Pundi X (NPXS) Token | Price Prediction and Future Growth!
What is Pundi X?
Though the name sounds weird, it is still one of the best performing ICO Token. Pundi X (NPXS) is an ERC-20 token running on Ethereum blockchain. The token started as Pundi (NPX) but was later rebranded to a new address and ticker Pundi X. The coin provides the merchant with a Crypto Point of Sale device ready to accept cryptocurrencies. Additionally, the machine can also come handy when it comes to buying and selling of Cryptocurrencies. In its mission statement, NPXS is all set to target the global financial market with its POS machines, which many merchants have already ordered.
NPXS at a glance
Name: Pundi X
Founder: Zac Cheah
Website: Pundi X Official Site
Founder’s profile: Twitter
Whitepaper: Pundi X whitepaper
Block Explorer: Explorer 1, Explorer 2
NPXS Social Profiles: Twitter, Telegram, Reddit, Medium, Youtube, Facebook
The idea behind Pundi X and its use cases
NPXS was developed to bank the bankless and disturbed the central financial institutions. Even in the current era, many people don’t have resources or enough money to use the conventional banking system and channels.
The system works like AliPay or any other transaction services, but the team behind Pundi X realize how revolutionary it would be to bring blockchain into financial markets. The coin can provide various solutions to users. These include use cases such as
- Buying cryptocurrency via fiat or bank card
- Using cryptocurrencies to top up phones and paying bills or using it for checkout on several online stores
- The project also provides XPass service, where you can securely store your cryptocurrencies
- Can be effective for retailers looking to accept digital currencies on their physical locations
Further, NPXS target is to attract a population of more than 200 million who still has no access to banks primarily consisting of South East Asian and African countries. For a person, without a bank, a transfer through Western Union or Moneygram is the option. But they are way costly to avail. In comparison, Pundi X provides a faster and cheaper way to send money around the globe within a few minutes.
NPXS team and community
The community and growth around NPXS are gradually increasing and includes some major Crypto investors. The team consists of highly expert individuals. CEO, Zac himself possess experience of more than 12 years in tech. Similarly, other team members have also contributed heavily to the field of tech and blockchain.
Further, NPXS has several partners. These include companies and startups such as Fintech Indonesia, W3C, and many others. A list of NPXS partners can be found here.
Pundi X Growth and Price Prediction for 2020
After ICO, several major exchanges opened trading pairs for NPXS. As at the time of this post, NPXS has a daily volume of over 100 Bitcoins. For the year ended 2019, the coin has performed poorly. Its daily volume has dropped by over 200% and its Bitcoin pair was also removed from Binance exchange. The coin has a current ranking of 103 among all Cryptocurrencies down from 43.
With a significant drop in prices and the current prices hovering around 2-4 Satoshis, NPXS looks like a bad investment for 2020. However, if you are planning to buy Pundi X to hold it for some time, then you will probably profit from it. Although, it is advisable to perform some technical analysis before making a buying decision.
Will Pundi X reach $1
Well, this sounds very lucrative, but sadly, I need to burst your dreams of becoming the next billionaire, as the chances of Pundi X reaching $1 is difficult. This is because the token is actually made with special consideration for those who find it too difficult to get into the conventional banking system.
On the other hand, NPXS has a very large amount of supply, which further diminishes its chances for achieving such a price. Besides, if a single Pundi X were to reach $1 with the current market supply, it will easily outperform Bitcoin in terms of market capitalization becoming the number one Cryptocurrency! Which is well, absolutely insane!
But how about whether Siacoin can reach a dollar since it supports a major cause for Tech companies?