Price Action
In the week prior, the price for Pundi X went up by 4.03%. It is below its 20 day moving average by 10.35%, so it’s somewhat away. Pundi X’s bullish momentum, determined by its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Now when considering volatility, Pundi X is more prone to sizable price moves than 85% of coins in our index, so bear that in mind if you decide to trade it. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Pundi X in US dollars is expected to be between $0.000425203 and $0.000991577.
Where to trade Pundi x (symbol: NPXS): Gate, Yobit, Binance, DDEX
Volume Update
In the week prior, the daily volume for Pundi X has ranged between 106,476,067 and 2,340,212,801 currency units. In the three weeks prior, both price and volume have been declining. Pundi X experienced a turnover rate of about 0.43% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 26% of the coins we’re tracking, so it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.
Engagement Update
Over the past week, Pundi X saw its holders go from 63,404 to 63,713, an increase of 0.49%. As for overall transactions, they increased from 1,166,079 to 1,170,842 — an increase of 0.41%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Pundi X is thus at 0.90% which, relatively speaking, is ahead of 78.41% of the cryptocurrencies we’re tracking. This could indicate that the coin’s engagement is growing at an above average rate.
Technology Development Status
At the moment, Pundi X has 5 repositories open to the public on GitHub, with the oldest one now being 1.78 years young. The last recorded update to its public repositories was more than a week ago which is potentially concerning; more than a week without an update may suggest development is too slow. Pundi X’s repos that are visible to the public collectively have 3 watchers — it bests only 7 % of the 100 similar coins in our index. The coin has 0 total outstanding issues across all 5 of its public repositories on GitHub. In comparison to the number of watchers it has, though, its open issues count doesn’t seem like something to worry about. To put the situation in context, Pundi X has a better issue/watcher ratio on its GitHub than 93% of similar coins we’re tracking.
Pundi X News and Commentary
The top 2 themes being discussed about Pundi X in the past week are listed below. Where available, we included a snippet of the article that we thought might be interesting.
Daily analyze of cryptocurrency 20190715 – Liu Wen
Excerpt:
[Tether immediately burned 5 billion USDT after minting them]Stablecoin operator Tether minted and subsequently burned 5 billion USDT tokens, Cointelegraph reported on July 14.
[ANN] NPXSXEM BEP2 Token Swap Guide – Pundi X
Where to Buy
You can trade Pundi x, listed under the symbol NPXS, through the following exchanges: Gate, Yobit, Binance, DDEX.
Article by SixJupiter
