Though the coin name sounds odd, it was one of the best performing ICO in terms of ROI. Pundi X (NPXS) is an ERC-20 token running on Ethereum blockchain. The token started as Pundi (NPX) but was later rebranded to a new address and ticker Pundi X.
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What is Pundi X?
Pundi X is a Cryptocurrency project that allows people to use digital currencies for everyday use. Their primary target market is Asia and Africa and aims to empower people that lack access to modern financial markets. NPXS’s key product is XPOS, which is a PoS device, designed to improve crypto adoption.
XPOS allows retailers and service providers such as restaurants, grocery stores, and gyms to accept Crypto payment easily and quickly. Additionally, the machine is also handy when buying and selling of Cryptocurrencies. In its mission statement, NPXS is all set to target the global financial market with its POS machines, which many merchants already use to conduct daily business transactions.
Pundi X Price Prediction for 2020
The website contains price predictions for almost all Cryptocurrencies, which is done through their algorithm. They predict that by the end of 2020, the price of NPXS will reach $0.0002, which is almost the same as the yearly opening.
According to Trading Beasts’ Pundi X price prediction, the coin will reach $0.0003437 in 2020.
Digital Coin Price
Digital Coin Price offers various tools and insights about different Cryptocurrencies. As per its prediction, the token will have a value of $0.00048655 in the fourth quarter of 2020.
Crypto Ground is a cryptocurrency prediction website that predicts that Pundi X will reach $0.00055 by the year-end.
Our Stance on Pundi X Price Prediction 2020
After ICO, major exchanges opened trading pairs for NPXS, and the price more than tripled in the first few weeks of 2018. However, the hype was short-lived, and the value of the token plummeted from $0.013 to $0.0014. Despite the loss in total market capitalization, NPXS continued to outperform its competitors and currently ranks among the top 200 Altcoins as per Coingecko.
Pundi X has already shipped over 100,000 XPOS devices and continues to make headlines in Crypto media. Its team has entered into various partnerships and has successfully listed the coin on over dozens of exchanges, bringing in more liquidity. With these positive developments and a strong community, we predict the price of Pundi X to reach $0.003 before the end of 2020.
Pundi X Price Prediction 2025
NPXS community and adoption are gradually increasing. The project is backed by major Crypto investors and has already made it to popular exchanges. The CEO of Pundi X, Zac, himself, possesses experience of more than 12 years in tech. Similarly, other team members have also contributed heavily to the development of the project and continue to do so.
Pundi X partnerships and acceptance is likely to grow threefold in the next five years. To market their brand and product, the team is also continuously sponsoring festivals across the world. They are also aiming to become the largest offline sales network similar to Walmart through its offline sales solution. With these positive developments in consideration and the likelihood of a bull run, NPXS will reach a price of over $0.005 before the end of 2025.
The Idea behind Pundi X and Its Use Cases
NPXS was developed to bank the bankless and disturbed the central financial institutions. Today many people still lack access to conventional banking systems and channels. NPXS works like a payment gateway, except that it replaces the traditional fiat against Cryptocurrencies. The project provide various solutions to users, some of which include
- Buying cryptocurrency via fiat or bank card
- Using cryptocurrencies to top up phones and paying bills or using it for checkout on several online stores
- The project also provides XPass service, where you can securely store your cryptocurrencies.
- Can be effective for retailers looking to accept digital currencies on their physical locations
- Further, the NPXS target is to attract a population of more than 200 million who still has no access to banks.
Currently, for a person without a bank account, a transfer through Western Union or Moneygram is the option, but both of them are costly to avail. In comparison, Pundi X provides a faster and cheaper way to send money around the globe within a few minutes.
Will Pundi X reach $1?
Reaching a valuation of $1 is a very high price for NPXS, and is impossible. Even though the project has support from institutional investors and boasts a strong community, hitting a dollar is still unrealistic because of its huge supply.
Additionally, the token is made to help people get access to financial markets and was no way meant to target tech giants. NPXS has a supply in billions, and if it were ever to reach $1, it would easily outperform Bitcoin in terms of market capitalization, which seems out of the question.
The project seems promising. It has high goals, a clear focus, and a use case that target a broad market. Together with increasing adoption, positive price predictions, and a community compromising of thousands of retailers, Pundi X is likely a promising investment for 2020.