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PIVXUSD

PIVX Coin Analysis 17/03/2021Earlier Weekly Time Frame Analysis: Fundamentals: PIVX was announced on November 25, 2015. PIVX is short for Private Instant Verified Transaction Cryptocurrency and is a privacy-centric proof-of-stake cryptocurrency that was forked from DASH. It focuses on community governance and decentralization. PIVX is building a digital means of exchange with the main focus on minimizing the transaction times and fees while maintaining privacy and security. PIVX was launched on January 31, 2016, by James Burden. PIVX did not have an initial coin offering and instead, 60,000 PIVX were pre-mined to allow for 6 masternodes to operate on the initial network. After the initial setup, these coins were burned as soon as the PIVX community grew to the point where it became self-sustainable. PIVX is a decentralized autonomous organization (DAO) that is self-funded and community-driven. It is a third-generation privacy coin and uses a modified version of Dash’s masternode architecture. It also uses Zcoin’s Zerocoin privacy protocol. Its transaction capacity can reach up to 1000 transactions per second through the usage of the SwiftxX payment protocol. PIVX also uses a proof-of-stake consensus mechanism that involves two parties: the masternodes and the validators. Masternodes are responsible for voting on development proposals that are put forward by the PIVX community and validating the transactions on the blockchain with a single confirmation. 10,000 PIVX is the minimum requirement to run a masternode. Each masternode gets 1 vote and is not involved in the mining of new tokens. Validators are responsible for mining PIVX. They have a chance of generating a block proportional to the number of PIVX they have staked. 500 PIVX can generate a single block, which is completed within a 60 second time period. When a block is generated, it brings a reward of 6 PIVX coins, two of which go to the validator and three to the masternode, while one is allocated to the PIVX treasury. If a user wants to store PIVX, they can do so in three ways: on the Ledger hardware wallet, the PIVX desktop and mobile wallets, or the Coinomi desktop and mobile wallets. James Burden is the founder of PIVX. Aside from this project, he is also the founder of VEIL. Burden used to be a senior technician at IBEW 357. He graduated from the College of Southern Nevada. Burden has over 20 years of experience working as a hardware technician and has been an active cryptocurrency developer since as early as 2012. He stepped away from PIVX in April 2019. Technical Analysis: the price has done its Accumulation phase and showed the signs of Move UP, by Candle Stick Analysis we can see there are big Bullish Candles post the Accumulation Phase, which is the sign of Bullish trend Continuation. there are total of 3 Targets Specified by Fibonacci Projection we get the 3 TP confirmation as the price Triggers the 2TP followed by some Price Correction.
BINANCE:PIVXUSDLong
by BitonGroup
8
PIVX/BTC - Binance Coins That Have Not Pumped, Full Analysis!PIVX/BTC 2016 coin that has not had a large pump as most alt coins on Binance have done. These too me present low risk / high reward as it is not inflated 10,100,1000x and still pretty close to the bottom. Actually its pretty close to its exchange listing price from 2016 www.tradingview.com PIVX/BTC Weekly Few things I want to point out on the weekly. 1) Notice volume dwindling from 2021 and just recently we have seen some HUGE buying volume close to the bottom indicating a ton of money has been buying this area. 2) 4 & 9 Weekly EMA golden cross which I like to see on the weekly, usually an awesome buy signal. 3) Notice the green trend line used as support/resistance and now we are sitting right on it. 4) Last thing to note is the HUGE green wick on the second most recent candle. Either PIVX was pumped and dumped which we see with those wicks, or that buying volume we saw was used to clear the sell pressure above and will start slowly climbing up! 5) Market structure has been broken and looks like we should be putting in higher highs and lower highs here. The next major weekly resistance on the weekly is approx 130% which would more than double your BTC PIVX/BTC (Daily) The small down trend to me has been broken and looks like we may be testing the support again which is highlighted in green. PIVX/BTC (4H) My entry would be 2150 - 2350 sats off the support which has been holding nicely and 200EMA
Long
by Wael613
8
PIVX/USD breakout imminentAfter the recent run up to and over 2$, PIVX calmed down but held well over 1$ in an overall red market. The PIVXUSD price formed two (or more) possible triangles, I expect a breakout upwards in the next one or two days. More positive media attention from well known influencers and websites helped that many have their eyes on this gem. Aee also my ideas on PIVX/BTC where a breakout from the downward channel from 2019 would mean *great* upward potential.
BINANCE:PIVXUSDLong
by DefiantOpportunist
pivx, it's like a lower market cap dashIn my opinion, the masternode and privacy based coins are taking longer to start breaking out because the new money has to learn about the advantages to these type of coins. Just a theory, but I think in a few months when bitcoin hype is pumpin and lots of new people in the space, youtubers making "300% gains on this from this shit coin" video are going to love coins like this. First off if you don't know what master nodes are, you own a certain amount of coins and you can stake them on a computer or rasberry pi you plug in the wall, or you can pay a service to host your coins for you. Good master nodes give you 5% - 10% a year to stake your coins and make them available for the network to do whatever. Only issue is they spike 1000%+ in a few months and then dump all the way back down. Anyways, pivx seems legit for what it is and itsa cheaaap! Try not to worry about 10 - 50% wiggles during this trade, use a small amount of money relative to your lifestyle. You should not care about this trade until it's worth caring about... Plant the seed!
Long
by grrface
2
The Big Boy Wedgie! (PIVX)Testing the breakout. Currently has found a support on very old Resistance spike. Looking for it to move out the wedge for a breakout play. See how strong it holds. PIVX is an advanced cryptocurrency focused on privacy and security for digital cash. As a community-led project that forked from the Dash blockchain, it uses the Zerocoin protocol to anonymize transactions through its onchain Zerocoin Decentralized Exchanged (zDEX) for untraceable transactions.
by UnknownUnicorn2319099
2