Here's an analysis of $PIXEL
Asked by the followers
Pixels is an immersive blockchain-based farming and exploration game.
TECHNICALS:
- Forming a falling wedge pattern
- Fresh Coin, No support Level
FUNDAMENTALS:
- Funds & Backers:
Backed by Big VC's (Animoco Brands & +21).
Tier 2,3,4 VC's & Angel Investors are backers.
Raised $4.80M before Listing.
- Supply & token unlock:
5 Billion Max Supply & 771M (15.4%) Circulating.
1.07% of total supply unlocks every month.
- Twitter Score
The score is Excellent (Photo is attached for the reference).
Followed by big names & Upper Tier VC's.
- Game and Finance Combo:
PIXELS combines gaming with decentralized finance (DeFi),
allowing players to earn cryptocurrency by playing.
Players can farm, craft, and trade to earn rewards.
- NFTs for Ownership:
In-game items like characters and land are represented as non-fungible tokens (NFTs).
This means players truly own these digital assets and can buy, sell, or trade them.
- Blockchain Economy:
The game operates on blockchain technology, ensuring secure and transparent transactions.
Players use tokens for in-game activities and transactions.
- Community Involvement:
The project encourages players to participate in game development and decision-making.
Players can vote on changes and contribute ideas through a decentralized governance system.
- Metaverse Expansion:
PIXELS aims to create a virtual world where players can explore, socialize, and create content.
CONCLUSION:
- The Fundamentals are strong & Tecnicals are looking weak right now
- Followed & backed by big names
- I will suggest not to scalp or swing trade on it
- If you have patience of holding, You can buy it for a Long
term, but not now.
- Only buy when market recovers & any bullish news appear!
- Gamefi sector is still undervalued.
- Lastly, DYOR before buying!
- NFA
