It has been a while since privacy-oriented cryptocurrencies trigger some exciting price momentum. As Dash, Monero, PIVX, and others all compete to offer the best experience, interesting things are bound to happen at some point. As for today, the PIVX price is noting some strong gains across the board. It appears the recent “hiring spree’ by the team is getting a lot of attention.
PIVX Price Momentum Intensifies
Even though it would seem most people care less about privacy coins these days, all of these projects are still worth checking out. PIVX, while a fork of Dash, has seemingly found its own niche crowd in the past year and a half. Although it doesn’t generate any major headlines, the project is still going strong and the community continues to grow on a regular basis. The current price momentum seems to confirm interesting things may be on the horizon for this project in the coming months.
Over the past 24 hours, there has been a notable PIVX price change to keep an eye on. Following a 9.1% gain in USD value, one PIVX is now priced at $0.8126. There’s also a 9.8% gain in the PIVX/BTC ratio, pushing the value to 22,728 Satoshi. All of these developments are quite significant in their own regard, although it remains to be seen if the momentum can be sustained in the long run. That has been the main struggle for quite some time now in this industry as a whole.
The big PIVX news this week is how the project is officially “hiring” people to join their team. The team wants to encourage as many people as possible to join the project in the coming weeks and months. A fair few “openings” are available as of today, although it will be interesting to see what the general response is to this call to arms. Cryptocurrency community engagement is pertinent in this industry and PIVX appears to be checking the right boxes.
We Want YOU… to Join the PIVX Team! PIVX Prose #2 This week we encourage you to consider what it means to be apart of the #PIVX Tribe. Join us in the PIVX Lounge in #Discord and then find your place at the table. https://t.co/DpzIcZY93F #community #privacy #cryptocurrency
— PIVX (@_pivx) January 23, 2019
When looking at the current price momentum from a technical perspective, everything seems to be coming up PIVX. Crypt J sees a healthy risk/reward opportunity for traders who are willing to take a small gamble. Considering how this chart was posted quite some time ago, it would appear the risk was well worth it. The main question is when people will cash out their profits.
— Crypt J (@atradesdaily) January 23, 2019
A very similar chart can be found on Cryptobo34’s Twitter feed. This trader also expected a major breakout, although it remains unclear if the expected 34,000 Satoshi target will be reached in the coming hours and days. After all, that would require another near 50% increase over the coming week. It is not impossible to achieve such an uptrend, but there will be plenty of resistance along the way.
— CryptoBoy34 (@Cryptoboy34) January 23, 2019
All things considered, it seems the current PIVX value surge may continue for a few more hours. Unless the overall trading volume picks up, however, it remains unclear if there will be enough support to sustain this current price level. The bearish pressure on cryptocurrency markets has yet to relent and Bitcoin remains on very shaky legs right now. That also affects PIVX in many different ways, yet things will get interesting regardless.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.