numbers, which are a sequence of numbers developed by Fibonacci circa 1202.

Fibonacci numbers are used in the study of nature, music, agriculture, computer applications, price forecasting, and several other fields of study. Stock and commodity traders use “Fib” numbers to calculate support and resistance levels.

The most common Fib levels are:

  • .236
  • .382
  • .500
  • .618
  • .786
  • 000

It’s not uncommon for financial assets like cryptocurrencies to fluctuate between Fibonacci support and resistance levels for long periods of time. When a major breakout finally occurs, it usually marks the beginning of a substantial move.

The crypto trading community would love to know the final top in ETH before a new bear market ensues, probably near the end of 2021 or early-2022. Of course, it’s impossible to accurately forecast the final top of any speculative asset. Cryptocurrencies are particularly difficult because we have such a small sample size of historical data. However, we can use Fibonacci numbers to develop an educated forecast concerning the final top for Ether. Please review the calculation on Chart 3 below:

The Future Price of Ethereum — Technical Analysis 7

There are several different ways to use Fib levels as a forecasting device. The most popular format involves calculating the price difference between two important price levels. For this particular calculation, we selected the historic high from January 2018 and the subsequent low achieved in December of the same year.

The majority of Fibonacci experts agree that .618 is the most significant Fib level. Therefore, we will use this number in our calculation. Based on the Fibonacci calculation, the final top for this cycle will be 4,921.73. If ETH follows the same path as the 2017 bull market, the top will occur in late-2021.

Another useful technical indicator is the Relative Strength Index (RSI), which was created by J Welles Wilder Jr, one of the greatest technical analysts in the history of financial markets. RSI is a momentum indicator that measures the overbought or oversold condition of a speculative asset. RSI is typically displayed in an oscillator format, which fluctuates between 0 and 100.

Generally speaking, a market is considered overbought if the RSI reading exceeds 70. Conversely, the market is considered oversold if the RSI reading falls below 30. Many traders will use a reading above 70 as a trigger to generate a sell signal and a reading below 30 will generate a buy signal. However, this is not a good strategy to follow in a momentum-fueled environment like cryptocurrencies. Please review Chart number 4:

The Future Price of Ethereum — Technical Analysis 8

The RSI reading has been above 70 since November 9, 2020, when ETH was trading @ 446.10. Obviously, this was not a good time to sell ETH. In fact, this would have been a great time to buy Ether. Therefore, an argument could be made that the optimum way to use RSI for trending markets like cryptocurrencies is to wait for a bullish breakout above 70 as a buy signal. A bearish breakout below 30 would constitute a sell signal. Trying to pick tops and bottoms in a trending market is a recipe for disaster. As Chart #4 clearly demonstrates, the best course of action is to follow the momentum.

In addition to RSI, another momentum-based indicator is the Money Flow Index (MFI). This indicator measures the inflow and outflow of money into a speculative asset over a specific period of time. It uses price and volume to calculate trading pressure. Arguably, MFI is the purest way to determine the amount of money entering and leaving a particular asset class.

Similar to RSI, the index fluctuates between 0 and 100. In terms of trending markets like cryptocurrencies, the best way to apply MFI is to wait for a bullish breakout above 70 or a bearish breakout below 30. MFI is located at the bottom of Chart #5.

The Future Price of Ethereum — Technical Analysis 9

An Ether buy signal was generated @ 509.11 on November 23, 2020, when MFI penetrated the 70 level. MFI has been continuously above 70 for the past five months. This is a perfect example of why it’s best to follow the trend of the market and avoid the temptation to pick a top or bottom.

At least for now, the trend of ETH is clearly in favor of the bulls. The vast majority of technical indicators are forecasting a continuation of the bull market. In addition to technical analysis, the fundamental backdrop for Ether is extremely bullish, as more use cases are being added to the Ethereum blockchain. Eventually, this bullish cycle will end and a new bear cycle will begin. However, this current bullish phase could easily continue for the remainder of 2021.

Don’t forget that whether the price of ETH goes up or down, you can make money trading ETH futures on our zero-fee rapid-fire ladder trading platform. Sign up here to find out how easy it is to profit from even the smallest of price fluctuations when you’re not constantly losing out to commissions. 

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 12, 2021
Digitex Futures

The Future Price of Ethereum — Technical Analysis

Dave Reiter
Ethereum

Similar to other coins and tokens, Ethereum has generated a substantial rally throughout the past six months. Specifically, ETH has increased 498%, outperforming BTC by approximately 60% during the same time period (see chart 1 below). So, where do we go from here? How will ETH perform for the remainder of 2021 and beyond? Let’s explore the details.

The Future Price of Ethereum — Technical Analysis 10

The Difference Between Ethereum and Ether

In terms of market capitalization, ETH is the second-largest cryptocurrency in the crypto universe. Only Bitcoin has a larger market capitalization. ETH has enjoyed some explosive price moves throughout its brief 6-year history. But, before we analyze the future price direction of ETH, let’s briefly discuss the difference between Ethereum and Ether.

There seems to be some confusion regarding these two crypto terms. Ethereum is a blockchain-based platform used for writing autonomous smart contracts and decentralized applications. Ether is the cryptocurrency that serves as the fuel to power the smart contracts, apps, and other transactions on the Ethereum blockchain.

Although most people in the crypto community (including many crypto websites) use these words interchangeably, they are actually quite different in terms of how they are used in the crypto ecosystem.

Use Cases for Ethereum Blockchain Continue to Expand

In this article, we will be analyzing the price direction of Ether (ETH), the cryptocurrency. However, it’s also important to discuss Ethereum, the blockchain, because it lays the foundation for the current ETH bull market. It seems almost impossible to believe that Ether was trading below $100 per token less than 15 months ago (see chart 2).

The Future Price of Ethereum — Technical Analysis 11

Over the course of the past 15 months, ETH has exploded to the upside by increasing 2,226%. Since March 2020, ETH has been one of the top-performing cryptocurrencies within the entire crypto universe. Ether easily outperformed Bitcoin during this particular time period, 2,226% versus 1,388%.

The majority of Ether’s gains can be attributed to the fact that the total number of use cases for the Ethereum blockchain has increased substantially. Unlike the Bitcoin blockchain, Ethereum can be used for multiple applications across a wide variety of industries. Several of these applications have evolved into legitimate and profitable business enterprises with exponential growth potential. Let’s briefly examine a few of these Ethereum-based businesses.

DeFi (Decentralized Finance)

Without question, the most exciting new business linked to Ethereum is decentralized finance, more commonly known as DeFi. Although DeFi has been in existence for less than four years, it has gained an incredible amount of interest from venture capital firms and angel investors who see the enormous potential in this new space.

Without going into great detail, DeFi competes head-to-head with the legacy financial services industry, with an estimated value of $26.5 trillion by 2022, according to data gathered by The World Bank. Based on these numbers, the upside potential in DeFi is massive. This is great news if you are an owner of ETH because the overwhelming majority of the DeFi ecosystem operates on the Ethereum blockchain.

NFTs (Non-Fungible Tokens)

Another business venture associated with Ethereum is non-fungible tokens (NFT), which have witnessed a tremendous wave of enthusiasm from investors and speculators during the past few months. Very briefly, non-fungible tokens allow non-fungible assets to possess unique properties that completely change the user and development relationship of these assets.

Examples of non-fungible digital assets include digital collectibles, such as in-game items and characters, virtual pets, and representations of fine art. By attaching unique properties such as immutability and scarcity to non-fungible assets, it substantially increases the value of said assets.

Almost the entire NFT industry operates on the Ethereum blockchain, which is obviously bullish for ETH. Arguably, the most exciting part of NFTs is the fact that young people are heavily involved in this exciting new space. Consequently, this will provide Generation Z with an opportunity to familiarize themselves with cryptocurrencies and other digital assets. This is very bullish from a long-term perspective.

In addition to DeFi and NFT, the Ethereum blockchain is also actively engaged in enterprise software, which is used by organizations, businesses, charities, schools, and governments to handle day-to-day operations across a wide variety of internal departments within each organization.

These daily operations would include such tasks as human resources, supply chain management, database management, CRM, security, and billing systems. Enterprise software companies are using a privatized version of the Ethereum network to provide their services to companies like Microsoft, IBM, JPMorgan Chase, and Deloitte.

These are just a few examples of how the Ethereum blockchain is linked to industries and businesses across the global economy. Of course, this is extremely bullish for ETH because these companies and businesses must purchase ETH in order to pay for their services on the Ethereum blockchain. Many crypto experts believe that the number of use cases for Ethereum will continue to expand as blockchain technology becomes more common throughout the global economy.

Using TA to Forecast the Price of ETH

Technical analysis has been extremely useful in forecasting the future price direction of ETH. Let’s review a few of these indicators.

Arguably, the most reliable technical indicator in modern history was created by a twelfth-century Italian mathematician by the name of Leonardo Fibonacci. The vast majority of mathematical historians consider Fibonacci to be the greatest mathematician of the Middle Ages. In fact, many experts in the field of mathematics claim that Fibonacci was one of the ten greatest mathematicians of all time.

Fibonacci made several important contributions to the field of mathematics throughout his life. However, he will always be most famously known for Fibonacci numbers, which are a sequence of numbers developed by Fibonacci circa 1202.

Fibonacci numbers are used in the study of nature, music, agriculture, computer applications, price forecasting, and several other fields of study. Stock and commodity traders use “Fib” numbers to calculate support and resistance levels.

The most common Fib levels are:

  • .236
  • .382
  • .500
  • .618
  • .786
  • 000

It’s not uncommon for financial assets like cryptocurrencies to fluctuate between Fibonacci support and resistance levels for long periods of time. When a major breakout finally occurs, it usually marks the beginning of a substantial move.

