PIVX is about to Break Out!
The darkhorse Alt-Coin Currency is ready to make a big move soon!
It has tested the 0.98 USD - 1.02 USD baseline for more than a month now and is consolidating @ $1.20 today.
If it breaks down the $1.0 price range, PIVX might go down further in price, to test the previous baseline of $0.22.
Or better yet, it might move higher and make a move towards the $1.6-$1.8 price range.
This is more likely as PIVX just announced a few days ago to redistribute the voting power to the PIVX community, winning by a landslide vote.
In order to distribute voting power and extended participation in the decision making process of Private Instant Verified Transaction (PIVX) a Community Designed Governance proposal was submitted to Masternode owners (MNOs) to give up their exclusive voting rights, extending it to all PIVX owners which included simple agreement:
“PIVX will work towards a ‘Community Designed Governance’ system that changes the distribution of votes, to include the entire PIVX community.” expected to be added to the governance page of the digital currency.
This proposal has received approval from Masternode owners, passing with an unprecedented 1288/0 in a “Yes/No” vote which represents 62% of Masternode Owners. After this massive approval more proposals will have to be submitted detailing every feature and specification of the Community Designed Governance model.
At this point, it might be a good idea to snag some cheap PIVX at this price.
What do you think?
Is PIVX highly undervalued as I think it is?
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Good article - considering Pivx is a fork of Dash I think it's massively undervalued when compared to Dash.
I agree. And in some aspects, it is actually an improved version of DASH with a lot less buzz (for now).
Any idea why it still continues to plummet? Is there anything fundamental that would drive this?
My personal opinion is the incredible buzz about other alt-coins jumping 100% every single day that is causing it.
Checking this chart with the volume:
https://www.coinigy.com/s/i/59233837/
You can see that PIVX has a tremendous tremendous trading volume for something that has been "quiet" in terms of buzz. This makes me to believe that speculators are just dumping their PIVX for other alt coins trying to catch the tail end of their rallies, while whales and other smart investors are getting PIVX on a discounted price.
Well, this whole market is fueled by buzz really. It's the best way to predict a price increase other than technical analysis. Is there any news on the horizon? Why would PIVX be more viable that others at this point?
I'm thinking the same. The governance model / treasury makes all the difference. Any coin with a good governance model is only a few awesome proposals away from being a big contender.
PIVX is way too underpriced