The DxChain - DX token: price analysis
DxChain ICO was the most intriguing over the past month. And it's not so much about the technology (although they are available) and the revolutionary nature of the project. There is a lot of drama arises around the eternal question of the investor: to invest or not to invest?
Few days before public sale the question was answered strict - DxChain is a must investment.
But two days before the start of the ICO (later it was postponed for two days and the QKC investment round was canceled), the community learned that the private sale received a 50% discount. Additionally, 25% of presale tokens were not locked.
On a direct question in the official telegram when the tokens begin to move, the administration of the channel replied that the tokens are unlocked immediately. As shown the first day it literally meant that you bought in the ICO and immediately able to sell tokens on an exchange.
This is usually a very bad sign. But on Bilaxy, the DX token continues to trade just above the ICO, despite the fact that the public sale are going very bad (only 25% sold). The second round is already active, and the money does not come, even though it is possible to quickly get ~5% ROI.
We want to share our opinion about what is happening with DxChain tokens. It's quite obvious that most flippers missed the project, it is a good sign. However, the threat of 25% of private sale tokens (almost twice the size of all crowdsale tokens) sold is twice cheaper, which according to official reports are also unlocked, still remains relevant.
Checkmate atheists if DxChain roll out a good exchange immediately after the ICO. But still we believe that they will not do it immediately. As the market is still in a downtrend and listing on a major stock exchange after the first pulse of growth can give the liquidity to the private sale of tokens and an even greater price reduction than it would be on small volume.
We believe that we should wait and not risk it. Especially not to participate in the ICO, even despite the potential small profit, which is now observed. At any time, the price can be dropped by one of the participants of the private round. In fact, the price for private sale can be even smaller that 50% of public sale price.
According to our data, the price on the private round was about 0.000001028571664 DX/ETH and it is three times lower than ICO price!
For a short-term we would put orders in the area 0,0000015. Since when entering a good exchange (and we are almost sure that it will be), the token can show a double growth and will return to the price of the ICO again.
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