The crypto trading community would love to know the final top in ETH before a new bear market ensues, probably near the end of 2021 or early-2022. Of course, it’s impossible to accurately forecast the final top of any speculative asset. Cryptocurrencies are particularly difficult because we have such a small sample size of historical data. However, we can use Fibonacci numbers to develop an educated forecast concerning the final top for Ether. Please review the calculation on Chart 3 below:

The Future Price of Ethereum — Technical Analysis 12

There are several different ways to use Fib levels as a forecasting device. The most popular format involves calculating the price difference between two important price levels. For this particular calculation, we selected the historic high from January 2018 and the subsequent low achieved in December of the same year.

The majority of Fibonacci experts agree that .618 is the most significant Fib level. Therefore, we will use this number in our calculation. Based on the Fibonacci calculation, the final top for this cycle will be 4,921.73. If ETH follows the same path as the 2017 bull market, the top will occur in late-2021.

Another useful technical indicator is the Relative Strength Index (RSI), which was created by J Welles Wilder Jr, one of the greatest technical analysts in the history of financial markets. RSI is a momentum indicator that measures the overbought or oversold condition of a speculative asset. RSI is typically displayed in an oscillator format, which fluctuates between 0 and 100.

Generally speaking, a market is considered overbought if the RSI reading exceeds 70. Conversely, the market is considered oversold if the RSI reading falls below 30. Many traders will use a reading above 70 as a trigger to generate a sell signal and a reading below 30 will generate a buy signal. However, this is not a good strategy to follow in a momentum-fueled environment like cryptocurrencies. Please review Chart number 4:

The Future Price of Ethereum — Technical Analysis 13

The RSI reading has been above 70 since November 9, 2020, when ETH was trading @ 446.10. Obviously, this was not a good time to sell ETH. In fact, this would have been a great time to buy Ether. Therefore, an argument could be made that the optimum way to use RSI for trending markets like cryptocurrencies is to wait for a bullish breakout above 70 as a buy signal. A bearish breakout below 30 would constitute a sell signal. Trying to pick tops and bottoms in a trending market is a recipe for disaster. As Chart #4 clearly demonstrates, the best course of action is to follow the momentum.

In addition to RSI, another momentum-based indicator is the Money Flow Index (MFI). This indicator measures the inflow and outflow of money into a speculative asset over a specific period of time. It uses price and volume to calculate trading pressure. Arguably, MFI is the purest way to determine the amount of money entering and leaving a particular asset class.

Similar to RSI, the index fluctuates between 0 and 100. In terms of trending markets like cryptocurrencies, the best way to apply MFI is to wait for a bullish breakout above 70 or a bearish breakout below 30. MFI is located at the bottom of Chart #5.

The Future Price of Ethereum — Technical Analysis 14

An Ether buy signal was generated @ 509.11 on November 23, 2020, when MFI penetrated the 70 level. MFI has been continuously above 70 for the past five months. This is a perfect example of why it’s best to follow the trend of the market and avoid the temptation to pick a top or bottom.

At least for now, the trend of ETH is clearly in favor of the bulls. The vast majority of technical indicators are forecasting a continuation of the bull market. In addition to technical analysis, the fundamental backdrop for Ether is extremely bullish, as more use cases are being added to the Ethereum blockchain. Eventually, this bullish cycle will end and a new bear cycle will begin. However, this current bullish phase could easily continue for the remainder of 2021.

Don’t forget that whether the price of ETH goes up or down, you can make money trading ETH futures on our zero-fee rapid-fire ladder trading platform. Sign up here to find out how easy it is to profit from even the smallest of price fluctuations when you’re not constantly losing out to commissions. 

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

How Long Before Ethereum Fees Get Lower? 15

How Long Before Ethereum Fees Get Lower?

Cryptocurrency
Crypto Industry
• Digitex
April 5, 2021

Ethereum has been grabbing the headlines a lot lately. From the rising popularity of DeFi and NFTs to being Visa’s blockchain of choice for settling its first transaction, ETH price has been on the up, recently marking its latest all-time high of over $2,100. All this action surrounding the premier altcoin has undoubtedly been bullish for HODLers and yield farmers. But, what about regular users trying to interact with the Ethereum blockchain? 

Rising gas fees on the network have been pricing them out of the market. According to  BitInfoCharts, this time last year, the average transaction fee on the Ethereum network was around 8 cents. Today, users are facing regular averages of around $20 just to move funds, calling the promise of low fees and near-instant transfers of value into question. And for traders looking to avoid the volatility of cryptocurrencies by using stablecoins, such as the ERC20 versions of USDT or USDC on Ethereum, high fees create a barrier.

In tandem with rising fees comes rising network congestion. Not only do users have to pay prices on a par with PayPal to move their funds but they also have to wait for lengthy periods of time to do so. While the solution to all these problems is touted to be the long-awaited transition to a Proof of Stake blockchain (ETH 2.0), that could be a long time coming. So, how long will users really have to wait before Ethereum fees get lower?

Optimistic Rollups

Ethereum users cannot wait for years to resolve the problem of high fees as DeFi grows and Ethereum attracts increasing attention from investors. Interim solutions are needed in the meantime. Even Vitalik Buterin recognized that Ethereum scaling was a top priority  and that a solution in the shape of optimistic rollups was on the cards very soon.

How Long Before Ethereum Fees Get Lower? 16

If you think of the blockchain in layers, Ethereum is a layer 1 protocol, whereas rollups are a layer 2 solution that aggregate transactions and store them inside smart contracts to reduce congestion on the network and bring gas fees down.  

The concept of rollups was first described way back in 2014, but they were referred to as “shadow chains.” And now that network congestion and fees have been thrust into the limelight once more, their utility is back on the table. How long will it take for them to be implemented? Some projects such as Polygon (formerly Matic) have already started using them with success and, optimistically (groan), rollups could act as the mid-term solution for Ethereum.

Berlin Hard Fork

Another solution for gas fees may lie in the upcoming Berlin Hard Fork, slated to take place on April 14, 2021. Months in the planning, however, it’s not certain just how much of a dent the hard fork will make in gas fees or whether it will improve congestion. Four main improvement protocols (EIPs) will be deployed in Berlin to make the network more robust and hacker-resistant, as well as tackling gas fees. 

But different analysts have questioned how much of an effect the Berlin hard fork will really have on gas fees, citing that Ethereum has deep structural changes that need to be resolved for it to scale first before sustainable gas fees are achieved. 

Competing Blockchains

In the meantime, cryptocurrency industry participants are not sitting idle. Several PoS smart contract blockchains from Solana to Algorand have already started rolling out solutions to help traders avoid Ethereum’s high gas fees.

By running stablecoins like USDC and USDT on these blockchains, traders can move their funds from a crypto like BTC or ETH into a stablecoin almost instantly and for a cost of next to nothing. This is particularly appealing to high-frequency traders and users who simply want to move small-to-modest amounts of value without paying exorbitant fees.

There is also an increasing number of blockchains integrating EVM compatibility. This allows any smart contract deployed on the Ethereum blockchain to be deployed on them. dApp developers being priced out of the market by high fees can easily migrate their dApps to one of these blockchains and continue to develop without the high cost.

However, most of these come with trade-offs and are arguably centralized or flawed in some form or another. Moreover, network effect isn’t something that you simply knock out of the park straight away. Ethereum has much longer time in the market and still far and away the largest developer community, and number of dApps in the cryptosphere. It’s also the backbone of the majority of DeFi projects and is well-recognized now among a growing class of institutional investors.

Closing Thoughts

The upcoming Berlin hard fork could give network users some temporary relief as far as high gas fees go and optimistic rollups seem to be the next likely major step forward for Ethereum before it transitions to ETH 2.0. 

With a little bit of luck, we might expect to see lower gas fees on Ethereum by the middle of this month and at least sustainable rates coming soon while we wait for ETH 2.0. In the meantime, Ethereum will certainly be keeping its eyes open to the cohort of high throughput blockchains that are springing up around it promising faster transactions and lower costs. 

Want to trade ETH futures with zero commissions on crypto’s only trading ladder interface? Sign up for a KYC-free account and start making gains now.

April 5, 2021
Cryptocurrency
Crypto Industry

How Long Before Ethereum Fees Get Lower?

Digitex
How Long Before Ethereum Fees Get Lower? 17

Ethereum has been grabbing the headlines a lot lately. From the rising popularity of DeFi and NFTs to being Visa’s blockchain of choice for settling its first transaction, ETH price has been on the up, recently marking its latest all-time high of over $2,100. All this action surrounding the premier altcoin has undoubtedly been bullish for HODLers and yield farmers. But, what about regular users trying to interact with the Ethereum blockchain? 

Rising gas fees on the network have been pricing them out of the market. According to  BitInfoCharts, this time last year, the average transaction fee on the Ethereum network was around 8 cents. Today, users are facing regular averages of around $20 just to move funds, calling the promise of low fees and near-instant transfers of value into question. And for traders looking to avoid the volatility of cryptocurrencies by using stablecoins, such as the ERC20 versions of USDT or USDC on Ethereum, high fees create a barrier.

In tandem with rising fees comes rising network congestion. Not only do users have to pay prices on a par with PayPal to move their funds but they also have to wait for lengthy periods of time to do so. While the solution to all these problems is touted to be the long-awaited transition to a Proof of Stake blockchain (ETH 2.0), that could be a long time coming. So, how long will users really have to wait before Ethereum fees get lower?

