From $2 to $40, we have done a comprehensive deduction
On May 15, 2025, the Web3 chain game (MapleStory N), created by South Korean gaming giant Nexon and adapted from the globally popular MMORPG (MapleStory), officially launched.
This is not only a revival of a classic IP, but also a formal declaration of war by top companies in the gaming industry against Web3.
And the core asset of this battle is the token $NXPC.
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What is Nxpc?
$NXPC is the sovereign currency in the MapleStory Universe, connecting all core aspects of the on-chain economy. From the minting of item equipment into NFTs to player DAO governance participation and profit sharing, $NXPC is the value anchor of the entire ecosystem.
In simple terms, it is not just a game token, but the entire value expression of the MapleStory on-chain world.
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So the question arises: $NXPC how much can it rise to at most?
We deduce from two dimensions: one is benchmarking the current market capitalization of leading GameFi projects, and the other is benchmarking their historical peak market capitalizations during bull market peaks.
In the current market, projects like Gala Games, Sandbox, and Decentraland mostly have market capitalizations in the range of $500 to $700 million. If NXPC can reach a similar height, the corresponding price would be around $2 to $4.
During the most frenzied bull market period of the GameFi sector from 2021 to 2022, the market capitalizations of these projects reached:
Sandbox approximately $6.9 billion
Gala exceeds $7 billion
Decentraland close to $4.7 billion
Axie Infinity exceeds $2.6 billion
If NXPC can one day reach a similar peak, the corresponding price range will be $15, $27, or even challenge the $40 mark.
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What are the variables that determine whether it can take off?
First, the level of the exchanges where it goes live. If it can launch on top CEXs like Binance and OKX, it will directly bring in tens of billions of dollars in liquidity expectations; conversely, if it only starts cold on-chain, the trend will be steeper but also more prone to a sharp rebound.
Second, are Web2 players willing to migrate to on-chain? This is Nexon’s true challenge. A Web3 game disguised as a Web2 game lacks soul; only by combining the nostalgia, economy, and on-chain assets of MapleStory can a new GameFi narrative be created.
Third, is the economic model of $NXPC healthy enough? Current exposed information shows that it has mechanisms such as deflation, staking, and transaction fee buybacks. If it can continue to operate, it is expected to support medium to long-term value.
Fourth, has the entire GameFi sector entered a rotation? From the end of 2024 to now, the market has rotated from Meme, AI, L2, Restaking to GameFi, and the theme of chain games has been heating up. (MapleStory N) has just hit this wave of the cycle.
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So, which range will you bet on?
Should you stealthily invest around $0.5 to $1 and wait for it to take off?
Should we enter the market in the fair valuation area of $2 to $4 and bet on a bull market explosion?
Or perhaps you will wait for ecological data to come out and the on-chain trading heat to be confirmed before considering chasing the price?
This time, it is no longer a chain game in a laboratory, but a real hundred billion-level Web2 gaming company firing the first shot on-chain.
Are you ready to start your own MapleStory?
