Elon Musk, the owner of X, recently made a post that unexpectedly caused the price of a lesser-known cryptocurrency called non-playable coin (NPC) to surge by over 32%. The post featured a video by popular reporter and influencer Mario Nawfal discussing NPC and its unique qualities compared to other meme coins.
Following Musk’s post, the price of NPC experienced a significant spike of 32.1%, bringing its market cap to an impressive $195 million within hours. This surge in price has also resulted in NPC outperforming various other timeframes. The current price of NPC reflects a substantial 67% increase over the past seven days and a 21% rise over two weeks, although it still remains below its all-time high price of $0.03003 from June 23.
In addition to its price increase, NPC is now surpassing the overall performance of the global cryptocurrency market, which has seen an 11% increase according to CoinGecko. The cryptocurrency is also outperforming similar coins on the Ethereum network, which have shown an average improvement of about 12%.
NPC is unique as it is an NFT-meme hybrid inspired by the non-playable character meme. It can be traded as either a non-fungible token or a meme coin, with each NPC token being supported by an NFT of the NPC meme. The coin is available for trading on Ethereum through Uniswap and on Coinbase’s layer-2 network, Base, with a total supply of 8,050,126,520 NPC tokens that were all in circulation at launch.
The increase in NPC’s price was accompanied by a corresponding rise in its 24-hour trading volume, which surged by 55% to $7,464,829. This sudden interest and investment in NPC signify a growing appeal and potential for the cryptocurrency within the market.
As more attention is drawn to NPC and its unique characteristics, it will be interesting to see how the cryptocurrency continues to perform and evolve in the ever-changing landscape of digital assets and investments. Investors and enthusiasts alike are closely monitoring the developments surrounding NPC to gauge its future prospects and potential impact on the broader cryptocurrency market.