Optimistic Rollups

Ethereum users cannot wait for years to resolve the problem of high fees as DeFi grows and Ethereum attracts increasing attention from investors. Interim solutions are needed in the meantime. Even Vitalik Buterin recognized that Ethereum scaling was a top priority  and that a solution in the shape of optimistic rollups was on the cards very soon.

How Long Before Ethereum Fees Get Lower? 18

If you think of the blockchain in layers, Ethereum is a layer 1 protocol, whereas rollups are a layer 2 solution that aggregate transactions and store them inside smart contracts to reduce congestion on the network and bring gas fees down.  

The concept of rollups was first described way back in 2014, but they were referred to as “shadow chains.” And now that network congestion and fees have been thrust into the limelight once more, their utility is back on the table. How long will it take for them to be implemented? Some projects such as Polygon (formerly Matic) have already started using them with success and, optimistically (groan), rollups could act as the mid-term solution for Ethereum.

Berlin Hard Fork

Another solution for gas fees may lie in the upcoming Berlin Hard Fork, slated to take place on April 14, 2021. Months in the planning, however, it’s not certain just how much of a dent the hard fork will make in gas fees or whether it will improve congestion. Four main improvement protocols (EIPs) will be deployed in Berlin to make the network more robust and hacker-resistant, as well as tackling gas fees. 

But different analysts have questioned how much of an effect the Berlin hard fork will really have on gas fees, citing that Ethereum has deep structural changes that need to be resolved for it to scale first before sustainable gas fees are achieved. 

Competing Blockchains

In the meantime, cryptocurrency industry participants are not sitting idle. Several PoS smart contract blockchains from Solana to Algorand have already started rolling out solutions to help traders avoid Ethereum’s high gas fees.

By running stablecoins like USDC and USDT on these blockchains, traders can move their funds from a crypto like BTC or ETH into a stablecoin almost instantly and for a cost of next to nothing. This is particularly appealing to high-frequency traders and users who simply want to move small-to-modest amounts of value without paying exorbitant fees.

There is also an increasing number of blockchains integrating EVM compatibility. This allows any smart contract deployed on the Ethereum blockchain to be deployed on them. dApp developers being priced out of the market by high fees can easily migrate their dApps to one of these blockchains and continue to develop without the high cost.

However, most of these come with trade-offs and are arguably centralized or flawed in some form or another. Moreover, network effect isn’t something that you simply knock out of the park straight away. Ethereum has much longer time in the market and still far and away the largest developer community, and number of dApps in the cryptosphere. It’s also the backbone of the majority of DeFi projects and is well-recognized now among a growing class of institutional investors.

Closing Thoughts

The upcoming Berlin hard fork could give network users some temporary relief as far as high gas fees go and optimistic rollups seem to be the next likely major step forward for Ethereum before it transitions to ETH 2.0. 

With a little bit of luck, we might expect to see lower gas fees on Ethereum by the middle of this month and at least sustainable rates coming soon while we wait for ETH 2.0. In the meantime, Ethereum will certainly be keeping its eyes open to the cohort of high throughput blockchains that are springing up around it promising faster transactions and lower costs. 

Want to trade ETH futures with zero commissions on crypto’s only trading ladder interface? Sign up for a KYC-free account and start making gains now.

Latest News

The Russian Tech Scene Is Booming, Let’s Take a Closer Look 19

The Russian Tech Scene Is Booming, Let’s Take a Closer Look

Blockchain
Digitex Futures
• Christina Comben
November 5, 2019

Russia is a country that you don’t hear a lot about beyond the occasional political feud. Yet, behind the curtain, a lot of people aren’t aware that the Russian startup scene is booming in this country. Besides government support and a growing local startup community, both Moscow and St. Petersburg are home to some of the highest quality talent fostered from excellent local universities. 

The Russian Startup Scene Is Thriving

The local startup community in Moscow is positively thriving, especially in the tech sector. Of course, for non-speakers of Russian, at first, it can be hard to get your foot through the door. Beyond the obvious language barrier, Russian businesses often don’t use the same platforms as other countries to publicize their meetups and events. So, it helps to ask some friendly locals to point you in the right direction.
At Digitex, we’ve been incredibly fortunate to have received so much help and support from the SmartDec team. We’re extremely grateful and proud to be part of such a flourishing scene. There are regular events for new businesses going on here and you simply need to know which sites to look at to find them. These could be social media platforms like vk.com or tech publications VC.ru or Rusbase.
For newcomers to the scene, they can opt to use a co-working space such as WeWork, who set up several office spaces here in 2019, WorkStation, StartHub, and many more. The idea behind these places is to encourage the development of the tech scene and they often hold pitch sessions for entrepreneurs to receive feedback from mentors.
There are also plenty of conferences and events, perhaps the most well-known here is called Startup Village, which is backed and organized by the state-funded Skolkovo Foundation. There is also the Open Innovations Forum, which has attracted the likes of Yandex CEO Arkady Volozh. When it comes to our industry, the Moscow Blockchain conference attracts plenty of visitors every year, and blockchain technology is ever-growing in Russia with its largest bank Sberbank using it to complete payments.

A Growing Pool of Talent

Let’s face it, people don’t come to Russia for its warm weather. But for tech companies, especially in emerging tech sectors like blockchain, a steady flow of highly trained and tech-savvy talent is readily available here. The Russian government has always heavily invested in STEM courses. This has resulted in an abundance of tech talent entering the industry with qualifications from respected educational institutions such as the Moscow State University, the Moscow Institute of Physics and Technology, the Moscow Technological Institute, and the Saint Petersberg State University, to name a few.
The Russian population is made up of many young, highly tech-savvy individuals with an average age of 38. Russia generates more software engineers than any other country and almost twice the amount of the USA. We can attest to the high-quality of developer talent available in this country at a more accessible cost than in many other regions.
They also really like trading Bitcoin! According to research from peer-to-peer Bitcoin trading platform LocalBitcoins, Russians have consistently topped the ranking for the most bitcoin trading volume over the last couple of years.

Blockchain Companies 

The Russian government so far seems to have a very friendly approach to blockchain technology, carrying out multiple experiments, most notably in finance. Its new legislation toward cryptocurrencies should serve to provide clarity for cryptocurrency users and businesses in this space and perhaps even encourage more companies to incorporate themselves here.
Of note among some of the most successful Russian tech startups are St. Petersburg-based behemoth social media platform Telegram, clean energy company InTech, and mobile tech operators Smart Locks. 
Telegram recently ventured into the cryptocurrency space by holding an ICO last year. While the company is still in talks with the US SEC over the legality of issuing its GRAM tokens to US users, Telegram shows tech and crypto innovation at its finest.
According to a report by Tracxn, there are already some 292 blockchain startups in Russia, and blockchain development firms abound here. Russia is also home to our trusted partners Changelly that allows you to buy DGTX from the best source at the best rate simply by using an email. 
We couldn’t be happier to have found the very best blockchain developers for Digitex. Not only is SmartDec skilled in cybersecurity and smart contract auditing, and a mountain of programming languages, but they’re also some of the best in the Ethereum space.

Wrapping It Up

We’re happy to call Moscow our home for now. Ever since Adam arrived here, he’s had nothing but positive words to say about the quality of talent here and the impressive size and accessibility of the blockchain ecosystem. Digitex is proud to be a company adding to the scene here and to be a robust bitcoin futures exchange built by Russian talent.

November 5, 2019
Blockchain
Digitex Futures

The Russian Tech Scene Is Booming, Let’s Take a Closer Look

Christina Comben
The Russian Tech Scene Is Booming, Let’s Take a Closer Look 20

Russia is a country that you don’t hear a lot about beyond the occasional political feud. Yet, behind the curtain, a lot of people aren’t aware that the Russian startup scene is booming in this country. Besides government support and a growing local startup community, both Moscow and St. Petersburg are home to some of the highest quality talent fostered from excellent local universities. 

The Russian Startup Scene Is Thriving

The local startup community in Moscow is positively thriving, especially in the tech sector. Of course, for non-speakers of Russian, at first, it can be hard to get your foot through the door. Beyond the obvious language barrier, Russian businesses often don’t use the same platforms as other countries to publicize their meetups and events. So, it helps to ask some friendly locals to point you in the right direction.
At Digitex, we’ve been incredibly fortunate to have received so much help and support from the SmartDec team. We’re extremely grateful and proud to be part of such a flourishing scene. There are regular events for new businesses going on here and you simply need to know which sites to look at to find them. These could be social media platforms like vk.com or tech publications VC.ru or Rusbase.
For newcomers to the scene, they can opt to use a co-working space such as WeWork, who set up several office spaces here in 2019, WorkStation, StartHub, and many more. The idea behind these places is to encourage the development of the tech scene and they often hold pitch sessions for entrepreneurs to receive feedback from mentors.
There are also plenty of conferences and events, perhaps the most well-known here is called Startup Village, which is backed and organized by the state-funded Skolkovo Foundation. There is also the Open Innovations Forum, which has attracted the likes of Yandex CEO Arkady Volozh. When it comes to our industry, the Moscow Blockchain conference attracts plenty of visitors every year, and blockchain technology is ever-growing in Russia with its largest bank Sberbank using it to complete payments.

A Growing Pool of Talent

Let’s face it, people don’t come to Russia for its warm weather. But for tech companies, especially in emerging tech sectors like blockchain, a steady flow of highly trained and tech-savvy talent is readily available here. The Russian government has always heavily invested in STEM courses. This has resulted in an abundance of tech talent entering the industry with qualifications from respected educational institutions such as the Moscow State University, the Moscow Institute of Physics and Technology, the Moscow Technological Institute, and the Saint Petersberg State University, to name a few.
The Russian population is made up of many young, highly tech-savvy individuals with an average age of 38. Russia generates more software engineers than any other country and almost twice the amount of the USA. We can attest to the high-quality of developer talent available in this country at a more accessible cost than in many other regions.
They also really like trading Bitcoin! According to research from peer-to-peer Bitcoin trading platform LocalBitcoins, Russians have consistently topped the ranking for the most bitcoin trading volume over the last couple of years.

