A little history about the SXP token project. Binance bought startup Swipe. io to use its infrastructure to issue its own payment cards. When operating on such a card, the selected cryptocurrency is converted into fiat currency, which will pass through Visa payment channels. The Swipe platform supports a number of cryptocurrencies and allows transactions in euros, British pounds, US dollars, Korean won and Philippine pesos. It plans to cover Asia and North America in the near future.
This news caused the coin growth in July-August with a maximum $5.
However, later the value of the coin only falls in search of the bottom.
On the chart, we have drawn our assumption about the possible price movement.
For buy out of the coin in the long run, we do not see before $0.60. ____________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
can you explaine better why is that, SXP have strong fundamentals, binance support, and they start the brand card system, among most alts have utilities and usages ( plus you take fees from binance cards transactions)
yuslav
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@jucylucy, SXP shows a big weakness at the fall of bitcoin. Bitcoin did not complete the fall. This means that SXP will fall very deeply in the near future.
michaelnguyen629
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@yuslav they're Dumping SXP to the max within a Short periods and still go on and on compared to other altcoins. this losing investors trust especially SXP just very new to the market.