Review on PIVX by Mehdi hazni
PIVX
The PIVX currency is actually a fork of the old and famous Dash currency, which of course has a different algorithm. dash uses PoW but PIVX uses PoS.
The dash currency itself has many improvements compared to Bitcoin, and this currency, PIVX, is even better than Dash! This means that its advantages over Bitcoin are enormous. For example, the time it takes to build a block on the Dash network is about 150 seconds, which PIVX upgrades to build blocks in just one minute, or 60 seconds.
Price and chart analysis: In the daily chart and btc pair, the downward trend line is broken. Of course, this trend line was broken once before, but it grew again and was able to stabilize a little above the trend line (I have shown the trend line in the photo below).
Due to the fact that the trend line is broken for the second time, the price is likely to fall and it is not suitable for buying at the moment.
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Pros
- It is very strong and fast in terms of its network
- It is one of the top 200 currencies in terms of Coinmarketcap rankings
Cons
- Due to the break of the trend line in the daily chart and btc pair, it is not suitable for buying at the moment
