Binance Listing backfires , Pundi X token $NPXS gets dumped hard.
Once not too long ago a listing on Binance exchange resulted in a nice price boost. It seems like those days are gone. The crypto world spins fast and a listing in this market spelled doom for the Pundi X $NPXS token.
Immediately after trading was announced the price plummeted from $.013 to $.006 and continued its downward spiral, following the same path as its other cheap buddy Bytecoin $BCN, but without the initial pump.
No longer Binance is a place for a guranteed price boost. In this type of market it can backfire spectacularly, like it did in this case. Which is a shame, because $NPXS is a token with an actual product behind it and a very bright future ahead.
Just recently David Ben Kay, Pundi X Chief Legal Counsel. has met with CZ him self , among other notable people in crypto to show them the XPOS device which will let retailers accept crypto currencies directly.