Blockchain Companies 

The Russian government so far seems to have a very friendly approach to blockchain technology, carrying out multiple experiments, most notably in finance. Its new legislation toward cryptocurrencies should serve to provide clarity for cryptocurrency users and businesses in this space and perhaps even encourage more companies to incorporate themselves here.
Of note among some of the most successful Russian tech startups are St. Petersburg-based behemoth social media platform Telegram, clean energy company InTech, and mobile tech operators Smart Locks. 
Telegram recently ventured into the cryptocurrency space by holding an ICO last year. While the company is still in talks with the US SEC over the legality of issuing its GRAM tokens to US users, Telegram shows tech and crypto innovation at its finest.
According to a report by Tracxn, there are already some 292 blockchain startups in Russia, and blockchain development firms abound here. Russia is also home to our trusted partners Changelly that allows you to buy DGTX from the best source at the best rate simply by using an email. 
We couldn’t be happier to have found the very best blockchain developers for Digitex. Not only is SmartDec skilled in cybersecurity and smart contract auditing, and a mountain of programming languages, but they’re also some of the best in the Ethereum space.

Wrapping It Up

We’re happy to call Moscow our home for now. Ever since Adam arrived here, he’s had nothing but positive words to say about the quality of talent here and the impressive size and accessibility of the blockchain ecosystem. Digitex is proud to be a company adding to the scene here and to be a robust bitcoin futures exchange built by Russian talent.

Latest News

Digitex's Decentralized Exchange (DEX) Head Researcher, Petr Korolev 21

Digitex’s Decentralized Exchange (DEX) Head Researcher, Petr Korolev

Blockchain
Digitex Futures
• admin
August 19, 2019

Petr Korolev of Matter Labs is working closely with Digitex developers SmartDec on the build of Digitex’s decentralized futures trading platform. Petre took some time out of his busy schedule to talk to us about scaling challenges, hackathons and why there’s always plenty to do in the blockchain development space. 
Q: Petr, tell us about yourself and your company. What’s your relationship with SmartDec and the development of the Digitex futures exchange? 
Currently, I’m working as an external expert and partner in close cooperation with SmartDec. I’m the co-founder of Matter Labs, so our chosen name for this collaboration is “SmartMatter”. Matter Labs and SmartDec have already worked on several projects together, so our partnership is a longstanding one. 
So far, my role in the Digitex development project is working on implementing various blockchain innovations: scaling solutions, or more specifically the Plasma research, decentralized trading engines, and non-custodial storage of value. 
I was impressed by the ideas Digitex is bringing to the space, which make use of these innovations. The exchange offers exciting technical development opportunities within the blockchain space. It’s interesting for me to participate and contribute to this process. 
Q: How and why did you get into Ethereum? What makes it so appealing to you?
I have been working in IT for the last 12 years, covering everything from low-level ASM-programming of microprocessors at Intel to advanced machine learning techniques.
In the last 5 years, my focus shifted to fintech and the information security area, which naturally led into the blockchain space. I find it fascinating because blockchain is still new, so from a technical perspective, there are always intriguing problems to work on. It’s an excellent opportunity to solve challenges that nobody has faced before. You are working not as a developer in the more traditional sense, but more like a pioneer and innovator in this field. That’s why I find this area really exciting.
Q: How did you become a researcher into Ethereum’s scaling solutions and what are you working on?
Scalable blockchains are in high demand. So, as someone who does research and development on decentralized systems, it’s inevitable that I’ve come to work on scaling solutions. Moreover, I work a lot on open-source development, participating in ETHackathons. The topic of scaling solutions is everywhere in the community — it’s time to #buidl real tools. 
Let me make a comparison between the mobile and blockchain industries. Blockchain now is at the early stage of its evolution. Although Bitcoin has just recently celebrated its 10th anniversary, the current progress of the blockchain area is similar to the smartphone industry in 2012. 
At that time, it was new technology – there were no precedents or instruction manuals. Developers had to create all kinds of frameworks and fix technical gaps like smooth scrolling, quick search and figure out how to fetch a massive amount of data via mobile networks. Many of these solutions have now become industry standards.
The same things are happening in the blockchain area now. Developers are being challenged to come up with new ideas related to privacy and scaling solutions, as well as with UI/UX. So that’s what I’m working on now. 
And that’s what we’re doing with the SmartDec team – implementing cutting-edge technologies into Digitex futures. On the one hand, we provide a user-friendly interface that hides the complexity of blockchain under the hood. On the other hand, we offer a solution to guarantee the safety of your funds with secure cryptography solutions.
Q: Why you do see Digitex a practical use case for this technology?
Scalability is the number one limitation problem of blockchain. It is not as easy as it sounds to manage a high number of transactions and to do it fast. All this is a primary demand for any exchange that wants to be competitive and attractive, and Digitex is no different. Scaling solutions provide the answer to a possible high capacity of the exchange’s blockchain platform, processing transactions in the network.
Q: What does a typical day look like to you (is there such a thing?!)
I have some rituals in my daily life, like morning yoga and meditation. Usually, I try to plan my day in advance, but we are all humans, and not always everything in life can be scheduled! Most of my time in the working day is dedicated to meetings and to the research itself; coding, researching previous articles and implementations, explore open-source toolsets, that kind of thing. 
Q: What do you love most about your job?
I like that every situation is unique and every time you need to find some new solution. There’s no standard answer or technology for all issues and questions. This always motivates me to make sure I’m on the inside of the industry, know everything I can about the market and competitors, and increase my knowledge so I can provide relevant and competitive solutions. 
Q: What is the most challenging part?
That’s difficult to say when your job is also your passion! In comparison to traditional development, it’s hard to predict and guarantee any results in blockchain. It’s challenging that you never know if some solution or initiative you’re working on will ever work, or be delivered to the market. 
Sometimes it might be a massive amount of information or no information at all for the research, sometimes it might be deadlines. Other times it is just hard to go to sleep when you’ve come across a problem that doesn’t yet have a solution, and your brain won’t stop thinking about it!
Q: You’ve won six out of seven hackathons. That’s pretty impressive! What was your favorite one, and what did it involve?
First, I would like to say that hackathons are always about the collaboration between teammates, mentors and other people involved. I’m happy to have worked with awesome teammates who made it happen.
It started in 2017 when I went to the most significant blockchain hackathon in Russia. It was the first time when I decided to code something blockchain-related. I got the main stage prize directly from Vitalik. That’s how it started.
My favorite hackathon projects are mobile smart-contract interactions (that was later named web3swift), Pyromania, and zDai. Pyromania was the winner of ETHParis 2019, main stage and two sponsors Prizes. zDai.io was the winner of ETHDenver 2019, main stage and three sponsor prizes. Web3swift was the winner of ETHDenver 2018.
Q: How do you see the whole space evolving over the next 5-10 years?
Would you have imagined five or ten years ago that we’ll now be talking about Ethereum, scaling, and cryptocurrencies? I’d guess that the answer will be “no” for most people! 
So, our world and industry are changing so fast that it’s hard to predict anything. I know one thing for sure: it doesn’t matter what I will be doing in 5-10 years, but I will do it for the benefit of people by protecting digital values: personal financial freedom and human right to preserve privacy. That’s the main goal that I’m pursuing.
Q: What do you do when you’re not at your keyboard?
Usually, I’m on my phone, haha! Just what ordinary people do – spending time with family, friends, doing sports. At one time, I was a workaholic but then got kind of burned out, quit IT for six months, and went to the Himalayan mountains in India. Now, I stick to the idea that if you want to be successful then everything should be in balance. 
Thank you Petr, for your time talking to us, and your dedication to building the best possible platform for the decentralized Digitex Futures exchange! 
The DEX version of Digitex Futures (decentralized exchange) is in a research and development stage lead by Petr Korolev in a collaborative effort with SmartDec and other team members specializing in this space. Digitex has created a specific resource allocation to fund this research, putting Digitex at the forefront of building the DEX scalability solution. And when we do, we will be the world’s first DEX zero-fee futures exchange. 
This is an extraordinary discovery process leading to a cutting-edge product for the crypto futures trading market. Although, there is significant work ahead in this journey. Therefore, it’s most likely that we will launch a centralized Digitex Futures exchange first as the framework and engine are much closer to being production-ready, while the DEX side still has much work left ahead. This will enable us to launch our exchange, without waiting for the DEX technology to undergo the necessary further development and later, rigorous testing. 
At Digitex, we believe in delivering the best and most innovative product into the market, hence why it has taken us much longer than originally planned to release the first version of Digitex. Stay tuned for further updates as we move ever-closer to launch!

