The darkhorse Alt-Coin Currency is ready to make a big move soon!
It has tested the 0.98 USD - 1.02 USD baseline for more than a month now and is consolidating @ $1.20 today.
If it breaks down the $1.0 price range, PIVX might go down further in price, to test the previous baseline of $0.22.
Or better yet, it might move higher and make a move towards the $1.6-$1.8 price range.
This is more likely as PIVX just announced a few days ago to redistribute the voting power to the PIVX community, winning by a landslide vote.
In order to distribute voting power and extended participation in the decision making process of Private Instant Verified Transaction (PIVX) a Community Designed Governance proposal was submitted to Masternode owners (MNOs) to give up their exclusive voting rights, extending it to all PIVX owners which included simple agreement:
“PIVX will work towards a ‘Community Designed Governance’ system that changes the distribution of votes, to include the entire PIVX community.” expected to be added to the governance page of the digital currency.
This proposal has received approval from Masternode owners, passing with an unprecedented 1288/0 in a “Yes/No” vote which represents 62% of Masternode Owners. After this massive approval more proposals will have to be submitted detailing every feature and specification of the Community Designed Governance model.
At this point, it might be a good idea to snag some cheap PIVX at this price.
What do you think?
Is PIVX highly undervalued as I think it is?
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