Why NXPC Token Price Surged More Than 100% Today?

The post Why NXPC Token Price Surged More Than 100% Today? appeared first on Coinpedia Fintech News

The recently launched NXPC token has taken the crypto market by storm, with its price soaring in a matter of hours. With major exchange listings like Binance and a massive surge in value, it’s catching the eye of traders everywhere.

What is NXPC?

NXPC is the official token of the MapleStory Universe, a Layer 1 blockchain ecosystem built around the popular MapleStory IP. The token features an innovative Reward Experience system, allowing players to exchange NXPC tokens with NFTs. Notably, it supports cross-application asset use, expanding its functionality across the ecosystem.

Binance Lists NXPC – Airdrop Program to Follow!

NXPC has been listed on Binance, one of the most prominent cryptocurrency exchanges. Binance has announced it will distribute NXPC tokens through its HODLer Airdrops program, with at least 3% of the total circulating supply to be airdropped. In addition to Binance, Bybit and Bitget are expected to list NXPC soon.

The Binance listing allows users to trade NXPC against popular cryptocurrencies, including USDT, USDC, and even Turkish Lira.

Whale Profits $3 Million in NXPC Trade – Unrealized Gains!

A crypto whale has sent shockwaves through the market by turning $1.75 million into $4.8 million within just two hours. Since its launch, NXPC has surged by at least 27.44%, with a remarkable 25.39% spike in the first few hours.

While the sentiment remains bullish due to airdrops and exchange listings, the technical indicators point to a potential short-term reversal as momentum cools and price volatility spikes.

According to whale tracking platform Lookonchain, the investor made an unrealized profit of $3 million in just hours after NXPC’s launch. The trader purchased at least 1.28 million NXPC tokens at an average price of $1.37, with the current price of NXPC standing at $3.50.

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NXPC Price Analysis

RSI (1-minute): 37.06
20-SMA: $3.4718
MACD: -0.0964 (current), -0.0683 (signal line)

At its peak, NXPC hit $3.8657, but it’s currently trading 16.91% below this value. Experts caution that while the current rise looks promising, it might be followed by a sharp correction.

Final Thoughts – Will NXPC Continue Its Bullish Momentum?

With its strong start and major exchange listings, NXPC has gained a lot of attention. However, traders should stay cautious as technical indicators suggest the possibility of a price correction in the near term.