SingularDTV (SNGLS) is probably one of the most undervalued cryptos in the market. Its launch in 2016 was low key even though it sold out within a few minutes. SingularDTV aims to disrupt the entertainment industry by giving power back to content creators. This is powerful, but the most interesting news about this crypto right now is the launch of the Centrality token (CENNZ) on the Singularity decentralized exchange, SingularX. This is a big deal and is guaranteed to push SingularDTV (SNGLS) coin to the stratosphere in the next few weeks. In fact, this could be the catalyst that SingularDTV needed all along. Here’s why.
Firstly, the centrality ICO was oversubscribed by over $100 million, having received over $265 million, against a target of just $100 million. This is a sign that there is a strong investor demand for Centrality coin (CENNZ). In essence, even after the ICO, this interest is likely to continue as investors look to cash in on this popular coin. As such, by listing it on SingularX, the value of the SingularDTV platform has also automatically increased in the eyes of investors.
This will push up its demand, and the result will be a growth in its price. You can compare it to a company listed on the stock markets clinching a deal with an important client. That’s usually good news to the share price, right? Well, that’s what just happened to the SingularDTV (SNGLS) coin. Expect this coin to appreciate by 20-30% in coming few days.
Secondly, the listing of a coin as popular as Centrality (CENNZ) on SingularX is likely to attract other ICO projects to the platform. That’s because it will give project owners confidence in this platform, especially those with entertainment-related projects. This will serve to increase liquidity on the SingularX platform, and with that, will be an increase in the value of the SingularDTV (SNGLS) coin.
Then there is the fact that Centrality (CENNZ) has a use case that is in line with that of SingularDTV. Essentially, SingularDTV is about giving content creators the power to tokenize their content and make money off it, without the interference of middlemen. This is easily complemented by Centrality (CENNZ), which is designed to allow merchants reward clients who bring-in referrals. On this basis, the two platforms reinforce each other’s value, which is a plus to their price growth.
Even from a technical analysis perspective, it is clear that the listing of Centrality coin (CENNZ) on SingularX is great news for the SingularDTV coin. After the announcement was made, the value of SingularDTV jumped from $0.10 to $0.13. That’s a massive price gain within a few hours and is a pointer to the importance of this news. The charts are also pointing to a crypto that is gaining momentum. Even today’s dip is indicative of profit taking, but the bullish momentum is still there.
SingularDTV (SNGLS) is clearly a coin on the move, thanks to this news. Expect valuations of $0.30 and above in coming weeks if not days.