The crypto market has been relatively depressed for the last two days. However, it is now showing signs of a recovery and PundiX (NPXS) is leading the way. PundiX is up by over 6%, even as most of the major cryptos trade in negative territory. This follows confirmation that PundiX is headed to Bittrex after bots started detecting it on Bittrex a few weeks ago. The confirmation was made on the Bittrex blog yesterday, in a blog post from their communications team. Here is part of the statement from the Bittrex communications team with regards to this listing.
“…we’re currently operating a pilot program with our partners and one token, PundiX (NPXS). We’re grateful for their assistance as this pilot program paved the way to ensure that we could begin the token listing process now.”
The excitement in the PundiX community with regards to this announcement is not without basis. Bittrex is one of the largest exchanges in the world, and by getting listed on it, PundiX will gain access to higher levels of liquidity, and this could play a huge role in pushing up the value of this crypto.
On top of that, a Bittrex listing will be a huge marketing boost for PundiX. It’s a marketing boost in two ways. First, there are investors who didn’t know about PundiX before, but will now take an interest in it. Once they learn of its core fundamentals such as function X, and highly advanced point-of-sale devices that are helping push crypto adoption, many will invest in it. Secondly, Bittrex has a strong reputation in the market, and it reviews coins before listing them. They don’t charge fees for listing new cryptos, but their listing process ensures that only authentic projects are listed, as can be seen in the statement below.
“First, all token applicants must fill out the basic listing consideration form that requests information about the token and the token team. After a token team submits this form, the Bittrex International token team will evaluate the authenticity, innovation, and quality of the blockchain project. As part of our review, the Bittrex International team will also conduct a compliance review of the token team.”
This is a confidence boost to investors, one that will see the value of PundiX rise significantly in the short-term. Looking at PundiX (NPXS) from a more long-term perspective, this is one crypto that is headed for some major gains in the future. However, the value of this crypto could be headed for some major gains going into 2019 and beyond. That’s because it is solving one of the biggest problems in crypto, and that’s ease of access. PundiX wants to make buying cryptocurrencies as convenient as possible. So far, it has made huge strides on this front, as can be seen in the high demand for PundiX’s XPOS devices. For instance, (Dapp) enables Android developers to create Dapps and run them on the XPOS. This will in the long-run play a role in increasing the size of the PundiX blockchain.