August 19, 2019
Blockchain
Digitex Futures

Digitex’s Decentralized Exchange (DEX) Head Researcher, Petr Korolev

admin
Digitex's Decentralized Exchange (DEX) Head Researcher, Petr Korolev 22

Petr Korolev of Matter Labs is working closely with Digitex developers SmartDec on the build of Digitex’s decentralized futures trading platform. Petre took some time out of his busy schedule to talk to us about scaling challenges, hackathons and why there’s always plenty to do in the blockchain development space. 
Q: Petr, tell us about yourself and your company. What’s your relationship with SmartDec and the development of the Digitex futures exchange? 
Currently, I’m working as an external expert and partner in close cooperation with SmartDec. I’m the co-founder of Matter Labs, so our chosen name for this collaboration is “SmartMatter”. Matter Labs and SmartDec have already worked on several projects together, so our partnership is a longstanding one. 
So far, my role in the Digitex development project is working on implementing various blockchain innovations: scaling solutions, or more specifically the Plasma research, decentralized trading engines, and non-custodial storage of value. 
I was impressed by the ideas Digitex is bringing to the space, which make use of these innovations. The exchange offers exciting technical development opportunities within the blockchain space. It’s interesting for me to participate and contribute to this process. 
Q: How and why did you get into Ethereum? What makes it so appealing to you?
I have been working in IT for the last 12 years, covering everything from low-level ASM-programming of microprocessors at Intel to advanced machine learning techniques.
In the last 5 years, my focus shifted to fintech and the information security area, which naturally led into the blockchain space. I find it fascinating because blockchain is still new, so from a technical perspective, there are always intriguing problems to work on. It’s an excellent opportunity to solve challenges that nobody has faced before. You are working not as a developer in the more traditional sense, but more like a pioneer and innovator in this field. That’s why I find this area really exciting.
Q: How did you become a researcher into Ethereum’s scaling solutions and what are you working on?
Scalable blockchains are in high demand. So, as someone who does research and development on decentralized systems, it’s inevitable that I’ve come to work on scaling solutions. Moreover, I work a lot on open-source development, participating in ETHackathons. The topic of scaling solutions is everywhere in the community — it’s time to #buidl real tools. 
Let me make a comparison between the mobile and blockchain industries. Blockchain now is at the early stage of its evolution. Although Bitcoin has just recently celebrated its 10th anniversary, the current progress of the blockchain area is similar to the smartphone industry in 2012. 
At that time, it was new technology – there were no precedents or instruction manuals. Developers had to create all kinds of frameworks and fix technical gaps like smooth scrolling, quick search and figure out how to fetch a massive amount of data via mobile networks. Many of these solutions have now become industry standards.
The same things are happening in the blockchain area now. Developers are being challenged to come up with new ideas related to privacy and scaling solutions, as well as with UI/UX. So that’s what I’m working on now. 
And that’s what we’re doing with the SmartDec team – implementing cutting-edge technologies into Digitex futures. On the one hand, we provide a user-friendly interface that hides the complexity of blockchain under the hood. On the other hand, we offer a solution to guarantee the safety of your funds with secure cryptography solutions.
Q: Why you do see Digitex a practical use case for this technology?
Scalability is the number one limitation problem of blockchain. It is not as easy as it sounds to manage a high number of transactions and to do it fast. All this is a primary demand for any exchange that wants to be competitive and attractive, and Digitex is no different. Scaling solutions provide the answer to a possible high capacity of the exchange’s blockchain platform, processing transactions in the network.
Q: What does a typical day look like to you (is there such a thing?!)
I have some rituals in my daily life, like morning yoga and meditation. Usually, I try to plan my day in advance, but we are all humans, and not always everything in life can be scheduled! Most of my time in the working day is dedicated to meetings and to the research itself; coding, researching previous articles and implementations, explore open-source toolsets, that kind of thing. 
Q: What do you love most about your job?
I like that every situation is unique and every time you need to find some new solution. There’s no standard answer or technology for all issues and questions. This always motivates me to make sure I’m on the inside of the industry, know everything I can about the market and competitors, and increase my knowledge so I can provide relevant and competitive solutions. 
Q: What is the most challenging part?
That’s difficult to say when your job is also your passion! In comparison to traditional development, it’s hard to predict and guarantee any results in blockchain. It’s challenging that you never know if some solution or initiative you’re working on will ever work, or be delivered to the market. 
Sometimes it might be a massive amount of information or no information at all for the research, sometimes it might be deadlines. Other times it is just hard to go to sleep when you’ve come across a problem that doesn’t yet have a solution, and your brain won’t stop thinking about it!
Q: You’ve won six out of seven hackathons. That’s pretty impressive! What was your favorite one, and what did it involve?
First, I would like to say that hackathons are always about the collaboration between teammates, mentors and other people involved. I’m happy to have worked with awesome teammates who made it happen.
It started in 2017 when I went to the most significant blockchain hackathon in Russia. It was the first time when I decided to code something blockchain-related. I got the main stage prize directly from Vitalik. That’s how it started.
My favorite hackathon projects are mobile smart-contract interactions (that was later named web3swift), Pyromania, and zDai. Pyromania was the winner of ETHParis 2019, main stage and two sponsors Prizes. zDai.io was the winner of ETHDenver 2019, main stage and three sponsor prizes. Web3swift was the winner of ETHDenver 2018.
Q: How do you see the whole space evolving over the next 5-10 years?
Would you have imagined five or ten years ago that we’ll now be talking about Ethereum, scaling, and cryptocurrencies? I’d guess that the answer will be “no” for most people! 
So, our world and industry are changing so fast that it’s hard to predict anything. I know one thing for sure: it doesn’t matter what I will be doing in 5-10 years, but I will do it for the benefit of people by protecting digital values: personal financial freedom and human right to preserve privacy. That’s the main goal that I’m pursuing.
Q: What do you do when you’re not at your keyboard?
Usually, I’m on my phone, haha! Just what ordinary people do – spending time with family, friends, doing sports. At one time, I was a workaholic but then got kind of burned out, quit IT for six months, and went to the Himalayan mountains in India. Now, I stick to the idea that if you want to be successful then everything should be in balance. 
Thank you Petr, for your time talking to us, and your dedication to building the best possible platform for the decentralized Digitex Futures exchange! 
The DEX version of Digitex Futures (decentralized exchange) is in a research and development stage lead by Petr Korolev in a collaborative effort with SmartDec and other team members specializing in this space. Digitex has created a specific resource allocation to fund this research, putting Digitex at the forefront of building the DEX scalability solution. And when we do, we will be the world’s first DEX zero-fee futures exchange. 
This is an extraordinary discovery process leading to a cutting-edge product for the crypto futures trading market. Although, there is significant work ahead in this journey. Therefore, it’s most likely that we will launch a centralized Digitex Futures exchange first as the framework and engine are much closer to being production-ready, while the DEX side still has much work left ahead. This will enable us to launch our exchange, without waiting for the DEX technology to undergo the necessary further development and later, rigorous testing. 
At Digitex, we believe in delivering the best and most innovative product into the market, hence why it has taken us much longer than originally planned to release the first version of Digitex. Stay tuned for further updates as we move ever-closer to launch!

Latest News

Is Bitcoin on The Path to Becoming The World’s Reserve Currency? 23

Is Bitcoin on The Path to Becoming The World’s Reserve Currency?

Crypto Industry
Digitex Futures
• Dave Reiter
August 6, 2019

When Satoshi Nakamoto mined the Bitcoin genesis block in January 2009, nobody could have predicted that ten years later, the financial community would seriously be discussing the possibility of Bitcoin becoming the world’s reserve currency. Not even the most ardent crypto-bulls would have even imagined that BTC could one day achieve such a coveted status.
But what does it mean to become a reserve currency and what’s the likelihood that Bitcoin will actually replace the US Dollar as the world’s most important monetary unit? Let’s examine the details.
As the name implies, a reserve currency is a unit of account held in large quantities by governments, institutions and global central banks. The world’s reserve currency is the largest holding within each country’s foreign exchange reserves. It separates itself from other currencies based on the fact that it is predominately used in international transactions, international investments and all aspects of the global economy. 
Consequently, the world’s reserve currency must be incredibly stable, universally accepted and attached to a fairly stable government. 

US Dollar Becomes the World’s Reserve Currency

Contrary to popular belief, the US Dollar hasn’t been the world’s reserve currency for hundreds of years. Officially, the US Dollar became the world’s reserve currency in July 1944, during the Bretton Woods Conference. The conference was a gathering of 44 nations with the shared purpose of establishing a new global monetary system to take effect after the conclusion of the war.
The Bretton Woods Conference was a rather lengthy affair, lasting almost the entire month of July 1944. During the final few days of the conference, all participating countries signed the “Bretton Woods Agreement,” which established guidelines and parameters for promoting free trade and capital flows between countries. 
Additionally, each Bretton Woods participant signed a formal accord stating that all countries would link their respective domestic currencies to the US dollar via a fixed exchange rate mechanism. In return, the US dollar would be linked to the price of gold, so that all participating countries could redeem their dollars for gold on demand. 

As a result of this agreement, the US dollar became the de facto World Reserve Currency.       

Financial historians claim that the Bretton Woods Conference was the most successful meeting of the 20th century between multiple countries. Why? Because it created an atmosphere of free trade, transfers of investment capital between countries, economic cooperation, and a stable global currency arrangement. 
For the first time in modern history, nations had a system in place that promoted and encouraged economic prosperity for all participants. 
Unfortunately, the Bretton Woods Agreement slowly began to disintegrate in the 1960s, as the United States dramatically increased the issuance of US dollars as a means of financing the war effort in Vietnam. Furthermore, the US government implemented several domestic social programs in an attempt to stimulate the economy. 
Countries who were holding US Dollars in accordance with the Bretton Woods Agreement began to increase the conversion rate of the dollar to gold. By the early 1970s, the demand for gold had peaked to the level that President Nixon abolished the convertibility of gold for Bretton Woods participants. 
Nixon officially closed the “gold window” on 15 August 1971, essentially bringing the Bretton Woods Agreement to an end after 37 years.

