Digitex Futures Price Gains Over 4% and Bucks the Bearish Trend

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It will be a very interesting day for all cryptocurrency markets, albeit not necessarily for a positive reason. As the uneasy market momentum remains in place, it remains to be seen who will buck the trend in a decisive manner. So far, it would appear the Digitex Futures price is putting up a strong fight. Its nearly non-existent trading volume remains a sore point, however,

Digitex Futures Price Rises Despite Nearly no Trades

With thousands of cryptocurrency, token, and asset projects to keep an eye on, finding a spot in the market cap top 100 becomes an increasingly difficult challenge. For Digitex Futures, it seems the current momentum might allow it to gain a few ranks in quick succession. It is one of the few markets to note medium-sized gains right now, which will get a few traders excited in the process.

Over the past 24 hours, the Digitex Futures price has risen by 4.25% to $0.085976. There are also gains over Bitcoin – 3.61% – and Ethereum – 2.93% – respectively, which paints an intriguing picture.  One mystery remains, however, as DGTX notes just $630,000 in trading volume. Why this figure remains so low for a $63.4m market cap project, is anyone’s guess at this time.

The recently released report by the DGTX team has a lot of holders and speculators excited. This project noted very strong gains during the month of March, despite there being some periods of bearish pressure. As such, it seems there is plenty to look forward to, albeit a potential price correction should not be overlooked either.

This report itself also has plenty of people excited for the month of April. Crypto Don Juan expects big things to happen in late April and early May. While it remains to be seen if anything worth noting will occur at that time, it is crucial to keep advancing this ecosystem. So far, it seems there are some intriguing developments on the horizon, although their impact on the DGTX price may be minimal at best.

Crypto News, on the other hand, would like to see more people invest in Digitex Futures. While it may be an undervalued project in this person’s opinion, it appears the rest of the community doesn’t necessarily agree. Once the Digitex Futures Exchange launches in late April, that situation may very well change.

As is always the case when a particular market rises in value when Bitcoin is bearish, this uptrend may be temporary. A lot of traders are desperate for profit right now yet chasing pumps is never a smart choice. For Digitex Futures, the continuous lack of trading volume paints a bleak picture. Changing that situation may not be all that easy either, as HitBTC and Mercatox simply aren’t that popular compared to other exchanges.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

The post Digitex Futures Price Gains Over 4% and Bucks the Bearish Trend appeared first on The Merkle Hash.


by JP Buntinx via The Merkle Hash

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