RPX price is overvalued, and it would dissappoint us like the previous KNC or KIN token in the coming days.
Why?
Red Pulse is not unique in its area. Like HubiiNetwork, which is a Blockchain-based decentralised content marketplace, its current price is still one third or half of the ICO cost since its token distribution one month ago, lower than $4million right now. Hubii has strong background, has been built for years, and has cooporated with several famous companies, such as Huawei Inc. from China. What is more, Hubii already serves content to 50 million customers, generating millions of transactions across the world every day. The other example is Kin token of Kik, a decentralized ecosystem of digital services for daily life. KIN is like a big star in its ICO period, however, has a not good performance after, just have 40million dollars marketcap right now. Compared to them, Red Pulse is not unique and has no more advantages.
At the moment, RPX token has not been integrated RPX tokens as monetization mechanism in the APP of Red Pulse company. That is to say, RPX still has no practical application, and no consumer will hold it in the App. May be this work would be done in the coming several months, but too long time for the rapidlly changing crypto world. Will you wait for so long for an unkonwn result? Most people bought in to sell, not to hodl/use the actual product, but the problem is: everyone want to earn money from a useless token right now, then whose money will you earn at last?
In these days, to almost all newly-ICO projects, their token’s price is not well. Many are lower than their ICO price. In this environment, why would RPX is a 5X, 10X token? It does not make sense. The current marketcap of RPX is already $15million, more than many very good and promising projects. Then what it would be if the price touch 5X or 10x for a useless token right in the coming month? It is ridiculous.
To avoid the attention of China government, the three stakeholders namely NEO, RPX and Kucoin, will try to avoid price jumping drastically around China regualtion in 5th Sep. So they will not allow the apprearance of 3X or 5X or more price of RPX token in short time. You should thank God if RPX price not drop drastically if you buy at 3X or 5X price in the coming several days.
Some people said that RPX will touch 5X or 10X even $1 per RPX. It is ridiculious. They are the people who have participated the ICO of Red Pulse, and just want to sell their RPX tokens at very high price to you. Do not believe them. If RPX price is too high, you should not be stupid to buy it. You should buy NEO/GAS, or hold your money in your pocket.
Some people blame me for the fact that I post it the day before they are listed on exchange, and timing is just too suspicious. To them I want to say, not so many people know Red Pulse before, more just begin to know Red Pulse in the last several days, just like me. I begin to study this project from Friday this week, here I just tell you the real information about RPX.