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Pundi X (NPXS) Spikes Over 100% Leading to Testnet Launch & Token Burn

-PundiX (NPXS) price spiked over 100%.
-As the project gets ready for a testnet launch, staking and likely for DeFi integration.
-NPXS shows a bullish trend.

PundiX (NPXS) price spiked over 100% since February 6. As the project gets ready for a testnet launch, staking and likely for DeFi integration.

Pundi X is a borderless cryptocurrency payment ecosystem. However, it aims to boost adoption using Point-of-Sale (POS) and a contactless payment card. Moreover, with an open-source system, the platform focuses on physical retail store payments.

NPXS provides its POS terminal to the retail ecosystem free of cost to increase its adoption. More so, the project also aims to connect Visa and Mastercard debit card services, allowing merchants to be paid in fiat currency.

Pundi X (NPXS) Testnet Launch & Token Burn

As per the team, the Testnet 3.0 must be Ethereum EVM compatible, with a 5 second confirmation time and transaction price at 1 cent. Moreover, it will help to support staking and automated market-making (AMM).

Token buybacks play another vital role adding activity. However, 2,000 Ether (ETH) worth of NPXS have been kept aside for this. Instead of being burnt, these tokens will be used to support developers and projects that join the platform. Further, the second buyback took place on February 10.

According to CoinGecko, the NPXS price is at $0.0015, at the time of writing.

NPXS/USDT Price Chart (Source: TradingView)
  • Resistance level 1: 0.0018
  • Resistance level 2: 0.0023
  • Support level 1: 0.0013
  • Support level 2: 0.0012

As per the chart above, NPXS shows a bullish trend. However, if the trend continues, NPXS will run along with the bulls, overtaking its $0.0018 resistance level and climb higher to $0.0023. Even more, it is possible to reach the crypto’s all-time high price of $0.015.

Conversely, if the investors turn against the crypto, the bears might take over. And the NPSX price might plummet to almost $0.0012, a bearish signal.

Furthermore, there seems to be a strong outlook for the project, but a more concrete roadmap for the DeFi integration would help to increase the sentiment among investors and holders.

The News Crypto Staff

The News Crypto is a group of crypto journalists writing about the latest happenings in the crypto and blockchain industry.

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