KoinDx was initially going to launch in Q2
But due to legal holdups it is still delayed. Yet essentially the Dex is ready to launch. It's contract has now been open sourced and the testnet has been completed! It is anyone's guess when the first DEX of Koinos will launch, but I have a good hunch it will be in August. The team has been teasing the community way too much to not release it in the next weeks.
The Dex will definitely open up the Koin/VHP pair on launch and it will be very interesting to see how that pool will be utilized. Currently, one can get Koin from VHP for free by using www.burnkoin.com, but this will probably be not the case once the dex launches. Users will then have to trade their VHP or Koin for the other pair on the market. It can be assumed that Koin will be slightly more expensive than VHP. This will be even more so should Koin pump on the markets. I suspect the ratio could go up to 1.2, meaning that there would be around a 20% premium for trading VHP>Koin. The dex itself will verry likely push prices much higher. How high? Well there is a clear target actually.
TA
Koin has been trading at around 50 cents for several weeks now. It's incredible how stable the price has been actually. To me this shows that the majority of holders is expecting price to go up in the near future, especially since we can expect a price increase with the dex.
The target for the price in the coming weeks and perhaps months is clear. It is around $1.1-$1.4 since this is where several trend lines from previous price peaks are. Price will then most likely head back to around 60-70 cents over the months after. I am still expecting a larger price movement in fall/winter, but more on this in the coming posts.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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