I just entered a small position in $NXPC, simply recording my thoughts for reference📒:
There are three reasons for buying:
1️⃣ The airdrop is basically over, and there are only a little over a million coins left circulating in the market, with initial selling pressure released.
2️⃣ The earnings from mining are disappointing; I heard that now it's even better to serve plates at Pizza Hut 🍕😂, which is actually a positive for the coin price since no one wants to sell off.
3️⃣ It seems to hold around 2.5, and there have been funds supporting it during previous dips, this position feels pretty solid, so I'm betting on a short-term stabilization and rebound.
I'm entering with a light position, and I’ll see whether to add more later. 🫡
With projects like this in the blockchain gaming trend, once the logic is clear, it can really take off, but of course, one must also be wary of a reversal in momentum. #NXPC