The current situation in the altcoin market is very bullish. Crypto investors looking to maximize their profits are asking themselves one thing: which token to invest in? Recently, their attention has been focused on Pundi X (NPXS).
Can NPXS really be a good investment in 2021? From this article, you will learn everything you need to answer this question. You’ll get to know what is Pundi X, what is its use case, and what are NPXS price predictions made by the experts.
What is Pundi X (NPXS)?
Pundi X (NPXS) is a cryptocurrency project created in 2017 by two experienced IT and computer security professionals named Pitt Huang and Zac Cheah. From the very beginning, the goal of Pundi X was simple: furthering the adoption of blockchain technology by making it easy to use cryptocurrencies in real life.
In January 2018, the Pundi X ICO was launched. In just 10 days, the company managed to acquire $35 million. The funds raised helped Pundi X become one of the first solutions on the market which actually allowed blockchain enthusiasts to use cryptocurrencies in everyday life.
In a short time, Pundi X evolved from a small startup created by two friends to a global company. Currently, Pundi X operates in over 25 countries around the world and continues expanding.
Is NPXS an ERC-20 Token?
NPXS is an ERC-20 token utilizing the Ethereum network. You can conveniently store NPXS tokens in any wallet supporting ERC-20 tokens.
The Real-Life Use Case of Pundi X (NPXS)
Back in 2017 when Pudni X was created, using cryptocurrencies in real life was very problematic. Even Bitcoin, the most popular digital currency, wasn’t really useful for buying things. The situation with altcoins was even worse, as paying for anything with alternative cryptocurrencies was almost impossible.
Pundi X makes using crypto in real life much easier. The Pundi X platform includes a vast suite of cryptocurrency payment solutions including XPOS, XPASS, and XWallet.
XPOS is the first blockchain-based point-of-sale (POS) terminal enabling easy crypto payments in retail stores. It’s a device very similar to typical card readers common in every store. But instead of paying with fiat, XPOS allows you to pay with crypto.
XWallet is the native cryptocurrency wallet of the Pundi X ecosystem. It’s a multi-currency mobile wallet that supports a large number of coins and tokens, including Bitcoin, Ethereum, and ERC-20 tokens.
XPASS is a crypto debit card issued to every XWallet user who wants to own one. With XPASS, you can easily buy things online like with a typical debit or credit card. Unlike typical debit cards, your XPASS card can be funded with cryptocurrency.
NPXS is the unique digital asset powering the Pundi X ecosystem. The max supply of the Pundi X token is 258,526,640,301 NPXS. New NPXS tokens cannot be mined, and instead, they are distributed to the Pundi X users in the form of staking rewards.
Why Is NPXS Considered a Good Investment?
Many projects in the blockchain ecosystem don’t have any real-world applications. A large number of crypto tokens are only useful on a single platform. Since these solutions are not actually useful, they can very quickly lose value when their popularity fades away.
NPXS powers up an entire ecosystem of solutions that are very useful in everyday situations. Pundi X is a company focused on practical applications of blockchain technology. Solutions such as XPOS and XPASS make using cryptocurrency much easier, so as long as crypto gains popularity, Pundi X is expected to grow.
It’s worth noting that although other crypto payments solutions were launched over the years, Pundi X was a pioneer of enabling cryptocurrency use in everyday life. Because of that, Pundi X can be considered a market leader, with a lot of potentials to further increase its position in the future.
Where can you buy NPXS?
You can buy NPXS on most major crypto exchanges such as Coinbase or Binance. Since NPXS is an ERC-20 token, it can also be purchased on decentralized exchanges like Uniswap.
NPXS Price Forecasts Claim $0.01 By the End of the Year Is Very Likely
Automated price prediction services are very useful in determining the minimum possible price growth of an asset. Since these forecasts don’t take the fundamentals of a project into consideration, their results are often quite bearish.
The price forecast website WalletInvestor predicts that the NPXS price will continue to grow throughout the year. According to WalletInvestor, the Pundi X token is likely to trade for $0.00973 by the end of 2021.
DigitalcoinPrice is another price prediction service, which published a slightly more bullish NPXS price analysis. The website claims that NPXS will trade for $0.01182478 in 2021. DigitalcoinPrice adds that in the future the NPXS price might increase to $0.03.
Technical Analysts Are Super Bullish About Pundi X: Will the NPXS Price Reach $1 in 2021?
In the case of projects built on strong technical fundamentals, automated forecasts and predictions made by the experts can differ greatly. With NPXS, many analysts believe that Pundi X might become even 100x more valuable than the automated forecasts suggest.
Popular Youtube researcher CryptoXan believes that given the massively important use case of Pundi X, the price of NPXS will reach $1 in the foreseeable future. However, CryptoXan is convinced that this won’t happen in 2021. He claims that the NPXS price at the end of the year will be $0.1 or $0.2 at most.
Some analysts are more cautious. According to the channel Moneyology, $0.1 is not a realistic NPXS price goal for 2021. Instead, Moneyology believes that the Pundi X token will trade for $0.02 by the end of the year.
Popular Youtube analyst Ryan Matta shares a very similar outlook. According to him, NPXS will trade for $0.02274 by the end of the year. Matta believes that it’s unlikely that Pundi X becomes more expensive than that since that would require the NPXS market cap to grow by more than 10 times.
Is It Possible NPXS Will Reach $1?
NPXS is a very interesting digital currency, and the NPXS price is appreciating very quickly. However, NPXS also has a very high supply of over 258,000,000,000 (258 billion). Because of that, the price of 1 NPXS token is still very small and it might take a long time before NPXS will reach $1.
It’s almost impossible to find any negative NPXS price predictions. Everyone seems to agree that the important real-life use cases of Pundi X will continue to positively impact the token’s valuation.
However, the community is divided when it comes to specific NPXS price forecasts. Some Pundi X price predictions for 2021 are as low as $0.01, while some researchers even believe that NPXS will trade for $1.
The truth probably lies in the middle. Taking all things into consideration, the $0.1-$0.2 predictions published by many technical analysts seem most realistic.
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