š° GameFi Token PIXEL Surges 10x On Binance Listing ā Is the Hype Over?
š“ PIXEL to its Launchpool, making the project the 46th one on the platform, on February 8, 2024. PIXEL, a social Web3 game on the Ronin network, will be available for users to earn through stakingĀ BNBĀ and FDUSD in designated pools starting on February 9, 2024.
This move saw PIXELās value surge by 1,000%, indicating a strong market response. The token was hovering around $0.00055 and spiked to $0.0065 at its peak. However, it fell to $0.002 and was, at the time of writing (February 8 2024) was traded at $0.0043.
Was this only the reaction to the listing, or was it foreshadowing more gains?
Pixels is a web-based open-worldĀ NFTĀ game that blends farming, adventure, and pixel art
The Pixels project has transitioned from the Polygon blockchain toĀ Ronin, which Sky Mavis, the creator ofĀ Axie Infinity, developed. This move has proven beneficial, as Pixels now boasts over 100,000 daily players due to the switch.
PIXEL token is an in-game cryptocurrency initially distributed by an airdrop for the users who played the game from January 19, 2024.
PIXEL Price Analysis
Upon its market release, the price of PIXEL started a downtrend. From its starting price of $1.38 in November 2021, it fell by 99.99% to a low of $0.0.00017 in November 2022. It started a long-lasting consolidation phase, forming a horizontal zone between $0.00017 and $0.00070.
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