Bitcoin Forum

This Chinese coin for talent search and research oursourcing has a lot of potential.

What do you think ?

https://globalcoinreport.com/red-pulse-rise-of-the-phoenix-phx

PHX was once a great coin and was appreciated by many investors and had high purchasing power. But the price chart shows they are dismayed and exhausted the idea. They are unable to grow and are gradually sinking into mudflats. sooner or later, it will also be expelled from BNB.

So you are talking about this coin - https://coinmarketcap.com/currencies/red-pulse/#charts?
I am not familiar with this coin but when I had checked it just now, I see that they are listed in Binance.

Looking at the graph below, looks like a dead coin, and in case it will recover, it could possibly bring good profit.

https://imgbbb.com/images/2019/03/07/phx.png

Since you called it a Chinese coin, then I would believe it has good potential in the future because we know that the Chinese people have a lot of business men who are ready to invest billions and billions of dollars into a project just to make it work, I saw same experience in neo when they carried out their ICO and began to trade on exchange, we saw the price of neo getting to a very high price even though I was able to make purchase of the coin at a cheap rate during the ICO stage which gave me a lot of profit. I believe this coin also have same potentials since it is a Chinese coin.

After I saw the PHX in the coinmarketcap,i can say PHX is a good project. 24h volume is also quite large arround $4,1M, I think this can be a potential and good coin for investment.

I never heard of that coin, and I don't know if there is a project called PhoenixCoin. I think if the coin is worth and have value for the community and the people, the coin can increase higher like the other coin. But the problem will be can they compete with the old coin that already has a market in the exchange?

They need to struggle and beat one by one of the competitor, and it's not easy for the new coin. They would need strong support from the community even if a smart person created those coin. They need to make a proves to the public that they are a solid project that will help people to get many benefits.

Yes, due to it is a chines coin, I also believe it has a lot of potentials too though it is not enough to tie is success to its region but I feel if it is being embraced by a country with the largest population in the whole world, the sky will be its limit provided the team behind the project will be really hardworking to attract a strong community to back up the project.

Imagine that we have great investors from china coming into the crypto currency market, the market will surely experience upward price action. I will look through their. After lots of tokens and coins and heavy competitions, now we need to look for backround like the possibilities to attract investors to choose/decide about the future of a coin, not a bad thing still this must be a short-cut rather than going toward technical analysis.

I've been hearing PHX's name lately. But I do not know how robust a project. The market makes me very nervous to make a new investment plan. I could invest a little for PHX.

As I searched this coin on CMC, it shows Red Pulse Coin (PHX). I'm not very familiar with this coin and on how this coin works but it has a good volume like what others said. A volume of around $3M is too high already to be honest but if for the use case of this coin,  I can't find any of it. The current rank for this coin is around 261 and as you name it as a Chinese coin, as long as there are supporters of it in that region this coin is likely to live for more years.

I'm not sure with this, their reddit account was inactive 4 months ago while their twitter account have its latest tweet since being inactive for almost a year.


Just be the judge, but certainly not recommend it. Why not buying bitcoin?