Pundi X (NPXS) is a relatively lesser-known cryptocurrency. However, today when all the other cryptocurrencies and Altcoins are bleeding, it is in the top 10. Most of the investors do not know what Pundi X (NPXS) has on offer. That is why they are not able to decipher the reasons behind this gain either. We will now shed some light on the outperformance and help you understand why it is gaining.
Why is Pundi X (NPXS) the best cryptocurrency performer today?
In the past 24 hours, it has risen by 8.31%. While the gain might not seem much but when you take into account the fact that most of the other Altcoins and cryptocurrencies are in the red, it is actually the top performer. It is currently trading around $ 0.0006. That is why it is certainly gaining the limelight today when the other cryptocurrencies are suffering heavily.
When you look at the reaction of the cryptocurrency markets, it has been stellar. In the last seven days, the market cap of Pundi X (NPXS) has risen from $ 78 million all the way up to $ 108 million today. Thus, the market is anticipating that the technology which it is trying to promote will surely gain more traction in the future.
It remains to be seen whether the development team is actually able to increase the number of transactions done through its technology. If it can do that, it can surely gain much more.