Strength and weakness depicts areas of advantage and disadvantage of a company or project over or with its competitors. RachelX strength and its weakness in this article covers areas where RachelX has an advantage and where it can improve in its efforts. I want to look at their business analysis. This will help us look at the key major strengths, weakness, opportunity, and threat in RachelX project.
STRENGTH
The strength of any company is on their competitive advantage over their competitors. This includes questions like: what exactly are they doing differently? how do they achieve the set results which speak for them? how do they see the market? and so many others. Answers to these questions distinguish one company from the other despite the fact that the two companies might be offering the same product. RachelX strength lies mostly on its ability to be the first movers of the erotic industry on the blockchain. RachelX an erotic industry which is known to be among the oldest industries that existed due to peoples need for pleasure and satisfaction, now RachelX is bringing this oldest industry to the world of blockchain. In the history of the erotic industry, none has been implemented on the blockchain except RachelX.
WEAKNESS
It’s a major weakness, lies on their lack of knowledge of the cryptocurrency sphere. All they have is real-world knowledge and the knowledge of how the cryptocurrency sphere works. This will pose a threat in managing their project in the cryptocurrency sphere.
OPPORTUNITY
With the cryptocurrency market today proving to be the basis for most businesses, Rachelx has the opportunity to tap into this and tokenize their business thereby being the part of the cryptocurrency community.
THREAT
I want to look at this from two angles:
Its present threat,
Its future threat.
The cryptocurrency market is still at its infancy, but there are some key major players in the space. Now we have those called Whales, Pump and Dump groups and so on. These are the market markers. They manipulate the market price either up or down solely to their own advantage as they feed on the investment funds of the non-experienced traders. RachelX coming to compete in such sphere will face the challenge of price manipulation which is evident in the cryptocurrency sphere. The real value of the project won’t be known until this threat is overcome.
In conclusion:
RachelX is revolutionary, it will be the best the world has seen when they remember the world of pleasure in the near future.
