Liquidity and volume are increasing...
| | So last week, we increased our traders from 20 to 70, and yesterday, we onboarded another 50 to bring the total to 120 traders live on the mainnet! Our newcomers are already having a ball on the ladder, bringing a fresh injection of liquidity and yet more community spirit to the #DFE. |
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We started the week with a blog post recapping the whirlwind of a weekend. The Bitcoin bears had been on a rampage, forcing a drop in price of nearly 10% over a little more than an hour. Some of our traders raked it in from the shorts, but the sharp swing caused a previously hidden bug to emerge on the mainnet. Thankfully, with only a small group participating, we were able to provide a refund to those affected by it, and the issue didn't cause any detriment to the overwhelmingly positive sentiments from our trading community. Our blog post explains all the details. |
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Our new TA expert Ali Martinez has been taking note of the fact that all this volatility in the price of BTC is causing volume and open interest in crypto futures to surge. Furthermore, BitMEX doesn't appear to have recovered its reputation after the collapse of its liquidation engine during "Black Thursday." |
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"High Interest in Crypto Derivatives is Bullish for DGTX" |
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Ali's belief is that this upward trajectory in interest bodes well for the value of the DGTX token, and his technical analysis also supports this view. Read his TA in this week's Tuesday post. |
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Next up on the blog this week was our long-term DGTX HODLer and mainnet trader Luke Green. Luke has always been one of Digitex's most outspoken supporters, and his latest post is no different! From the first moment to onboarding the mainnet, looking ahead to the future of the Digitex brand and, of course, the outlook for the DGTX token, Luke shares his latest insights into what's to come for his favorite project in crypto. |
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One of Digitex's core aims is to create more winning traders. Our Thursday blog contributor and mainnet trader Sulla Felix is helping us bring this vision to life, with the latest in his series on Digitex for Beginners. Sulla's other pseudonym is The Numbers Guy, and here he lives up to his name with a deep-dive into Digitex's signature ladder interface. If you're wondering how to explain all those numbers to your crypto newbie friends, then check out Sulla's guide. |
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To finish off the week, Cryptrader shares the benefit of his experience with those who are a little more used to the Digitex interface. Those of you on the testnet will know that we have thousands of traders, and market makers contributing liquidity more generously than would be realistic if there was actual money at stake. In Cryptrader's latest video, he walks through the variations in liquidity on the mainnet compared to the testnet, and provides some insights into how to manage positions accordingly. So that rounds off another week, and another group onboarded to the mainnet! We'll bring you all the latest news and reviews from the weekend's trading next week, now that we once again have some fresh blood on the DFE. |
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Wishing all our supporters a great weekend, and thanks as always for sticking with us on the journey to public mainnet launch! |
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