We are pretty sure Digix DAO tokens (DGD) will land on Poloniex a few days from now: 2016-05-09
From the Digix community slack:
Digix DAO tokens (DGD) were released on April 28th. On may the 6th they went from the ICO price of about 3,5$ to 17$ per token and then settled around 12$, making DGD the 6th most capitalized cryptoasset out there.
It can reasonably reach a top around 22$ (0,05 BTC/DGX) meaning upward potential of 80-85% from current levels.
Buying pressure already begun at Gatecoin ad Yunbi.
Anyhow, the size of the upward movement depends heavily on how the whales will play their hands.
Never forget Digix crowdsale was capped at 5,5 million dollars and maxed out in about 12 hours.
Whales hold big chunks of the total 2millions DGD tokens.
Here you can find the list of all the DGD holders from the crowdsale. Just look at the first entries and you’ll understand what I’m talking about.
If the whales will dump coins into the buying frenzy caused by Poloniex listing, the most likely scenario is panic selling.
This will have the posititive side effect to evenly distribute the tokens and fuel a price rise in the following days.
If whales keep a more reasonable approach, price will rise slowly and consolidate at higher levels.
We think the latter is the most likely scenario and expect to see the price to climb up to 17$ (0,04 BTC/DGD).
Trade with care.
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