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Pundi X (NPXS) is a relatively lesser-known cryptocurrency. However, today when all the other cryptocurrencies and Altcoins are bleeding, it is in the top 10. Most of the investors do not know what Pundi X (NPXS) has on offer. That is why they are not able to decipher the reasons behind this gain either. We will now shed some light on the outperformance and help you understand why it is gaining.

Why is Pundi X (NPXS) the best cryptocurrency performer today?

The aim of Pundi X (NPXS) is to allow users to spend their cryptocurrency Holdings with the help of their smartphones. As a result, they can easily make POS transactions with the cryptocurrency they hold. Moreover, it plans are not just limiting itself to a few cryptocurrencies but a wide basket of cryptocurrencies. It will mean that without changing your cryptocurrency from one to another, you can easily spend it with the help of your smartphone. It is an ambitious goal, but Pundi X is moving towards that direction.

In the past 24 hours, it has risen by 8.31%. While the gain might not seem much but when you take into account the fact that most of the other Altcoins and cryptocurrencies are in the red, it is actually the top performer. It is currently trading around $ 0.0006. That is why it is certainly gaining the limelight today when the other cryptocurrencies are suffering heavily.

As we were discussing the offerings of Pundi X (NPXS), you will be glad to know that in the year 2018, it launched its smartphone. It was syndicated with blockchain technology. As a result, spending your cryptocurrency Holdings became simple with the help of that smartphone. While the development team trying to increase the usage of that smartphone and also integrate the technology on offer with various other smartphones but the traction has been pretty limited.

When you look at the reaction of the cryptocurrency markets, it has been stellar. In the last seven days, the market cap of Pundi X (NPXS) has risen from $ 78 million all the way up to $ 108 million today. Thus, the market is anticipating that the technology which it is trying to promote will surely gain more traction in the future.

It remains to be seen whether the development team is actually able to increase the number of transactions done through its technology. If it can do that, it can surely gain much more.