Private Instant Verified Transaction(X) Price Analysis

Private Instant Verified Transaction(X) (PIVX) currently has a market cap of US$202 million. The asset spiked in February of this year, yielding a 72x return.PIVX is a fork created from Bitcoin and DASH, originally released as Darknet in February 2016 and later rebranded. The main goals and benefits of PIVX are similar to DASH, instant private transactions with a decentralized, community-driven governance model. This is achieved through a Proof of Stake (PoS) consensus algorithm which also uses Masternodes requiring 10,000 PIVX (US$37,000). There are currently 2,045 PIVX Masternodes which lock up 20,450,000 of the total supply, or about 27%.