Red Pulse (RPX)

After a bumpy start to trading caused by unbelievable amounts of Red Pulse (RPX) hitting the exchange and being traded every second (current tally of 24 hour volume is 50 million for the BTC/RPX pair alone!), Kucoin exchange is now stable and the market has settled down enough to reasonably begin to trade.

RPX is currently selling at $0.06 per unit, but volume is continuing to grow and one could only imagine that the volume and trade price will continue to increase as more users discover where and how to trade the token. I don't think anyone will become an overnight millionaire through RPX trading, but I also cannot imagine the price will decline much from it's current position.

However, before jumping in to buy thousands of RPX tokens, I highly advise you to read the analysis and watch a great video of analysis from crushcrypto.com HERE

RPX launching on the exchange caused a few important things to happen in relation to KuCoins (KCS)!

KuCoin (KCS)

Pre-launch - the price of KCS skyrocketed and was looking like it would push through the "big even" $1 price barrier. This was unfortunately interrupted by technical issues on the exchange caused by the influx of new users and high trading volume, but also as holders of KCS discovered that RPX trading would be at 0% fees and thus make no contribution to the dividends received by KCS holders which triggered some panic selling of KCS. Users that were confident in KCS were of course picking these discounted coins up. Whether that was a good bet or not remains to be seen over the coming week.

After the exchange had stabilised and all markets had settled down (relatively speaking of course!), KCS began to climb in price again with volume behind it to back up the signal that the market was again growing in confidence.

As it currently stands, KCS is sitting at around $0.95 per unit, and due to issues mentioned earlier, I believe a few days of calm are required to allow the market to regain confidence.

As a user that was online throughout the day, is an early investor in KCS (KCS now being my 3rd largest holding), I am confident that the value of KCS will begin to increase again. I still feel that KCS can easily reach $2 per coin but I think it will be a few weeks before this happens.

Everex (EVX)

Everex (EVX) will launch on Kucoin tomorrow and also receive a 0% fees bonus. I gave a brief overview of the EVX ICO many months ago READ HERE. I didn't buy into the ICO at the time as luckily I trusted my own analysis of BTC so held on to that and rode the massive profits it brought, but will definitely be on the look out for the right price to take up a position if possible.

EDIT: EVX markets will commence trading on the 30th!

Click HERE to register and trade on Kucoin.com

As always, thanks for reading and may the MACD be with you!