Will Pundi X recover after recent token swap?

xZork

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Quote from: Yogee on April 04, 2021, 01:12:38 PM

PundiX buy back estimated at $15 per token and the upcoming burn to further reduce the supply are good reasons for speculators to buy in. You can also add DeFi features.

Quote from: xZork on April 04, 2021, 10:08:01 AM

Quote from: dogtana on April 04, 2021, 12:33:32 AM

Are you nuts, once trading starts on Binance, it will boom up with a bang

Is there any credible announcement that they will be listed on the Binance exchange?

NPXS is traded on Binance and the exchange will be supporting the redomination. PundiX spot trading on the platform will open on April 9 if I understand their memo correctly.

If this is true it is good news for holders of this coin, almost every coin listed on binance is bullish.
The development team is doing their job very well, I appreciate this very much.

yua_na

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Quote from: manul888 on April 03, 2021, 10:49:50 PM

Could the reason for the price drop have anything to do with the token swap?

My feeling NPSX will do like aave which doing denomination from ethlend to aave. If pundix successfully doing it. Pundix it self is legit project from 2017. Denomination could impact marketcap to good sight if the project really good. But remember it could kill the project too.

carlisle1

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Quote from: onecall123 on April 05, 2021, 12:05:31 AM

I heard the token swap so I have decided to buy a bag of NPXS last week. NPXS still an underdog Token, upcoming swap into Pundi X definitely boost it price. No matter it will take a couple months of recovering however see bullish in the long haul. I see no excuse here.

It's your call as you believe that the team still on the right track, it's hard to predict or determine whether there's a quick impacts.

But from what we are witnessing right now, there's a slight dumped that ongoing, losing 7% still small and possible to bounce while the swap still
on the process.

There's a lots of opinions about this matter, it's up to investors understanding to support or stay away.

ipanks

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Hopefully, after the swap process in Binance finish can lift the price to the high price, I guess that can happen as I see that many whales gather on Binance to make a big profit from each coin. Before the swap process, NPXS already increase and I guess that is because trader wants to get benefits from the swap so they were buying NPXS to get more PUNDIX.

Bttzed03

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As to the question whether the price drop was related to the swap, I guess so. Everything about NPXS and PundiX is about the swap. As of now, we can speculate that some whales have set up their sell walls to accumulate before exchanges like Binance are done with the automatic conversion. We'll see how the market reacts once trading opens.

I've been following the developments on Binance the past few days and I can tell you that some people were forced to sell their NPXS because there's still no announcement if the exchange will support it while the redomination date was getting closer. They chose to sell rather than pay huge withdrawal fees. When Binance finally announced it, NPXS pumped again.

maxreish

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Quote from: manul888 on April 03, 2021, 10:49:50 PM

Could the reason for the price drop have anything to do with the token swap?

Nope, it is because traders sell off their PUNDI X, continued to drop its price and they panic sell again causing the coin's price dump. Token swap doesnt do anything about it. But just like other altcoins, it will still goes up. Depends how strategy will they gonna use. If they advertise it again, do some partnerships, or do some project improvements.

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Quote from: billy.ryoko on April 05, 2021, 01:03:54 AM

I have found the Binance now is suspend the token deposit and withdrawal, that mean the token is swap processing now?

Read this https://www.binance.com/en/support/announcement/8bdcb060635b491d912247fb00603d4d all the information there
trading will reopen on April 9 with the pairs PUNDIX/ETH and PUNDIX/USDT

the current price drop is not that deep, even for the initial holders they already have a pretty good ROI

billy.ryoko

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I have found the Binance now is suspend the token deposit and withdrawal, that mean the token is swap processing now?

onecall123

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I heard the token swap so I have decided to buy a bag of NPXS last week. NPXS still an underdog Token, upcoming swap into Pundi X definitely boost it price. No matter it will take a couple months of recovering however see bullish in the long haul. I see no excuse here.

danherbias07

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The market doesn't react that quickly after a swap.
There are instances that it will be dumped while other investors are thinking it could make them some profits, so they sell before the event happens.
Now, all they have to do is buy back.
Let's not be impatient here. That project had been running for a long time with a product unlike others with invisible results. Grin

Golftech

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Quote from: dhemasm on April 04, 2021, 11:06:12 PM

I think yes, The price will same when swap happened and maybe rise a little bit same with previous ratio swap. Pundi is backed by some big partnership and they are actively developing their platform even it's little bit slow, Beside that Alt season is coming! Well i'm really sure Pundi is going to rise again, Let's wait and see!