The US Dollar Prevails by Default

Upon the termination of the Bretton Woods Agreement, the global currency system moved to a floating exchange rate system. This system has now been in place continuously for the past five decades. The US dollar still remains the World’s Reserve Currency. In fact, the dollar easily leads all other industrialized nations for daily currency transactions between countries. Additionally, the world’s central banks hold an inordinate value of US dollars as a percentage of their total reserves.
However, during the past few decades, a growing number of international economists, global business executives, foreign leaders, foreign politicians and professional traders within the investment community have called for a new monetary system. Prior to the unveiling of Bitcoin in 2009, the majority of experts were in favor of organizing a “Bretton Woods 2.0 Conference,” for the sole purpose of outlining a new global currency system. 
Although the conference was never held, the prevailing view was that it could establish a new World Reserve Currency, consisting of a basket of currencies from the most economically influential countries. This basket of currencies would be managed by the International Monetary Fund (IMF). The basket would be known as Special Drawing Rights (SDR). 
But, so far, this concept has never come to fruition.

Is Bitcoin Suitable for Becoming the World’s Reserve Currency?        

The introduction of Bitcoin in 2009 has sparked a renewed effort to adopt some type of updated monetary system using digital currencies. Many global economists claim that today’s fiat currency system is outmoded and incapable of meeting the needs of future generations who will continue to increase their reliance on digital currencies.
Economists who favor the use of BTC as the world’s reserve currency claim that Bitcoin must enhance its presence in three main categories in order to be viewed by the general public as a legitimate reserve currency. These categories include serving as medium of exchange, a store of value, and a unit of account. 
Let’s briefly review each category.

Medium of Exchange

In order for Bitcoin to be taken seriously as a global reserve currency, it needs to dramatically improve its functionality as a medium of exchange. In other words, BTC must provide businesses and consumers the ability to easily exchange their Bitcoins for goods and services. 
Currently, Bitcoin performs rather poorly as a medium of exchange because there’s no global payment system in place allowing for a seamless transfer of Bitcoins from consumers to merchants. At least for now, the US Dollar serves as a far superior medium of exchange because it’s linked to several different merchant payment systems. 
Of course, the most popular merchant payment systems are Visa, Mastercard, and American Express. Until BTC introduces some type of legitimate merchant payment system, it will never be regarded by the general public, or by traditional financial structures, as an acceptable medium of exchange.

Store of Value

A global reserve currency must be able to preserve its value over a long period of time and also maintain price stability. Although Bitcoin has only been in existence for ten years, it has certainly preserved its store of value. In fact, BTC has increased in value by several thousand percent since it was launched in January 2009. Therefore, Bitcoin easily passes the test as a store of value.
Unfortunately, BTC falls way short in the area of price stability. Since its inception, Bitcoin has been incredibly volatile. In fact, it’s not uncommon for BTC to fluctuate 10% to 15% in a single day. In 2014, BTC lost 62% of its value. Four years later, in 2018, Bitcoin suffered a 78% decline. These types of violent price swings will not be tolerated by the vast majority of consumers. Proponents of Bitcoin must find a way to stabilize the price if they want to promote BTC as a viable replacement for the US Dollar.

Unit of Account

The third category is more of a difficult concept to understand. The technical definition of a unit of account is “a standard numerical unit of measurement used for the purpose of recording the market value of goods and services.” 
For example, all businesses need a reliable unit of account in order to accurately determine and record the value of their assets. A unit of account is especially necessary for companies that maintain large inventories of goods and materials. Bitcoin struggles to be an adequate unit of account because of its price volatility. 
As an example, let’s assume XYZ Widgets Company uses Bitcoin as a unit of account when determining the value of its widget inventory. Due to the volatile nature of Bitcoin’s price, the company’s widget inventory would fluctuate substantially on a daily basis. Therefore, it’s easy to see why BTC wouldn’t serve as a satisfactory unit of account.

The Current Fiat-Based System Will Eventually Disappear

Could Bitcoin eventually become globally accepted as the World’s Reserve Currency? Yes, it could. 
However, until BTC and other digital currencies offer greater price stability, businesses and consumers will most likely continue to prefer using the current fiat money system with the US dollar serving as the World’s Reserve Currency. 
The cryptocurrency community has certainly made an effort to address the issue of price volatility with the introduction of stable coins such as Tether and TrueUSD. However, the stablecoin is still a relatively new concept that must be accepted by mainstream consumers.
There is no doubt that the current fiat-based global currency system will eventually be replaced. It certainly appears that digital currencies have an excellent chance of assuming the leadership role in a new global currency system. 
But it’s highly unlikely that this transition will occur anytime soon. It will take time to educate the global population about the positive aspects of digital currencies like Bitcoin. Ultimately, a new currency system will undoubtedly prevail because it’s impossible to stop the forward progress of technology.               
Full Disclosure: I own BTC on the spot market, BTC futures, and BTC exchange-traded notes.

August 6, 2019
Crypto Industry
Digitex Futures

Is Bitcoin on The Path to Becoming The World’s Reserve Currency?

Dave Reiter
Is Bitcoin on The Path to Becoming The World’s Reserve Currency? 24

When Satoshi Nakamoto mined the Bitcoin genesis block in January 2009, nobody could have predicted that ten years later, the financial community would seriously be discussing the possibility of Bitcoin becoming the world’s reserve currency. Not even the most ardent crypto-bulls would have even imagined that BTC could one day achieve such a coveted status.
But what does it mean to become a reserve currency and what’s the likelihood that Bitcoin will actually replace the US Dollar as the world’s most important monetary unit? Let’s examine the details.
As the name implies, a reserve currency is a unit of account held in large quantities by governments, institutions and global central banks. The world’s reserve currency is the largest holding within each country’s foreign exchange reserves. It separates itself from other currencies based on the fact that it is predominately used in international transactions, international investments and all aspects of the global economy. 
Consequently, the world’s reserve currency must be incredibly stable, universally accepted and attached to a fairly stable government. 

US Dollar Becomes the World’s Reserve Currency

Contrary to popular belief, the US Dollar hasn’t been the world’s reserve currency for hundreds of years. Officially, the US Dollar became the world’s reserve currency in July 1944, during the Bretton Woods Conference. The conference was a gathering of 44 nations with the shared purpose of establishing a new global monetary system to take effect after the conclusion of the war.
The Bretton Woods Conference was a rather lengthy affair, lasting almost the entire month of July 1944. During the final few days of the conference, all participating countries signed the “Bretton Woods Agreement,” which established guidelines and parameters for promoting free trade and capital flows between countries. 
Additionally, each Bretton Woods participant signed a formal accord stating that all countries would link their respective domestic currencies to the US dollar via a fixed exchange rate mechanism. In return, the US dollar would be linked to the price of gold, so that all participating countries could redeem their dollars for gold on demand. 

As a result of this agreement, the US dollar became the de facto World Reserve Currency.       

Financial historians claim that the Bretton Woods Conference was the most successful meeting of the 20th century between multiple countries. Why? Because it created an atmosphere of free trade, transfers of investment capital between countries, economic cooperation, and a stable global currency arrangement. 
For the first time in modern history, nations had a system in place that promoted and encouraged economic prosperity for all participants. 
Unfortunately, the Bretton Woods Agreement slowly began to disintegrate in the 1960s, as the United States dramatically increased the issuance of US dollars as a means of financing the war effort in Vietnam. Furthermore, the US government implemented several domestic social programs in an attempt to stimulate the economy. 
Countries who were holding US Dollars in accordance with the Bretton Woods Agreement began to increase the conversion rate of the dollar to gold. By the early 1970s, the demand for gold had peaked to the level that President Nixon abolished the convertibility of gold for Bretton Woods participants. 
Nixon officially closed the “gold window” on 15 August 1971, essentially bringing the Bretton Woods Agreement to an end after 37 years.

The US Dollar Prevails by Default

Upon the termination of the Bretton Woods Agreement, the global currency system moved to a floating exchange rate system. This system has now been in place continuously for the past five decades. The US dollar still remains the World’s Reserve Currency. In fact, the dollar easily leads all other industrialized nations for daily currency transactions between countries. Additionally, the world’s central banks hold an inordinate value of US dollars as a percentage of their total reserves.
However, during the past few decades, a growing number of international economists, global business executives, foreign leaders, foreign politicians and professional traders within the investment community have called for a new monetary system. Prior to the unveiling of Bitcoin in 2009, the majority of experts were in favor of organizing a “Bretton Woods 2.0 Conference,” for the sole purpose of outlining a new global currency system. 
Although the conference was never held, the prevailing view was that it could establish a new World Reserve Currency, consisting of a basket of currencies from the most economically influential countries. This basket of currencies would be managed by the International Monetary Fund (IMF). The basket would be known as Special Drawing Rights (SDR). 
But, so far, this concept has never come to fruition.

Is Bitcoin Suitable for Becoming the World’s Reserve Currency?        

The introduction of Bitcoin in 2009 has sparked a renewed effort to adopt some type of updated monetary system using digital currencies. Many global economists claim that today’s fiat currency system is outmoded and incapable of meeting the needs of future generations who will continue to increase their reliance on digital currencies.
Economists who favor the use of BTC as the world’s reserve currency claim that Bitcoin must enhance its presence in three main categories in order to be viewed by the general public as a legitimate reserve currency. These categories include serving as medium of exchange, a store of value, and a unit of account. 
Let’s briefly review each category.

Medium of Exchange

In order for Bitcoin to be taken seriously as a global reserve currency, it needs to dramatically improve its functionality as a medium of exchange. In other words, BTC must provide businesses and consumers the ability to easily exchange their Bitcoins for goods and services. 
Currently, Bitcoin performs rather poorly as a medium of exchange because there’s no global payment system in place allowing for a seamless transfer of Bitcoins from consumers to merchants. At least for now, the US Dollar serves as a far superior medium of exchange because it’s linked to several different merchant payment systems. 
Of course, the most popular merchant payment systems are Visa, Mastercard, and American Express. Until BTC introduces some type of legitimate merchant payment system, it will never be regarded by the general public, or by traditional financial structures, as an acceptable medium of exchange.

