Pundi X Price Prediction 2022: Market Analysis and Opinions
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How does the surge in cryptocurrency adoption affect Pundi X price prediction 2022? Three things dominate investor sentiments and market attitude towards Pundi X price – market
By Shantun Parmar
Table of Contents
How does the surge in cryptocurrency adoption affect Pundi X price prediction 2022? Three things dominate investor sentiments and market attitude towards Pundi X price – market value, market share, and risk factor. It’s the facilitation of these where PUNDIX price prediction can be made.
Pundi x coin reported prices that missed analyst price predictions for the better part of 2021 amid slowing market growth for the blockchain-based PoS system. The world has embraced cryptos: will Pundi X thrive in 2022? Is Pundi X (PUNDIX) a good investment in 2022?
Pundi X Price Prediction | Introduction
At the time of writing this Pundi X price prediction, the PUNDIX coin was trading at $1.14, according to CoinMarketCap. The market value of this startup was over $294 million, fully diluted to $294 million as well.
There are many reasons why these figures matter. As a rule, the higher the coin price is, the rosier the cryptocurrency prospects become for investors. In PUNDIX’s case, this coin is simply pure gold. The market cap points to a healthy startup, and expectations are high going into 2022.
Pundi X is building a product – XPOS – to leverage the power of blockchain to stabilize payment ecosystems against hyperinflation. These PoS devices are already live in more than 30 markets globally, and demand for more remains through the roof.
Pundi X Price Prediction: Technical Analysis
Let’s explore the technical analysis by first exploring the monthly timeframe to identify the short to long-term PUNDIX coin price action trends.
PUNDIX has been consolidating in an increasingly tight range for more than six months. However, bullish actors are seemingly crawling back into the PUNDIXUSD market, suggesting an appetite for bullish Pundi X price prediction and an increase in the market value of the coin.
The crypto has produced at least four lower lows and five lower highs since April, indicating a steady downtrend. However, after the June 22nd swing low at $0.60 and the confirmation of the support level at $1.044 on 29th November, the tide is turning for PUNDIX.
Starting with higher lows, PUNDIX has been showcased a slow shift in favor of the bulls. Even though the coin is yet to deliver higher highs, PUNDIX price is likely to produce candlesticks above $1.70 to solidify a bullish stance for the coin.
Such a development will confirm a bullish Pundi X price regime and likely propel PUNDIX to retest $3.33 and $3.80. In total, this run-up would constitute a 100% ascent from $1.5. Supporting the bullish assault on Pundi X coin is the RSI showcase higher high values.
The next hurdle exists at $1.70 and extends from $2.10 to $2.25. This level coincides with the neutral line on the RSI indicator from a technical perspective. While bullish, the run-up for PUNDIX will not be a walk in the park because this resistance level dates back to June 2021.
Further suggesting why an uptrend is likely before the end of January 2022, the RSI suggests that most short-term holders resolved to take the loss. Interestingly, the long-term holders accumulated more coins around these levels, hinting at a potential bullish Pundi X coin bullish outlook.
Although many analysts make long-term Pundi X price prediction narratives, they are still approximate and subject to multiple variables, including the state of the market. As PUNDIX is one of the most volatile crypto assets in the market, it is hard to pinpoint a PUNDIX price prediction.
For a well-thought after investment strategy, it is always better to apply fundamental and technical analysis against these price predictions and review projections frequently. Here are the prominent Pundi X predictions over different trading timeframes.
Pundi X Price Forecast for January – February
TradingBeast Pundi X price forecast for January – February is $1.16 to $1.78. It predicts that PUNDIX will fail to form a higher high above the resistance level. This outlook will come hot on the heels of a buying opportunity followed by profit-taking as skepticism gets the most of investors.
CoinArbitrage prediction eyes an average performance of $1.67 after the crypto bounces off resistance. This bearish case of Pundi X crypto confirms the crucial resistance level at $1.70 should sound all the alarms for those looking for long-term PUNDIX gains.
Pundi X Price Forecast for the Rest of the Year
PricePrediction Pundi X price prediction for the rest of the year shows the bears and bulls will remain in conflict as PUNDIX tries to establish a directional bias. The predict eyes an average Pundi x crypto price of $1.61 for the rest of the year.
Gov.Capital says for the rest of the year determines PUNDIX lacks momentum. This prediction shows the likelihood of another record-setting run in 2022 is not possible. It outlines an average price of $1.83 as bulls fight on slippery ground.
Pundi X Price Forecast for the Next Year
WalletInvestor Pundi X price forecast for the next year proposes that the crypto is offering up a buying opportunity before PUNDIX rallies 100% within a year. The Pundi X crypto price prediction for the next year is $2.55.
DigitalCoin Pundi X price prediction for the next year projects PUNDIX could remain subject to the six-month-old hurdle even in the presence of a buy window in 2021. The forecast determines Pundi X coin is bound for profit-taking that could limit prices to $1.75.
Cryptocurrency Experts and Influencers
Given the scale of the project, it is no wonder that Pundi X crypto prices have caught the eye of industry experts and influences. Beardedalts Pundi X price prediction eyes profit-taking at 23.6% level. The forecast is pillared on its ability to break the triangle pattern on the technical.
Amaghu Collins is clearly bullish going into 2022. The cryptocurrency trading influencer delivers a bullish stance that projects a Pundi X prediction from early 2021 that is still in play as PUNDIX could hit $6 at the end of this short recalibration period.
Latest News and Happenings Concerning Pundi X
It’s been four years since Pundi X launched with a mission to change how the world interacts with cryptocurrencies, and the platform has made it easy as buying a bottle of coke. By 2021, Pundi X has rolled out XPOS, XWallet, and XPass to over 30 countries.
Pundi X products currently offer support to leading industry brands such as VeriFone, Ingenico, PAS, and more. The startup launches its Pundi X Chain, which will deliver high throughput, reduce latency, and make cheaper transactions possible.
The plan is to migrate PUNDIX crypto from ERC20 to its native chain. This milestone will set the tone for future advancement and expansion of the ecosystem to bring more brick and mortar merchants on board the blockchain bandwagon.
What Pundi X Is?
Pundi X is an initiative that seeks to facilitate financial inclusion by delivering a borderless payment network beyond fiat-based systems. The startup works to make digital currencies accessible to more people.
What Is the Future of Pundi X?
If successful, Pundi X could become the gateway for millions of users to the digital currency world. The startup will expand its operations to encompass every country from all corners of the world and realize a truly borderless ecosystem for digital currency adoption.
How Much Will Pundi X Be Worth?
Price predictions vary, but some analysts believe PUNDIX could be valued at as much as $10 by 2030 if it succeeds in its mission. For 2022, the predictions vary, but the common theme is PUNDIX is poised to experience increased valuation.
Pundi X Price Prediction: Verdict
The median Pundi X price prediction shows PUNDIX is a solid buy for 2022. PUNDIX coin has showcased exemplary price action throughout 2021. In 2022, PUNDIX price predictions vary from $1.16 to 2.55. This token might be the next cryptocurrency to explode in 2022.
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