The governance token of MapleStory Universe, NXPC, rapidly increased its price after being listed on major exchanges, stimulating the cryptocurrency market due to the airdrop effect.
The NXPC token, listed on leading cryptocurrency exchanges such as Binance, ..bit, and ..humb, quickly gained value after its listing, surpassing the critical level of 3 dollars. This rapid rise brought the fully diluted market value (FDV) of the token to 3 billion dollars. A key role in this sudden price increase was played by generous airdrop campaigns distributed to users on the Binance Alpha platform, reaching up to 600 dollars for a single user.
The rapid success achieved by NXPC has allowed it to surpass popular blockchain game projects like Axie Infinity and Mobox. Analysts suggest that if NXPC reaches the valuations of leading projects in the industry like Gala Games and The Sandbox during their peak periods, the price of NXPC could theoretically be between 15 and 40 dollars. However, due to MapleStory Universe still being in beta phase, there are uncertainties regarding the project's long-term sustainability and economic stability.
One of the main factors that rapidly increased the price of NXPC is the short-term speculative market movements. Negative funding rates on Binance indicate that those opening short positions are under pressure and are driving the price upwards. The high trading volume on exchanges based in South Korea has greatly contributed to the value increase of NXPC.
The long-term success of the token will depend on the sustainability of the in-game NFT and content creation ecosystem and the continuous engagement of players. This is considered a significant factor that will directly impact the long-term value of NXPC.