$NXPC

NXPC is hovering around $2.66! Can it still be bought?

Since going live on Binance yesterday afternoon, NXPC has maintained high popularity, attracting a lot of attention.

Today, let's talk about NXPC. Many may not know that NXPC is the core token of MSU, which is a blockchain project under South Korean gaming giant Nexon.

As a globally recognized game developer, Nexon's representative work 'MapleStory' has over 20 years of operation history and a large global player base.

In 2023, Nexon invested $100 million in MSU, showing strong confidence in the blockchain + gaming ecosystem. The MSU development team consists of Nexon's internal blockchain department and external technical experts, focusing on Layer 1 network construction and NFT ecosystem integration. NXPC is not only the governance token of MSU but also serves as a bridge for NFT exchanges and as an asset for in-game transaction gas fees, with diverse functions.

Many players have probably started playing MapleStory to earn NXPC tokens these days!

NXPC's token also went live on Binance yesterday afternoon! It surged from an opening price of $2.13 to $3.64! However, due to excessive airdrop acquisition in the early stages, the market was forced down to around $2.6 after the market makers' negative funding rate failed to support the price, and it is currently in a sideways state!

NXPC currently has a market capitalization of $448 million, which is rare for a token to have such a large market cap upon launch, ranking 115-132 on CoinMarketCap. The total supply is 1 billion tokens, with an initial circulation of about 169 million tokens (16.9%). The fully diluted valuation (FDV) reaches $3.2 billion, indicating that the market is relatively optimistic about its long-term potential.

Looking at the price chart:

Currently, NXPC is hovering around $2.6, and from a smaller scale, the support at this position is relatively strong. However, the overall market is still in a fluctuating range, and no clear direction has emerged yet. In the short term, it is still not advisable for players to rush into the market, especially with a market cap of $448 million and only 135 million in holdings, which is not enough to support a significant price increase. Given the overall market instability, it is recommended that players patiently wait until a clear direction emerges before considering entry.

Going forward, we will continue to monitor the overall market and NXPC's direction, and will notify everyone as soon as there are suitable entry points! Everyone can follow us for the latest market dynamics and daily updates on valuable insights!