There's only slight adjustment with the current market price of this old PundiX coin seems that

it's not being affected by the said swap. Looking from what the market is moving still good and

with the buyback it's also a good chance for the holders to sell their old tokens to the developers.

Still positive after the team show back.

dhemasm

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I think yes, The price will same when swap happened and maybe rise a little bit same with previous ratio swap. Pundi is backed by some big partnership and they are actively developing their platform even it's little bit slow, Beside that Alt season is coming! Well i'm really sure Pundi is going to rise again, Let's wait and see!

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Quote from: manul888 on April 03, 2021, 10:49:50 PM

Could the reason for the price drop have anything to do with the token swap?

I think that the token swap has nothing to do with the drop that happened with pundi. The developers are offering buyback and the pundi holders can sell their token to the developers soon.
In my opinion, if there's no drop happening with pundi and the price still remains stable at this moment and where do you see that?
I see nothing happened with pundi since before the token swap was happening.

AliMan

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Quote from: manul888 on April 03, 2021, 10:49:50 PM

Could the reason for the price drop have anything to do with the token swap?

I don't think so this will be a big factor for the drop, maybe that's due to sellers who took more profit from that opportunity of swap. Let's wait for another possible outbreak, because for now it maybe bearish moments for Pundi X. Recovery might take more months, before we see a good price will soon develop for all of us who own this coin.

nelson4lov

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@OP, Yes, It seems very much likely to happen. Pundi X became one of the worst performing ICOs/projects when the bear market came and almost everyone (including myself) thought it was just like every other shitcoin. The good here is the fact that the pundi X team didn't relent on their efforts even when majority of their community took the exit way when things looked rough. That redomination plan was a brilliant idea to get pundi X back into the attention of market traders. I hope the team can pick up from where it is now and take it to new heights. Also worth noting that it's the second time Pundi X has gone through a redomination. First in 2017-2018(not sure about the exact year anymore and this month.

WalkerIVIV

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Quote from: ragavancoin on April 04, 2021, 01:09:32 PM

It could be a reason to price change in short term, we all know that strategy of pundi x very well it can bounce back again in the future any time, as per my knowledge it is best time to invest in pundi x to get some good profits in future.

Im not sure about that but you can see the rate before and after redomination is not having a big gap and i see that pundi developers were stating to buy back the token more than $12 for each new newpundi and this could be the reason but i don't even see any significant increase even the developers wanna try to buy back 2x from the current price.

Im still waiting for that to be a real thing and it's not only buzzword.

finaleshot2016

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Quote from: dogtana on April 04, 2021, 02:28:06 AM

Quote from: ?? on ??

In most cases, before the swap, the price of the coin shows an increase and after the swap, the price falls. It is impossible to say for sure what will happen to Pundi X in the future, but having a general understanding of the project and based on past experience, I sold all NPXS tokens. As far as I know, in a few days PUNDIX will start staking on f(x)Wallet and perhaps this will have a positive effect on the price.

Really? AAVE? DREP? With big token burn, price goes up, it is simply psychology

. I'm sorry to say but you messed up selling.

Since the price isn't too high, he can easily enter at the right price if the market continues to rise.

I have sold my NPXS because I had already profited from the recent bull and am now waiting for updates on NPXS, which could see a boost once the projects are completed.
Just have confidence in NPXS; it'll soon expose its true colors; corrections are currently taking place following the token swap; this may be the cause of the price drop.

If you want to learn more about the coin in which you'll be investing, specifically NPXS, do some analysis. There's a lot of information on social media that you can gather to forecast its future potential.

Twitter - @PundiXLabs
Website - pundix.com

Yogee

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PundiX buy back estimated at $15 per token and the upcoming burn to further reduce the supply are good reasons for speculators to buy in. You can also add DeFi features.

Quote from: xZork on April 04, 2021, 10:08:01 AM

Quote from: dogtana on April 04, 2021, 12:33:32 AM

Are you nuts, once trading starts on Binance, it will boom up with a bang

Is there any credible announcement that they will be listed on the Binance exchange?

