I am writing this today with purpose on helping showcase newer investors some of the basic analysis of crypto market patterns and how profit taking and market forces affect the prices of coins.
I will start my example off by showing a chart that I expect many have not seen of PundiX.
This chart shows a converted NPXS to PundiX value in KRW.
Upbit was the largest volume supplier to NPXS in the beginning of the year and we saw the largest gains coming from the korean market before the final blow off top just before the token redenomination swap.
It is easy to see that the largest “whales” in the NPXS ecosystem, the Koreans, are still seeing a healthy gain even with the painful last few weeks. Many have decided to take profits along the way down with I assume the goal of reacquiring more for the next leg up to a new All time high.
For the next step of my discussion I would like to introduce another Similar market performance chart in Bit Torrent Token.
What do we see here? A huge blow off top and a marked curving shape with the recent slash downward due to BTC dipping being the local bottom.
Now my question for the new investors is.
What are some potential market formation patterns that can happen with this type of movement?
I would encourage those that are willing to go research a few different concepts
An Ascending Scallop Formation
A “Blow off Top”
A Reaccumulating phase
A Cup and handle pattern
I look forward to future discussions to help newer crypto investors understand the phases of our highly volatile market so that they might learn how to best take advantage of the future.
As a trader; Ill add my thoughts as an overall Market ;
We have been in Tax season for essentially; The last bull run was crazy; The proffits made by some of the whales was astronomical!!! This is the largest contribution to the market downturn; Pure taxation planning;
If we follow the patterns from 2017, we will see that we have retraced already what took multiple years previously; To me this is showing a HEALTHY market; DCA DCA!! It will all come good;
To me the best way to describe the current economic climate is to compare to the VHS Beta war; This is Crypto V Fiat;
All of us know that in Crypto we are VHS we just need to get rid of the last remaining BETA supporters!! The war isnt won just yet; But the battles are getitng shorter and we are getting stronger; We know this is the way!!! PUNDI Is here to stay….
*This is not financial advice, just my irrelevant opinion, Please as always DYOR
Any info regarding why liquidities are that low (never been so low since the launch ~130k$) over MarginX DEX ? (note : this started long before the hack)
Liquidity on MarginX is supplied entirely by token holders, so the DEX cannot control the volume
Market conditions and price action may have reduced on-chain activity
LPs could be rotating to pools with higher APR or short-term incentives
Focus on the Data Pump launch on BNB Chain and talk of a move to Ethereum may have shifted attention and funds
Security concerns after the exploit, even if the decline started earlier, may keep some providers cautious
MarginX is reviewing several business options in line with decisions being made for the Pundi ecosystem. As the discussion is still ongoing, we have no further comment for now.
Correct the failure of FX holders to swap, are cause and affect of the market value disparity of both markets, failure of FX holders to move into the new Project are in affect the cause of our whole situation. the old coin was always going to zero because after a time it becomes un-supported 99% swapped out, People only stayed in FX to exploit the market in difference because they knew there would be one. PUNDIAI will continue as it has open markets and it’s " The fully supported project ", it will recover especially if the FX is not recovered as the PUNDIAI supply would be reduced I believe that result can only benefit PUNDIAI holders. Note the hacker have no market power or liquidity on the PUNDIAI Market; in any case FX is always going to zero & was since the swap was initiated. and it’s not a proposed swap; it’s an active well known project action-ed upgrade that should of be done in quick time, the failure was in the projects kind nature to give holders extra time to get the job done; has only lead to US the true project supporters being compromised. because if your not in PUNDIAI before now your not a project supporter. your purely a trader & liability to PUNDIAI.
The transfer function on FX was paused to prevent hackers to do transactions with the token, which unfortunately affect all FX transactions (except swap to PUNDIAI).
PUNDIAI supporter should also hold something in mind, Converted to PUNDIAI in my calculations of coinbase holdings on ether scan, there would be only 0.2% of the supply in concern relation to the coinbase debarkle token, It’s nothing of significance to affect the PUNDIAI project future’s. unlucky for those in FX I do feel for you, but you won’t be the end of PUNDIAI.
currently Coinbase is still actively discussing for support - last words I had with the project today
Price stability and slippage are determined by liquidity depth. If liquidity is thin, swaps can be manipulated, producing artificial volatility and enabling pump-and-dump schemes.
swap quantity is a fixed rate 100 to 1 “quantity” Value or Liquidity has nothing to do with it, you have 100 you get 1, if you wanted to have no value change you should have swapped when the swap started. It’s as simple as that, snooze you loose.
the only reason the swap was not over a 3 month period was designed for the slow few to get the job done if their slow to see the projects upgrades & new direction; the long allowance to swap was not left there for people to take advantage of the market, which was an advantage for months, FX was always swapping out that game was always coming to end, the hacker ended it.
I don’t know why you keep saying that — tokenomics are more than just a swap ratio. Without liquidity, the swap won’t even execute in the pools. Tokenomics aren’t about parroting some magic number. You can repeat it like it’s the Ten Commandments, but without liquidity it’s worthless. On AMMs like Uniswap, swaps don’t care about your formula — they care about liquidity depth and market dynamics. No liquidity, no swap. Your ratio is just a fairy tale you keep telling yourself.
