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Tag: NPXS

  • Top 5 Losers over 1-Week – (Pundi X, Harmony, Kusmaa, Celer Network, Voyager Token)

    Top 5 Losers over 1-Week – (Pundi X, Harmony, Kusmaa, Celer Network, Voyager Token)

    While the cryptocurrency market has been in a prolonged bull run, the market is as brutal as they come. Despite the major bullish momentum, the market has not been kind to some cryptocurrencies as we take a look into the losers of the week.

    Pundi X (NPXS) is the worst performing cryptocurrency of the weke with a price level of $0.0060 and a daily trading volume of $95,546,625 which went down by 60%. Pundi X is going through a token redenomination where the old Pundi X (NPXS) is swapped for the new Pundi X token (PUNDIX). 1000 NPXS tokens can be swapped for 1 PUNDIX. The redenomination will continue till 29 March 2022.

    Harmony (ONE) has fallen from a top performer coin to a worst performing one. After being on an upward trend for a while and establishing its all-time high at $0.21, the cryptocurrency has been undertaken by the market corrections. Harmony stands at a price level of $0.0027 with a daily trading volume of $180,860,61. The Harmony platform is designed to facilitate the creation of decentralized apps.

    Kusmaa (KSM), too, has fallen from grace as the bears griped the cryptocurrency. After trading at a new all-time high of $482, the cryptocurrency now stands at $447. The market has turned bearish for Kusama as the price has embarked on a descent. However, it is unclear at the moment whether the corrections are minor or Kusama is going to crash. Kusama is pretty similar in its working to Polkadot as it, too, focuses on block chain interoperability and scalability.

    Celer Network (CELR) is trading at a price of $0.073 and the price appears to be falling in the daily time frame. The coin fell from an all-time high of $0.095. Celer Network is now on a downtrend and the weekly performance has deteriorated by 7%. The project is a scaling platform for building applications based on the block chain.

    The final loser of the week is Voyager Token (VGX). The cryptocurrency has been on a downward trend since February and unlike many major coins, it was not able to establish a new all-time high in the bull run as well. The token is priced at $4.10 which went down by 7% in the past 24 hours while the daily trading volume of $12,182,143 decreased by 10%.

  • Is Pundi X (NPXS) a good investment?

    Is Pundi X (NPXS) a good investment?

    Pundi X (NPXS) coin started off the new year with a meagre price of $0.00017 but the cryptocurrency has been on a steady upward trajectory since the beginning of the new year. Pundi X established it 52-week high in the recent bull run at a price level of $0.0075. However, the bearish downturn of the market has affected Pundi X too. The coin, too, has abandoned its upward trend and is going downhill. At the time of writing, Pundi X was trading hands at $0.0059 apiece.

    Pundi X is ranked at 60th in the market with a capitalization of $1,541,054,158 which decreased by 10%. The price of the cryptocurrency decreased by 10% in the 24-hour timeframe while the daily trading volume shot down by 30%. Is the coin going to pick up or will it succumb to the bears?

    Technical analysis

    The market sentiment for Pundi X continues to be majorly bullish with the technical indicators giving out a signal of buy. Of the total indicators, nine are standing at a neutral position with fourteen indications of buy and three indications of sell. The market is dominated by buyers and it appears as though the dominance of the buyers will continue for a while despite the bearish outlook of the overall market.

    The NXPS cryptocurrency is nearing a major Fibonacci resistance level lying at the price level of $0.007 while strong Fibonacci support lies $0.0007. A trader has identified a parabolic upward trajectory for Pundi X. Given the performance of the coin, the trader is suggesting a long position on Pundi X and is expecting the cryptocurrency to climb to $0.022.

    Future predictions

    Wallet Investor projects that Pundi X coin will stabilize at a price level of $0.008 in a year’s time while the coin is set to stand at a price level of $0.013 in five years’ time. Wallet Investor has given Pundi X a good rating and suggests that the cryptocurrency can a good long-term investment.

    Digital Coin Price predicts that the cryptocurrency will be valued at $0.011 in 2021 and the price of Pundi X is expected to continue going upwards over the years. Digital Coin Price’s five-year estimation suggest that Pundi X will be standing at $0.029.

    Although estimates do not place the cryptocurrency anywhere near the $1 mark, it is still a good long-term investment. The market sentiment for the coin is bullish even during market corrections and even though the cryptocurrency was not able to skirt near its all-time high, NPXS still resulted in major gains for investors and traders.

    Pundi X (NPXS) with the aim to make crypto transactions as easy as anything may be close to achieving its mission. The network has been actively garnering partnerships with institutions as well as governments. Pundi X aims to distribute point of sale smart devices to small retailers in order to ensure the ease of transactions in cryptocurrencies.