NPXS is traded on Binance and the exchange will be supporting the redomination. PundiX spot trading on the platform will open on April 9 if I understand their memo correctly.

ragavancoin

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It could be a reason to price change in short term, we all know that strategy of pundi x very well it can bounce back again in the future any time, as per my knowledge it is best time to invest in pundi x to get some good profits in future.

shinratensei_

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Quote from: Ewox on April 04, 2021, 11:35:35 AM

The reason the price dump was because of the swap so technically it will recover soon, there is no specific date just yet when it’ll pump again. And with it’s current price now, I don’t think it’s that bad too just like the other altcoins.

I don't think so, there's no dump happening with pundi but people are not seeing the actual price of pundi before the swap happened.
Pundi was getting swapped by 1;1000 ratio and the current rate is the same as the rate before the swap.
There will be no recovery as pundi is still touching the peak price but it might be dumped as soon as possible after the swap. You can take a look at the old price chart compared with the chart of new pundi.

J1mb0

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Quote from: manul888 on April 03, 2021, 10:49:50 PM

Could the reason for the price drop have anything to do with the token swap?

I think the reason a coin is bearish has not too much to do with them swapping tokens. Whether a currency rises or falls in price is due to how they advertise and attract investors. Perhaps the main reason here is that investors no longer put their faith in the currency and they are tired of it.

Review Master

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As major exchanges like Binance, FTX, Kucoin etc support the recent token swap, than it won't be any problem, IMO. BTW, we see a little correction into the whole market, maybe it's dumped because of that and soon it'll pump as token burn is a great FA for any coins/tokens. So, it's just about time to see a price pump into Pundi X. Cheesy

Ewox

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The reason the price dump was because of the swap so technically it will recover soon, there is no specific date just yet when it’ll pump again. And with it’s current price now, I don’t think it’s that bad too just like the other altcoins.

xZork

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Quote from: dogtana on April 04, 2021, 12:33:32 AM

Are you nuts, once trading starts on Binance, it will boom up with a bang

Is there any credible announcement that they will be listed on the Binance exchange?
I know about this project and have joined their bounty program, which is quite a prestigious project.

Russlenat

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The price is already at $6, I don't see a dump here.

As you can see the pundix old is $0.007 _ https://coinmarketcap.com/currencies/pundi-x/

Now, if its multiplied by x1000 the result is 7 usd.. maybe, just a little dump but it's not really a big impact to the project as eventually the price will rise again if investors really believe on the Pundix project in general, not only because of the supply reduction.

michellee

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Pundi X price drops after the recent token swap, and now the price trying to rise up again. If I see on Binance, npxs is gone up for a little price. Unfortunately, npxs is only available with two pair which is usdt and eth. So you can try to check the price and see if that can give you more chances to trade. I think the token can increase later, but it still needs time to rise as before because the price seems to drop too far.

dogtana

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In most cases, before the swap, the price of the coin shows an increase and after the swap, the price falls. It is impossible to say for sure what will happen to Pundi X in the future, but having a general understanding of the project and based on past experience, I sold all NPXS tokens. As far as I know, in a few days PUNDIX will start staking on f(x)Wallet and perhaps this will have a positive effect on the price.

Really? AAVE? DREP? With big token burn, price goes up, it is simply psychology

. I'm sorry to say but you messed up selling.

asriloni

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Quote from: manul888 on April 03, 2021, 10:49:50 PM

Could the reason for the price drop have anything to do with the token swap?

It could be the reason too.

Dude, this project is not even having competence. Pundi is always creating hype with the token swap. There's no interesting news about the development result.
So many times this project is swapping its token.

I don't even know why people are still buying garbage coin like this one.

As far as I know, pundi was increasing its supply on the old swap and then this time it's reducing the supply.

This garbage project is clueless about its own product.

dogtana

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Are you nuts, once trading starts on Binance, it will boom up with a bang

Bravehash

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The team promised buy backs at a certain price point and also max supply reduction, it may affect the price and it may not so just invest only what you can afford to lose, since swap is coming I don't see any reason to buy the token right now, 50$ worth of NXPS is a little over 6000+ tokens and after swap that will turn to 6+ pieces, as if the token will then worth 15$ each? Time will tell

dihari

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Npxs token will migrate to pundix token with denomination 1000:1 to reduce the total supply. I don't know if the price drop is the reason they do swap.
Sometimes reducing total supply of the token can help the price, but no guarantee. The most important thing will drive the value is the platform (business plan) it self, not the token specifications.

https://medium.com/pundix/request-for-comment-npxs-token-reduction-da4c8e618bee

manul888

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Could the reason for the price drop have anything to do with the token swap?

Topic: Will Pundi X recover after recent token swap? (Read 317 times)