PundiX (NPXS) surges 130% in two days: What's driving the rally?

PundiX (NPXS) surges 130% in two days: What's driving the rally?

NPXS has rallied 130% in just two days after PundiX CEO confirmed staking and token reduction. NPXS, the native token of PundiX, a cryptocurrency point of sale (PoS) solution provider, has seen a massive surge in price over the past 48 hours.In merely two days, the price of NPXS rose by more than 130% on Binance, outperforming most major cryptocurrencies on the exchange.There are three key reasons behind the rally: the launch of token staking, token reduction, and the overall positive sentiment around the altcoin market.NPXS/USDT 4-hour price chart (Binance). Source: TradingView.comToken....


Related News

Pundi X (NPXS) gains 102% ahead of testnet launch and token burn

PundiX (NPXS) gained 102% as the project prepares for a testnet launch, staking and possible DeFi integration. Since Feb. 6 Pundi X (NPXS) has rallied by 102%. While it would be easy to assume that it’s breakout is simply following in the hoof prints of the herd of altcoins that have been rallying alongside Bitcoin, the current move appears to be driven by an upcoming testnet launch and improving fundamentals. Pundi X is a borderless digital currency payment ecosystem that aims to boost adoption using Point-of-Sale (POS) terminals and a contactless payment card. Using an open-source....

Ethereum Surges to $470 Amid ETH2 Launch and DeFi Rally

Ethereum has undergone a strong rally over the past few days, pushing as high as $470. ETH is up around 10% in the past 24 hours, despite Bitcoin stagnating in the high-$15,000s. Ethereum’s rally higher comes as other altcoins have rebounded. Analysts remain bullish on Ethereum and altcoins. Ethereum Explodes Up, and It Has Room to Move Even Higher: Analysts Ethereum has undergone a strong rally over the past two days despite strong weakness over […]

Is Bitcoin Classic And The Hard Fork Driving The Price of Bitcoin Higher?

Is the early stage of the hard fork potentially driving this price rally of Bitcoin? It’s definitely possible, but it could also be a variety of other factors as well. Over the past week the price per Bitcoin has shot up almost $40.00 USD and there has been some speculation about whether that spike has had anything to do with the news about the hard fork to Bitcoin Classic. There have been some concerns about the hard fork due to some issues with scaling, adoption, regulation, legality and liability. Yet there have been vocal supporters of the hard fork in the space that have championed....

JPMorgan Analysts Says ETFs Are Not Driving Bitcoin Price, Here’s What Is

Much of bitcoin’s recent rally has been attributed to the tremendous success of the first bitcoin ETF to trade on Wall Street. The ProShares ETF had seen over $1 billion in trading volume in the first 24 hours alone. However, JPMorgan analysts do not believe that this is the driving force behind BTC breaking a […]

TA: Ethereum Surges Above $3K, Here’s Why Rally Isn’t Over Yet

Ethereum extended its rally and it traded to a new all-time high above $3,000 against the US Dollar. ETH price is showing signs of more upsides towards $3,100 and $3,150. Ethereum remained well supported above $2,800 and it broke the $3,000 level. The price is now trading well above $3,000 and the 100 hourly simple […]