[VX] ViteX Speculation Next 10x?

[Articlepro]

Edit: I doesn't belive in the project anymore, too many broke promises

[republicrypto]

maybe you explain all about vitex in good words, but the question is when the price of vx will grow about 10x buddy ?
because bitcoin price soar and a lot of altcoins down now,
regards

[DRFGTO]

You're an idiot. Look at your screenshot, and extrapolate your dividends to workout your returns.

Dividends are decreasing rapidly! So too is the value of you're VX.

Sorry to break it to you but VX isn't going 10x.
Too bad you fell for the 'listing on TWO new exchanges' and 'we'll be dencentralised as soon as we create gateway 2.0'.

[Articlepro]

maybe you explain all about vitex in good words, but the question is when the price of vx will grow about 10x buddy ?
because bitcoin price soar and a lot of altcoins down now,
regards

This is a coin for long term my buddy, but check the current supply, it only have 13M coins in circulation (the total will be 29M) and of that 90% is staked. The current marketcap is of around 2M, it's very low.

The current APY if of 75% as the exchange have a daily volume of only 600k with around 40 pairs listed, if the volume increases 10x the apy will follow and with that more people will buy to get those returns. 6M daily volume is a normal thing for a lot of exchanges, for ViteX to get those results they just need to list more tokens.

The Roadmap for 2021:

2021 Roadmap
In summary, the key goals for the Vite team in 2021 include the following:
Vite Bridge — An Open Cross-border Asset Transfer Protocol.
Vite DAO — Community governance of Vite’s public chain and the ViteX exchange.
Open Product Stack — Open all Vite and ViteX services and products to the community and encourage third-party products and services participation.
Vite Protocol Updates — Public chain protocol optimization and upgrades.
Vite App Updates — Major revisions and upgrades to the Vite mobile wallet.
Vite Techies Club and Vite Developer Committee — Hackathon and Grant opportunities.

You can read more here: https://medium.com/vitelabs/a-technical-letter-to-the-community-from-vite-labs-ceo-charles-liu-9a6e559098f1

[ergk86]

VX staking is the best dividend program ever.

[Articlepro]

The best thing is the update coming
Vite 2.0):
Connecting all blockchains in a seamless, trustless and costless manner

- Seamless
Allow every blockchain to connect with Vite and scale with Vite.

- Trustless
Transfer assets safely with decentralized non-custodial cross-chain bridges.

- Costless
Enable free transactions for DEX, payments, DeFi.

[aemma]

It is always easy to state personal speculations or predictions about a coin we hold or finds attractive, with the bid to place it in a good position for more users to buy, but yet, the final power lies within the team and what they are willing to do. To understand this more, many people have made many speculations about their desired crypto, but how many of them were even achieved and what is the role of the team towards making the project attain a new height.
Personally, I think everyone should be careful this season, because it seems a lot of attention are on Bitcoin and some other top coins, which means that, people will most probably go towards where it will favour them. I am not saying your speculation is not good, but In my own case, i will tend to be careful this period.

[koang]

I am just a small holder of VX but I try to accumulate as much VX as I can.
Stake VX and get daily dividend, Which exchanges pay like that
Here is the best opportunity.
When you join a good project and they still unknown, Old users getting rich

[Articlepro]

The best thing is that their team: https://vite.org/figure#team is working hardly to implement vite gateway 2.0, people will be able to trade like in uniswapp (pool model) with minimum fees compared to uniswap, it will increase the volume a lot and in consequence the daily dividends, when vite 2.0 launch they will list a lot of new coins and I hope they list those new promising DeFi coins as well.

It's a simple math, if with 700k daily volume we get a 70% APY, with just 7M daily volume we will get 700% APY but the way the ecosystem find the equilibrium the price of VX will raise to compensate those increase in APY, a increase of 10x in price will retun the apy to 70%. So, to get easily 10x of price increase the ViteX just need a increase of 10x of trading volume in their exchange.

[cryptonx]

The best thing is that their team: https://vite.org/figure#team is working hardly to implement vite gateway 2.0, people will be able to trade like in uniswapp (pool model) with minimum fees compared to uniswap, it will increase the volume a lot and in consequence the daily dividends, when vite 2.0 launch they will list a lot of new coins and I hope they list those new promising DeFi coins as well.

It's a simple math, if with 700k daily volume we get a 70% APY, with just 7M daily volume we will get 700% APY but the way the ecosystem find the equilibrium the price of VX will raise to compensate those increase in APY, a increase of 10x in price will retun the apy to 70%. So, to get easily 10x of price increase the ViteX just need a increase of 10x of trading volume in their exchange.

so, this project is some kind like uniswap with minimum fees, thats great idea
because of that, i think this VX will grow about x10 soon or later
and i hope this vitex will be the best competitors for uniswap

[Articlepro]

Who followed my advice already made more than 100%, there are a long way to grow yet, it's for long term

https://www.coingecko.com/en/coins/vitex-coin

[bitgov]

Who followed my advice already made more than 100%, there are a long way to grow yet, it's for long term

https://www.coingecko.com/en/coins/vitex-coin

I don't want to be rude, but I don't know if you've noticed, but the prices of most coins in the cryptocurrency market have risen by even more than 100% over the same period, so I'm afraid your prediction cannot be called a success. 

[bitkanu]

Who followed my advice already made more than 100%, there are a long way to grow yet, it's for long term

https://www.coingecko.com/en/coins/vitex-coin

I don't want to be rude, but I don't know if you've noticed, but the prices of most coins in the cryptocurrency market have risen by even more than 100% over the same period, so I'm afraid your prediction cannot be called a success. 

That means the increase that happened with vitx just a common thing consider about the majority of old altcoins have been facing the same trend with it. The pump has been coming due to the trend and it's not about the development progress that attracted people to buy in. IMO vitex is good enough too.

[bitgov]

Who followed my advice already made more than 100%, there are a long way to grow yet, it's for long term

https://www.coingecko.com/en/coins/vitex-coin

I don't want to be rude, but I don't know if you've noticed, but the prices of most coins in the cryptocurrency market have risen by even more than 100% over the same period, so I'm afraid your prediction cannot be called a success. 

That means the increase that happened with vitx just a common thing consider about the majority of old altcoins have been facing the same trend with it. The pump has been coming due to the trend and it's not about the development progress that attracted people to buy in. IMO vitex is good enough too.

I didn't say ViteX was a bad coin. It's just that during the bull market in the entire crypto world, we can esily see that the prices of many coins have increased by 100% in the last 3 weeks. This is not an extraordinary result in such a period. I hope that he will be able to boast a similar result also in worse times for the crypto market.

[jacafbiz]

I disagree with the idea that Vitex is decentralized, I don't think the exchange is, the word Decentralized is being thrown around a lot now because everyone wants to ride the DEFI hype. Vitex can pump once in a while but I don't see it has a sustainable investment. Look at other DEXes in the space and the level at which they are operating, their trade volume plus community engagement all these can't be said about Vitex

[Articlepro]

You're an idiot. Look at your screenshot, and extrapolate your dividends to workout your returns.

Dividends are decreasing rapidly! So too is the value of you're VX.

Sorry to break it to you but VX isn't going 10x.
Too bad you fell for the 'listing on TWO new exchanges' and 'we'll be dencentralised as soon as we create gateway 2.0'.

You are right, team is too slow developing things, they broken a lot of promises and in fact they doesn't list vx in those two new exchanges as they said.