Pundi X Price Overview
The current Pundi X price is EUR. The price has changed by EUR in the past 24 hours on trading volume of EUR. The market rank of Pundi X is based on a market capitalization of EUR. Pundi X has a circulating supply of . The highest recorded Pundi X price is EUR. And the lowest recorded PUNDIX price is EUR.
How do Pundi X price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.
Pundi X is a Singapore-based blockchain retail products company founded in 2017 by Zac Cheah, Pitt Huang, and Danny Lim. The team aims to make digital currencies more accessible by providing blockchain-based point-of-sale (POS) solutions. Pundi X enables businesses to future-proof and accepts digital currencies as payment through its XPOS technology and devices. The Pundi XPOS facilitates instant transactions in a range of popular cryptocurrencies and has already been deployed in at least 30 markets globally.
The project’s native token, PUNDIX, is required for publishing applications on Pundi XPOS and is the default currency for payment settlement. The coin has only been on the market in its current form for a short space of time but its price has already seen big changes and if you want to know why then you’re in the right place. We’ve compiled everything you need to understand PUNDIX price – as well as the factors which influence it.
Pundi X Price History
Pundi X held an initial coin offering (ICO) in January 2018 before launching the PXS coin. Between March and September of 2018, PXS tokens were swapped for NPXS tokens at a rate of 1 PXS for 1,000 NPXS.
NPXS price was about a tenth of a cent in March 2018 but surged up to over $0.01 USD in the second quarter before crashing back down and mostly remaining under a tenth of a cent for the next two and a half years. It only broke above this level in 2021 when it almost regained $0.01 towards the end of March.
At the end of March 2021, a second token swap took place, this time a reduction. Based on community support, advice from the committee, and market conditions, Pundi X decided to redenominate their native cryptocurrency with the ticker PUNDIX. NPXS holders have until the end of March 2022 to swap their tokens for PUNDIX, which is done at a rate of 1,000 NPXS tokens for 1 PUNDIX.
PUNDIX hit the market in the first week of April 2021 trading at about $6.66. Its price soon fell by 60%, reaching a low of $2.69 on 7 April. The following day Pundi X made gains of over 40% before almost setting an all-time high on 9 April when it rose to $6.93.
There was then another dip of 44% which took prices below $4 a couple of days later before a slight resurgence on 12 April took Pundi X up to $5.55. Most of the rest of April was spent in decline, with PUNDIX hitting its lowest price of $1.79 on 23 April.
A 37% surge on 26 April looked as though it might signal a trend reversal, but after reaching a peak of $3.82 on 3 May, PUNDIX continued to fall and was worth just $2.14 ten days later. Although PUNDIX launched with a market cap of over $1.1 billion USD, its market cap was just $600 million USD a month later.
Analyzing Pundi X Price History
PUNDIX’s price history can be analyzed with many of the same techniques as stock market analysis. Technical analysis (TA) involves using various indicators while studying price charts in order to make sense of the previous price movements of cryptocurrencies. With Pundi X, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy/sell their coins on exchanges. There was increased Pundi X trading volume on 9 April 2021, which coincided with when the coin began trading on FTX and Binance. Listings on a major exchange like these make cryptocurrencies more accessible to a wider audience so likely contributed to PUNDIX’s price surge during that day.
Fundamental analysis (FA), on the other hand, takes into account the financial situation and activities of a company, as well as the state of the wider market and economy. Pundi X raised a total of $30.5 million through a private sale, a public pre-sale, and public sales of its original PXS token. Its blockchain technology has already been deployed in at least 30 of the world’s markets and the company has formed dozens of partnerships with blockchains, payment services, and distributors. These could all be good signs for the project’s fundamentals.
Broader market trends have also played a role in PUNDIX’s price history. Most of the crypto market began falling around the middle of April and Pundi X was no exception. One possible reason for this is panic and uncertainty in the financial market following the US government’s proposal around that time to significantly increase long-term capital gains taxes.
The overall price trend of PUNDIX tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.
Factors Influencing The Price of Pundi X (PUNDIX)
A variety of different things can affect the price of PUNDIX, including project news and developments, the flow of assets on exchanges, public sentiment, community engagement, and emerging trends in the wider cryptocurrency and global economies.
Pundi X has a capped max supply of 258,526,640 PUNDIX, all of which is already in the circulating supply. No more PUNDIX will ever be created, making it a scarce asset, like Bitcoin. As the circulating supply is constant, any increase in demand for the crypto will drive up its price.
PUNDIX is required for publishing applications on the Pundi XPOS platform, meaning there is demand for crypto from developers. It is also the default token for settling payments within the application. PUNDIX can also be used to support loyalty rewards for deductions on transactions which could encourage consumers to use it for their purchases.
The PUNDIX demand from developers and consumers is likely to increase as the ecosystem grows. The Pundi X blockchain point-of-sale devices are already available in 30 countries and future integrations and partnerships with governments, payment companies, and retailers could increase the value of Pundi X.
Live Pundi X Value and Market Cap
The current price of Pundi X (and its market cap) varies from moment to moment as it’s dictated by the balance of buy and sell activity and the volume of coins traded on exchanges, which is in constant flux.
Pundi X is highly volatile, like other cryptocurrencies, meaning its live price can change by a large amount in a very short space of time. The market cap of Pundi X is equal to the price of PUNDIX multiplied by the number of PUNDIX tokens in the circulating supply and is used to rank coins by their market cap.
Pundi X Price FAQ
What Is the Highest Price of Pundi X in EUR?
Pundi X price history shows that PUNDIX has recorded a peak value of EUR.
What Is the Lowest Price of Pundi X in EUR?
Kriptomat data confirms that EUR is the lowest recorded Pundi X value.
How Can I Buy Pundi X?
There’s no need to consult an expert to tell you how to buy Pundi X. It’s fast and easy to buy PUNDIX at Kriptomat. Pundi X is available for immediate purchase at the current PUNDIX price quote of EUR. Current prices are always displayed in the PUNDIX chart.
What Is the Current Price of Pundi X in EUR?
Pundi X is available for immediate purchase at Kriptomat. The current price is EUR.
How is the price of Pundi X calculated?
PUNDIX’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying Pundi X than selling it, the price goes up, and when more are selling than buying, the price goes down.
Why is the price of Pundi X different on different cryptocurrency exchanges?
PUNDIX’s price is based purely on trading as there is no standard global PUNDIX price, so no one knows what it is “supposed” to cost. The 24h volume and supply of active liquidity on the market are different for each exchange and those differences are what affects the price.
What will Pundi X be worth in the future?
It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of Pundi X. However, as the max supply of PUNDIX tokens will never increase, any rise in demand from developers and consumers would boost its price, which could happen as the company expands its blockchain services to more of the world’s retailers, increasing trading volume of the coins.
Pundi X has only been trading for a very short period since the token migration from NPXS. In that time its price has gone from highs of almost $7 to lows of below $2. Like other cryptocurrencies, Pundi X is highly volatile, meaning that large price swings can occur in a very short space of time.
Many different factors have played a role in determining the price of Pundi X tokens, including their fixed circulating supply, demand from developers and consumers, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the market and constantly changes.
If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Pundi X and cryptocurrencies!