Ninjastic
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Board Tokens (Altcoins)
Re: [ANN] Pundi X - Any store can buy, sell and accept Cryptocurrency
by
D3m0nKinGx
on 30/09/2019, 05:18:34 UTC
Quote from: fapar on September 30, 2019, 04:53:20 AM
Quote from: zahidmoon on September 28, 2019, 06:23:29 PM
Quote from: fapar on September 28, 2019, 02:23:23 PM
What kind of trade competition are you talking about? The daily trading volume is a little more than 5 BTC, it is very small for such a well-known token. Supply exceeds demand ~10 times. Moreover, the two minimum sell orders overlap all buy orders in total.
supply exceeds demand that's why the price is too much down. and i believe that some whales are garbing pundi x tokens and filling their bags at cheap price. but buy orders are not much looks like there is not much traders wants to buy pundi x. this is worrying me
It's very strange because Binance even announced a campaign to trade NPXS https://www.binance.com/en/support/articles/360034480671. I see that the trading volumes are now in a pair of NPXS/USDT (~5M USDT). But the price and there this morning dropped by 10%.
Now it is clear why the volumes left the NPXS/BTC pair https://www.binance.com/en/support/articles/360034580431. Apparently was inside.

It states so that it was by the request of the project team (in this case Pundi X made the request to cease NPXS/BTC trading pairs)... 

This is the problem with centralized systems. One body controlling the fate of the network. It's a bit absurd that's being done, unless Binance made contact with the project teams warning of a potential de-listing Huh