PUNDIX - Rise from a Low? Possible!So in this post I am looking at the token price from a fundamental perspective, rather than technical.
Ever since @PUNDIX has decided to transform/rebrand their token from NPSX to #PUNDIX, with a reduction of the total token amount from 258,498,693,019 to 258,526,640, it has been trading at a low - and I see that actually as a good opportunity.
PUNDIX is providing real products: Their #XPOS solution and devices are distributed in 30+ markets including the United States, Spain, Argentina, Korea, Australia, Colombia, Spain and Taiwan. They are constantly shipping/selling more devices and the demand is growing.
Their blockchain solution enables easy payments with the XPOS device. Retail merchants, as well as consumers, can easily buy, sell and transact using digital assets in physical stores. The product is designed to accept every cryptocurrency. Popular digital assets like Bitcoin (#BTC), Ethereum (#ETH) and PundiX (former NPXS) are listed within the ecosystem.
For a short technical analysis: In the chart you can see that a low around 3,58$ has been working as a support (this can also function as a Stop-Loss). Other following lows did not even touch that level (3,66$ and 3,67$).
My profit taking (PT) levels:
4,243$
4,541$
5,602$
6,805$
9,686$
Remember to set PT levels a bit lower, since 90% of the time first touches of levels get rejected, with price falling to a close support level, where you can re-accumulate.
In conclusion: With a lower total amount of tokens, real products with real value and increasing demand: You do the math :)
- This is no financial advice, so trade with care! -
For transparency reasons: As of yesterday I am invested in PUNDIX with 1/15 of my total portfolio size.
