Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Pundi X - Any store can buy, sell and accept Cryptocurrency
by
zahidmoon
on 28/09/2019, 18:23:29 UTC
The decline will continue, the market situation is not optimistic
Currently the lowest price is at 3 sats, it didn't fall down hard after bitcoin dump because it's already at dip.
It will not be attractive if the price will still fall down to 1 sat, this will look like a bad project although we know that they have continue to develop the project.
The only consolation for this project is to know that that the team are still up and trying to continue to progress, finish product are already there, it's the market sentiment that making it more harder to gain some increase from the market. Best to observe and understand your own emotions before to plan adding more assets, the market still unfriendly try not to be affected if you believe that there's still bounce back to come.

Right now even with the trading contest running on binance, there's not much of a price increment. Don't if it is because of market condition or something else.
You are right, we don't much volume is generated for Pundix coin, I hope it is because of market fluctuations the price of the pundix is not moving higher value. The price of Pundix will recover only when the market situation will be in an upward trend.
I hope that the trading competition on the Binance will provoke a price increase in relation to Bitcoin. Although this usually does not happen, recently the token is not at all happy with the price.
What kind of trade competition are you talking about? The daily trading volume is a little more than 5 BTC, it is very small for such a well-known token. Supply exceeds demand ~10 times. Moreover, the two minimum sell orders overlap all buy orders in total.
supply exceeds demand that's why the price is too much down. and i believe that some whales are garbing pundi x tokens and filling their bags at cheap price. but buy orders are not much looks like there is not much traders wants to buy pundi x. this is worrying me