In this article I analyzed the project, the investors, the tokenomics, and wich price could it reach.
What is $PIXEL ?
Pixels (PIXEL) is a social casual web3 game powered by the Ronin Network, It involves a mesmerizing open-world game that revolves around farming, exploration, and creation.
So we can coclude that PIXEL is gamefi project, now the gaming world in crypto is being very popular what is a good point for this project, so I will compare it with some older and bigger gamefi projects like $IMX .
Now let's talk about the investors!
PIXEL have one TIER 1, four TIER 2 and one TIER 3 investors, what is a good statistic.
Also I wanted to mention how much Dollars was invested in this project, but the only information I found is the price they biught the tokens in private sales.
Private Sale 1: 0.005$ per coin, already with 107x ROI;
Private sale 2: 0.009$ per coin, already with 59x ROI;
Private Sale 3: 0.012$ per coin, already with with 44x ROI
That the only information I found about tha fundraising. With this information we can conclude that the investors still have small ROI. Because when TIER 1 and TIER 2 investors put money in any project they want to have good gains, over 300x or 500x ROI if it is possible.
Now let's tlak about the tokenomics!!!
The total supply of PIXEL is 5 Billion coins. Now are unlocked 15.42%(771 Million tokens) of total supply, with a $409Million market cap.
Now if we compare with another gamefi like the IMX, which now have $4.2 Billion market cap and almost reached $2 Billion market cap on the last Bullrun, we can suppose that PIXEL will reach $2Billion market cap or even more because in this year tha gamefi projects have drew attention from the all crypto community. So if Pixel reach $2 Billion Market cap it will costs 2.5$ per coin with a 5x ROI if you buy in the 0.5$ price. But if it reach $4Billion market cap it will cost almost 5$ per one coin, having almost x10 ROI if you buy with a 0.5$ price.
The investors had bought 14%(700.00ย M) of total emission. Also they will start having unlocks in March 2025 untill February 2028. So we can coclude that the investors will not have interest to pump and manipulate this token on this Bullrun. So probably it will reach $2Billion market cap or a little bit more.
What is the best price to buy?
Now PIXEL is trading with 0.57$ price, as the coin was listed not to much time ago, we can only see one support line at 0.495$.
Remember, never buy on highs and never sell on lows, so wait to the price go down to 0.5$ or below and buy.
So what price to expect?
I am expecting it to reach 2.5$ or 3$ on this Bullrun due to the facts I mentioned before, so I am selling it with 2.3$ price and 2.5$.
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Always do your own research(DYOR)
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#Write2Earn #PIXEL! #PIXEL/USDT
