After getting listed on the major exchanges, MapleStory’s blockchain game governance token, NXPC, has experienced an impressive rally. This week, the token surged over $3, according to CoinMarketCap.
However, the token failed to sustain this gain. At the time of publication, NXPC is trading around $1.90 with a 4.4% hike.
NXPC Fuels From Bitcoin’s Rally
After observing the potential and growing demand, many major exchanges like Binance, KuCoin, Byit, Bitget, and others listed the NXPC token on their platforms. It has increased NXPC’s accessibility and attracted a larger pool of investors.
NXPC is the governance token of the MapleStory Universe. Its integration with NFTs and cross-application asset utilization has drawn the attention of both gamers and investors.
Growing whale activities on the network, which whale reportedly turned $1.75 million into $4.8 million within hours by trading NXPC, helped the crypto gaming project gain visibility among investors.
Furthermore, Binance also announced an exclusive airdrop for eligible users. This move has enticed many users.
The surge comes amid the rally in the major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). On May 21, Bitcoin just broke a crucial resistance mark at $109,000 with a 4% surge in the last 24 hours.
On the other hand, the second biggest cryptocurrency, Ethereum (ETH), also rose above $2,500 after the pectra upgrade on May 7.
According to experts, the cryptocurrency market is benefiting from growing risk appetite after recovering from the previous month’s global tariff war. Furthermore, the latest developments like New Hampshire becoming the first US state to establish a Strategic Bitcoin Reserve and pre-crypto stance under the U.S. president Donald Trump’s leadership have boosted investors’ confidence in the crypto market.
The surge in the NXPC token amid the current bull run recalls the memory of the previous bull run in 2021-2022, where similar gaming projects like Gala Games and The Sandbox reached valuations of $6.9–7.0 billion. However, these projects failed to meet expectations, and their hype faded after the bull run ended.
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