PUNDIX Development Looks Different Compared To Other Cryptocurrencies - Kakiforex.com - Financial Market Media No. 1 in the World PUNDIX Development Looks Different Compared To Other Cryptocurrencies PUNDIX Development Looks Different Compared To Other Cryptocurrencies
InstaForex

June 16, 2021

PUNDIX Development Looks Different Compared To Other Cryptocurrencies

 The development of PUNDIX is aimed at changing the concept of retail business with blockchain -based sales solutions. The solution allows merchants and retail consumers to conduct payment transactions on the PUNDIX platform.


Developed in 2017 and launched (ICO) in January 2018 as the world’s first sales method solution founded by Zac Cheah and Pitt Huang.


PUNDIX has also created blockchain payment ecosystems such as XPOS, XPASS and XWallet as well as developed the world’s first blockchain phone known as BOB.


While other crypto projects are more focused on the banking system, PUNDIX appears differently to be a project to facilitate physical payment transactions in every retail business.


This can be seen by using XPOS, merchants and consumers can make purchases, sales and can use digital assets as a median of payment. The product ecosystem is also designed to accept various cryptocurrencies such as Bitcoin, Ethereum and so on.


But PUNDIX brought grief to most investors during the latest market opening on April 9 as many investors expected the price of PUNDIX to soar higher after the exchange.


This is because on March 30, PUNDIX stopped its trading to implement a name change and supply volume in the market from NPXS to PUNDIX which was re -traded on April 9.


But the excitement slipped away when the PUNDIX price only made a slight increase at the April 9 market opening before making a drastic decline to create the latest support level around $ 1.14- $ 1.34.



Looking from a technical point of view on the PUNDIX/USDT chart,


The PUNDIX price movement continues to move slowly around $ 1.30 where the price is still waiting for positive sentiment to support the price surge.


The next expectation, it is likely that the price will head back to the level of SBR (support become resistance) around $ 2 to break.


If the price movement manages to break the SBR level of $ 2, the price is expected to make a higher jump to the next SBR level around $ 2.80- $ 3.


If the surge is achieved, it will definitely give new hope to investors that the PUNDIX price movement will make a trend change to a bullish trend.


However, if the price movement continues to decline, the support level around $ 1.14- $ 1.34 will be broken for the price to reach the latest low of the 2021 market.


As of 11.00 am local time, the price of PUNDIX made a jump of about 1% to trade at the $ 1.30 price level.