Store of Value

A global reserve currency must be able to preserve its value over a long period of time and also maintain price stability. Although Bitcoin has only been in existence for ten years, it has certainly preserved its store of value. In fact, BTC has increased in value by several thousand percent since it was launched in January 2009. Therefore, Bitcoin easily passes the test as a store of value.
Unfortunately, BTC falls way short in the area of price stability. Since its inception, Bitcoin has been incredibly volatile. In fact, it’s not uncommon for BTC to fluctuate 10% to 15% in a single day. In 2014, BTC lost 62% of its value. Four years later, in 2018, Bitcoin suffered a 78% decline. These types of violent price swings will not be tolerated by the vast majority of consumers. Proponents of Bitcoin must find a way to stabilize the price if they want to promote BTC as a viable replacement for the US Dollar.

Unit of Account

The third category is more of a difficult concept to understand. The technical definition of a unit of account is “a standard numerical unit of measurement used for the purpose of recording the market value of goods and services.” 
For example, all businesses need a reliable unit of account in order to accurately determine and record the value of their assets. A unit of account is especially necessary for companies that maintain large inventories of goods and materials. Bitcoin struggles to be an adequate unit of account because of its price volatility. 
As an example, let’s assume XYZ Widgets Company uses Bitcoin as a unit of account when determining the value of its widget inventory. Due to the volatile nature of Bitcoin’s price, the company’s widget inventory would fluctuate substantially on a daily basis. Therefore, it’s easy to see why BTC wouldn’t serve as a satisfactory unit of account.

The Current Fiat-Based System Will Eventually Disappear

Could Bitcoin eventually become globally accepted as the World’s Reserve Currency? Yes, it could. 
However, until BTC and other digital currencies offer greater price stability, businesses and consumers will most likely continue to prefer using the current fiat money system with the US dollar serving as the World’s Reserve Currency. 
The cryptocurrency community has certainly made an effort to address the issue of price volatility with the introduction of stable coins such as Tether and TrueUSD. However, the stablecoin is still a relatively new concept that must be accepted by mainstream consumers.
There is no doubt that the current fiat-based global currency system will eventually be replaced. It certainly appears that digital currencies have an excellent chance of assuming the leadership role in a new global currency system. 
But it’s highly unlikely that this transition will occur anytime soon. It will take time to educate the global population about the positive aspects of digital currencies like Bitcoin. Ultimately, a new currency system will undoubtedly prevail because it’s impossible to stop the forward progress of technology.               
Full Disclosure: I own BTC on the spot market, BTC futures, and BTC exchange-traded notes.

Latest News

Catch Digitex CEO at the Barcelona Trading Conference 25

Catch Digitex CEO at the Barcelona Trading Conference

Digitex Futures
Trading
• Christina Comben
June 25, 2019

On the 10th to 11th July, the breath-taking city of Barcelona will be hosting its first Barcelona Trading Conference. Organized by Finance Magnates and Ultimate Fintech, this unmissable event will bring together major players from all sides of technology and finance. There will be keynote speeches, workshops (one held by Adam himself), and, of course, scintillating hallway discussions about all things trading, and institutional adoption of crypto assets. 

The Barcelona Trading Conference

Unlike many industry conferences where ticket prices are high, you can register completely free and enjoy two full days of listening to industry professionals from around the world debating the hottest topics in the space. 
Slated for discussion already is the topic of how the financial services industry is adapting to crypto innovation, what technology is doing to the space, and the growing prevalence of cryptocurrency trading.
Among the speakers and attendees will be top banking executives, exchange founders, CEOs, CTOs, and other chief representatives from plenty of fintech and digital technology companies. There will also be a talk from Pere Aragonès, Vice President and Minister of Economy and Finance of the Government of Catalan, to share initiatives being taken to foster to the crypto ecosystem in this forward-looking part of the world.
As a trading conference, of course, all the major exchanges will be there from Binance to Bitstamp, Bitfinex, eToro, and many others. There will also be smaller exchanges and some DEXs joining in the conversation about how to build a user base and overcome their infamous liquidity issues.
Digitex Futures is looking forward to connecting with more of our peers over two glorious days of everything related to trading! We’ll also be meeting interested parties, investors, traders, and–of course–any of our Digitex community who simply want to come along and meet Adam in person.

How to Make Trading More Accessible and Less Expensive

In the morning of the second day, Adam will be giving an exclusive workshop on how to make trading more accessible and less expensive. This will be a great opportunity to introduce the Digitex project to new eyes particularly in the Spanish arena.
It will also give Adam another chance to stand up for the retail trader and explain why and how Digitex will remove commission fees from futures trading and allow traders to make greater gains without a mechanical edge against them in the form of institutional market makers.
With so much interest on the institutional money, Digitex is something of an odd-ball being built for the retail trader. Yet, so many traditional retail traders are paying out exorbitant fees to a broker right now or losing profits to fee-charging exchanges like OKEx and Binance, prohibiting certain short-term trading tactics such as scalping.
Adam will explain how Digitex tokenomics works, and speak in greater depth about the latest developments at our commission-free exchange. This will include our recent decision to become a DAO, yesterday’s token burning proposal–and plenty more besides!
Alongside Bitfinex talking about its year ahead and OKCoin walking participants through its institutional program, Adam’s workshop is bound to be one of the most interesting and highly attended at the event. 
So, if you find yourself in Barcelona or even a short flight away, make the time to come over and learn from the brightest minds in the Crypto world. 

Networking at the Event

Gaudi’s Barcelona is like wandering around in a fairytale with its baroque buildings, jaw-dropping Sagrada Familia cathedral, and dream-like architecture that tells a million stories. It’s also one of the most throbbing cities in Europe when it comes to nightlife, networking, and round-the-clock parties. 
The event organizers will be arranging a free electronic after-party for everyone to attend, make contacts, unwind, and drink in the stunning views of the Mediterranean. So be sure to add this one to your agenda to learn more about cryptocurrency trading, Digitex’s exciting plans, and the most beautiful city in Spain.

June 25, 2019
Digitex Futures
Trading

Catch Digitex CEO at the Barcelona Trading Conference

Christina Comben
Catch Digitex CEO at the Barcelona Trading Conference 26

On the 10th to 11th July, the breath-taking city of Barcelona will be hosting its first Barcelona Trading Conference. Organized by Finance Magnates and Ultimate Fintech, this unmissable event will bring together major players from all sides of technology and finance. There will be keynote speeches, workshops (one held by Adam himself), and, of course, scintillating hallway discussions about all things trading, and institutional adoption of crypto assets. 

The Barcelona Trading Conference

Unlike many industry conferences where ticket prices are high, you can register completely free and enjoy two full days of listening to industry professionals from around the world debating the hottest topics in the space. 
Slated for discussion already is the topic of how the financial services industry is adapting to crypto innovation, what technology is doing to the space, and the growing prevalence of cryptocurrency trading.
Among the speakers and attendees will be top banking executives, exchange founders, CEOs, CTOs, and other chief representatives from plenty of fintech and digital technology companies. There will also be a talk from Pere Aragonès, Vice President and Minister of Economy and Finance of the Government of Catalan, to share initiatives being taken to foster to the crypto ecosystem in this forward-looking part of the world.
As a trading conference, of course, all the major exchanges will be there from Binance to Bitstamp, Bitfinex, eToro, and many others. There will also be smaller exchanges and some DEXs joining in the conversation about how to build a user base and overcome their infamous liquidity issues.
Digitex Futures is looking forward to connecting with more of our peers over two glorious days of everything related to trading! We’ll also be meeting interested parties, investors, traders, and–of course–any of our Digitex community who simply want to come along and meet Adam in person.

How to Make Trading More Accessible and Less Expensive

In the morning of the second day, Adam will be giving an exclusive workshop on how to make trading more accessible and less expensive. This will be a great opportunity to introduce the Digitex project to new eyes particularly in the Spanish arena.
It will also give Adam another chance to stand up for the retail trader and explain why and how Digitex will remove commission fees from futures trading and allow traders to make greater gains without a mechanical edge against them in the form of institutional market makers.
With so much interest on the institutional money, Digitex is something of an odd-ball being built for the retail trader. Yet, so many traditional retail traders are paying out exorbitant fees to a broker right now or losing profits to fee-charging exchanges like OKEx and Binance, prohibiting certain short-term trading tactics such as scalping.
Adam will explain how Digitex tokenomics works, and speak in greater depth about the latest developments at our commission-free exchange. This will include our recent decision to become a DAO, yesterday’s token burning proposal–and plenty more besides!
Alongside Bitfinex talking about its year ahead and OKCoin walking participants through its institutional program, Adam’s workshop is bound to be one of the most interesting and highly attended at the event. 
So, if you find yourself in Barcelona or even a short flight away, make the time to come over and learn from the brightest minds in the Crypto world. 

Networking at the Event

Gaudi’s Barcelona is like wandering around in a fairytale with its baroque buildings, jaw-dropping Sagrada Familia cathedral, and dream-like architecture that tells a million stories. It’s also one of the most throbbing cities in Europe when it comes to nightlife, networking, and round-the-clock parties. 
The event organizers will be arranging a free electronic after-party for everyone to attend, make contacts, unwind, and drink in the stunning views of the Mediterranean. So be sure to add this one to your agenda to learn more about cryptocurrency trading, Digitex’s exciting plans, and the most beautiful city in Spain.

Latest News

Institutional Players Entering the Blockchain Market, What Does it Mean for Mass Adoption? 27

Institutional Players Entering the Blockchain Market, What Does it Mean for Mass Adoption?

