It got some pump lately.
Hopefully people will realize that it's time to sell now, not to buy.
Pundix has increase 100% in the last 7 days per :
https://coinmarketcap.com/currencies/pundi-x/markets/That was so impressive but have we not thought that it might just be because of the hype? and once the hype is over, the price will dump again?
Any news what could be the caused of it? I can't find a reason for it to have some pumps lately. Is it about the burning?
The only news I know is they reduce the supply by1000 times, and less supply means an increase of price, so that could be the reason why people are buying NPXS, aside from the bull run effect.
more details here ;
https://www.investing.com/news/cryptocurrency-news/npxs-migrates-to-pundix-reduces-supply-to-10001-2451543NPXS ticker name will be replaced as PUNDIX.
NPXS will reduce its token supply 1000:1 ratio.
Token redenomination will start on March 30, 2021.
However, users can swap their NPXS for PUNDIX in different ways.
Based on the community response Pundi X has chosen PUNDIX as the new token ticker. However, NPXS will reduce its token supply 1000:1 ratio. In addition, NPXS token reduction is to decrease the total supply and circulating supply of NPXS.
Moreover, Pundi X is a leading developer of blockchain-based devices with the goal of transforming retail firms with its blockchain-related point of sale solution.
NPXS Swapping to PUNDIX
The Pundi X’s token redenomination will start on March 30, 2021. However, users can swap 1,000 NPXS for 1 PUNDIX. More so, after token redenomination, there won’t be any change in the price of the new token.
According to CoinGecko, the NPXS price is 0.00487 with a 24-hour trading volume of $1.190 million, at the time of writing.