#NAVX Many people may not have heard of this token, mainly because it is not listed on the top trading platform, and the second-tier platform has been online for 7 months. NAVX is one of the largest lending platforms on the SUI public chain, and its current total lending value has reached 300 million US dollars, which is twice the second-ranked one. This result reflects the growing popularity of the NAVX protocol among users and its effectiveness in the lending market. The increase in the total lending value reflects investors' confidence in the NAVX ecosystem.
At the same time, from the daily K-line pattern, we can see that NAVX is proactive and continuous. Its price has formed a staged bottom since September 1st, and the price has formed support near 0.050 and has not fallen further. During this period, Bitcoin was still testing downward on September 5th, 6th, and 7th. The whole process did not continue to lower the price of NAVX. It can be seen that its market selling pressure is very scarce, and its active acceptance ability is strong, and there is a continuous absorption of chips. Then, NAVX took the initiative to attack on the daily line. The current price has achieved a nearly 100% increase from the bottom of 0.050 to 0.093. The daily line pattern is also in the middle of the bullish rise. Its upward attack is swift, and its willingness to actively rise is strong. It is not affected by the retracement of the big cake. It can be concluded that the dealer's intervention is sufficient.
The current rising channel of the four-hour line remains very healthy, and the relay retracement is supported by MA 30. The current corresponding price is 0.760. Xunzhang believes that due to the rapid price increase of the SUI public chain and its strength in public chain competitiveness, it can continue to drive the development of the NAVX lending protocol.
At present, the hype of SOL public chain is coming to an end. A new market hotspot is needed next. Sui has the technical potential to compete with Solana, citing its theoretical maximum transaction processing speed of 297,000 transactions per second (TPS), while Solana is 65,000 TPS. An important development for Sui is the upcoming launch of USDC on the network, which was announced by stablecoin issuer Circle on September 17. The integration shows that the industry's support for Sui is growing, which may help drive further adoption of the platform.
The NAVX protocol is in the leading position in the SUI public chain, with excellent performance. It is almost inevitable that it will be included and recognized by the major platforms. As we know, once it is listed on the top trading platform, its price will also rise, and the profit from speculation will be huge. NAVX was launched on February 7 this year, and later reached a historical high of 0.42 on March 29, and then continued to slide downward after following the peak trend of Bitcoin.
For such a currency, Xunzhang believes that early investors have been fully released in the process of currency listing and rising, and the decline is obvious. It has stayed in the bottom range of 0.050 to 0.060 for two months, and the main chips have been fully absorbed. The current circulating market value is only 19 million US dollars, which is a small plate. The difficulty of rising is low, and it still has a large growth momentum in the later period. Combining the above factors, Xunzhang judges that the probability of NAVX listing on the top exchange is very high, and it is suitable for medium and long-term holding. It is expected to be launched on the top platform within the year.
In terms of operation, it is recommended to buy and hold at 0.085-0.090, and boldly increase positions if it is below 0.075. The medium-term target is 0.140, and the medium- and long-term target is above 0.20.
A must-read for coin lovers: Because this round of bull market is different from the past, the direction changes quickly, and the speed and amplitude of the currency rise vary greatly. For coin lovers who want to catch a big increase, pay attention to the medal in time to help you stand at a high position and pursue the wealth of the cryptocurrency circle from a professional perspective.