Blockchain
Digitex Futures
• Trekk
May 20, 2019

New York Blockchain Week 2019 has come and gone for the Big Apple. For most of the newer attendees consisting of government folks, corporate types, and the regular crypto newcomer, it was all about Consensus. And this year compared to last, there was almost a tangible difference. It was no longer about speculation, but real use cases and large institutional players entering the market. So, what does that mean for mass adoption?

The Price of Bitcoin Went Wild

Aside from all the hustle and bustle, events, and networking, Bitcoin making it to $8,000+ during the week put smiles on the faces of many traders. Finally, the markets got a break from the crypto winter and all types of industry players were there. From content creators like Kenn Bosak to noted traders like Tone Vas, and even lawyers flying in from the west coast and as far a Singapore.  
Based on announcements made during the past week, there’s no denying mass adoption wasn’t just a catchphrase used back in 2016. This year, we saw both corporate and government come out–and the price of Bitcoin react accordingly. In fact, we’re now officially in a new crypto bull market.
Blockchain and off-chain companies made some pretty massive announcements from eBay to Whole Foods. One of the majors was Microsoft building on the Bitcoin blockchain. There’s no question, the crossover is happening.

Institutional Players Are Entering the Space

For any conference, no matter the industry, one thing holds true. Paying attention to the main stage is what you do when you want to hear the press release announcements. But when you want to listen to what’s really going on, that’s where the “hall-cons” come in. Well, that’s if you couldn’t make it into a private meeting room.
For Consensus, the Hilton’s lobby was where it was at. That’s where the buzz was happening. Lawyers were flying in from all over looking for corporate clients. IBM had a booth for the same reason. It’s about the brand association, and they realized they had to be there to engage with other established companies in the space.
Microsoft announced it’s building Digital Identification (DID) on the Bitcoin blockchain was huge. A well-established industry player embracing an anti-establishment technology is likely to be one of many catalysts to mass adoption of Bitcoin and cryptocurrencies. MS has the power to take the technology to its huge corporate user base and, eventually, to end users.
Bitcoin, blockchain, Ethereum, crypto… these will no longer be just words that people feel like they’ve heard, but actual technologies they use in their daily lives. We’re starting to cross the chasm and more people in the space can only be a good thing for every project in it including Digitex. More users, more traders, and even more liquidity upon launch.

Even Legislation Is Shaping Up

Warren Davidson US Rep (R) Ohio sat on stage telling the audience about a bill called the Token Taxonomy Act. As he stated, it’s intended to give “legislative certainty, light touch that keeps the capital formation happening…”. Whether the bill passes and becomes law in its original version or not is a totally different story though.
SEC Commissioner Hester Peirce, otherwise known as “Crypto Mom” had no news about Bitcoin Exchange Trading Funds (ETFs). But she was present and gave interviews. These are clear signs that the U.S. government’s position is changing, and mass adoption is coming. The gate guards are attending events they would have stayed clear of two years ago.

Another Sign of the Coming Change

Polymath held a one-day event right next door to Consensus. The most exciting thing to note as a sign that the blockchain market is turning around is the company that organized the event. It was a Canadian-based company called Untraceable. Tracy Leparulo’s brainchild was launched during the crypto winter of 2018.
If you’re not seeing the dots connect, here they are: Leparulo looked to start a company that deals explicitly with blockchain and crypto related events. During that time, the overall sentiment was low for the space.
Companies like ConsenSys were downsizing, while others were just closing their doors. This is a real-world example of secondary-layer business development. Companies like Untraceable provide services to companies that work directly with blockchains and cryptocurrencies. The ecosystem is growing.

Questioning the Hype

With all the corporate faces walking around Consensus, one could think there was no question of the establishment coming into the space. But there were still many who remained suspicious of the institutional-level money now coming in. They were asking the more critical questions about smart contracts and what they really mean in the context of the law.
The Bitcoin Center’s Satoshi Square had its own event hosted by Crypto Finally with special guest, former Congressman Ron Paul. The audience was ecstatic. Paul was one of the first politicians to be a supporter of Bitcoin and what it could do for everyday people and society as a whole. Having been in the political arena for so long, he made sure to bring up his concerns about allowing traditional financial institutions to come in.  

Wrapping it Up

New York Blockchain Week 2019 wasn’t about schilling your idea of a product or token. In fact, depending on what event you attended, it was clearly stated no schilling allowed. It marked a lot of maturity in the space. There were plenty of positive announcements made at the various functions, as well.
More importantly, the writing is on the wall. The government, traditional tech, and financial institutions are all making their moves to get in.
Is mass adoption guaranteed by 2020? Probably not. But this past week in New York marks a noticeable change in the mainstream, corporate, and private sectors’ perception of blockchain and cryptocurrencies. And that, in itself, is huge.

May 20, 2019
Blockchain
Digitex Futures

Institutional Players Entering the Blockchain Market, What Does it Mean for Mass Adoption?

Trekk
Institutional Players Entering the Blockchain Market, What Does it Mean for Mass Adoption? 28

New York Blockchain Week 2019 has come and gone for the Big Apple. For most of the newer attendees consisting of government folks, corporate types, and the regular crypto newcomer, it was all about Consensus. And this year compared to last, there was almost a tangible difference. It was no longer about speculation, but real use cases and large institutional players entering the market. So, what does that mean for mass adoption?

The Price of Bitcoin Went Wild

Aside from all the hustle and bustle, events, and networking, Bitcoin making it to $8,000+ during the week put smiles on the faces of many traders. Finally, the markets got a break from the crypto winter and all types of industry players were there. From content creators like Kenn Bosak to noted traders like Tone Vas, and even lawyers flying in from the west coast and as far a Singapore.  
Based on announcements made during the past week, there’s no denying mass adoption wasn’t just a catchphrase used back in 2016. This year, we saw both corporate and government come out–and the price of Bitcoin react accordingly. In fact, we’re now officially in a new crypto bull market.
Blockchain and off-chain companies made some pretty massive announcements from eBay to Whole Foods. One of the majors was Microsoft building on the Bitcoin blockchain. There’s no question, the crossover is happening.

Institutional Players Are Entering the Space

For any conference, no matter the industry, one thing holds true. Paying attention to the main stage is what you do when you want to hear the press release announcements. But when you want to listen to what’s really going on, that’s where the “hall-cons” come in. Well, that’s if you couldn’t make it into a private meeting room.
For Consensus, the Hilton’s lobby was where it was at. That’s where the buzz was happening. Lawyers were flying in from all over looking for corporate clients. IBM had a booth for the same reason. It’s about the brand association, and they realized they had to be there to engage with other established companies in the space.
Microsoft announced it’s building Digital Identification (DID) on the Bitcoin blockchain was huge. A well-established industry player embracing an anti-establishment technology is likely to be one of many catalysts to mass adoption of Bitcoin and cryptocurrencies. MS has the power to take the technology to its huge corporate user base and, eventually, to end users.
Bitcoin, blockchain, Ethereum, crypto… these will no longer be just words that people feel like they’ve heard, but actual technologies they use in their daily lives. We’re starting to cross the chasm and more people in the space can only be a good thing for every project in it including Digitex. More users, more traders, and even more liquidity upon launch.

Even Legislation Is Shaping Up

Warren Davidson US Rep (R) Ohio sat on stage telling the audience about a bill called the Token Taxonomy Act. As he stated, it’s intended to give “legislative certainty, light touch that keeps the capital formation happening…”. Whether the bill passes and becomes law in its original version or not is a totally different story though.
SEC Commissioner Hester Peirce, otherwise known as “Crypto Mom” had no news about Bitcoin Exchange Trading Funds (ETFs). But she was present and gave interviews. These are clear signs that the U.S. government’s position is changing, and mass adoption is coming. The gate guards are attending events they would have stayed clear of two years ago.

Another Sign of the Coming Change

Polymath held a one-day event right next door to Consensus. The most exciting thing to note as a sign that the blockchain market is turning around is the company that organized the event. It was a Canadian-based company called Untraceable. Tracy Leparulo’s brainchild was launched during the crypto winter of 2018.
If you’re not seeing the dots connect, here they are: Leparulo looked to start a company that deals explicitly with blockchain and crypto related events. During that time, the overall sentiment was low for the space.
Companies like ConsenSys were downsizing, while others were just closing their doors. This is a real-world example of secondary-layer business development. Companies like Untraceable provide services to companies that work directly with blockchains and cryptocurrencies. The ecosystem is growing.

Questioning the Hype

With all the corporate faces walking around Consensus, one could think there was no question of the establishment coming into the space. But there were still many who remained suspicious of the institutional-level money now coming in. They were asking the more critical questions about smart contracts and what they really mean in the context of the law.
The Bitcoin Center’s Satoshi Square had its own event hosted by Crypto Finally with special guest, former Congressman Ron Paul. The audience was ecstatic. Paul was one of the first politicians to be a supporter of Bitcoin and what it could do for everyday people and society as a whole. Having been in the political arena for so long, he made sure to bring up his concerns about allowing traditional financial institutions to come in.  

Wrapping it Up

New York Blockchain Week 2019 wasn’t about schilling your idea of a product or token. In fact, depending on what event you attended, it was clearly stated no schilling allowed. It marked a lot of maturity in the space. There were plenty of positive announcements made at the various functions, as well.
More importantly, the writing is on the wall. The government, traditional tech, and financial institutions are all making their moves to get in.
Is mass adoption guaranteed by 2020? Probably not. But this past week in New York marks a noticeable change in the mainstream, corporate, and private sectors’ perception of blockchain and cryptocurrencies. And that, in itself, is huge.

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What Is Driving the Price of DGTX? 31

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? 32
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? 33

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? 34
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.

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