Pundi X (NPXS) July 8, 2019 Week In Review: Price Down 3.97%

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Price Action

Since last week, Pundi X’s price went down by -3.97%. It is above its 20 day moving average by 4.43%, so it’s slightly away. Pundi X’s bullish momentum, based on its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, Pundi X is more volatile than roughly 37% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Pundi X to experience a price range in US dollars between 0.0007571565 and $0.0009961735.

Where to trade Pundi x (symbol: NPXS): Gate, Yobit, Binance, DDEX

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Volume Update

In the week prior, the daily volume for Pundi X has ranged between 101,580,220 and 10,759,712,454 currency units. Over the past three weeks, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Over the past week, Pundi X saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 0.95%. Its turnover rate is more than approximately 35.29% of the cryptocurrencies in our index, 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

Pundi X saw the number of wallets holding its coin go from 63,881 to 63,641 over the past week — a change of -0.38%. As for overall transactions, they increased from 1,151,636 to 1,158,307 — an increase of 0.58%. This translates to a combined engagement growth rate of 0.20% for Pundi X — which is higher than 8.82% of the cryptocurrencies we’re reporting on. This could indicate that the coin’s usage is not growing much at all.

Technology Development Status

At the moment, Pundi X has 4 repositories open to the public on GitHub, with the oldest one now being 1.74 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 12 % of the 100 similar coins in our index. The coin has 0 outstanding issues in the backlog awaiting to be addressed by the core development team. Its number of watchers, when viewed against 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 89% of similar coins we’re tracking.

Pundi X News and Commentary

We found one link over the past week about Pundi X that we thought was especially worth sharing. If available, we added an excerpt from the article to help give a taste of what it is about.

Recap of AMA with Zac on July 3 and Q2 report – 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

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