$BNX
BinaryX initially focused on decentralized derivatives, later shifted to GameFi and blockchain game IGO platforms, especially after the success of 'Cyber Dragon.' Despite experiencing a bubble in blockchain games, liquidity was improved through token splitting.
Market Cap: 188M
Currently, BNX's market cap is not high; the coin price has been falling for 7 consecutive weeks, with the decline accompanied by an increase in trading volume. However, the coin price and trading volume have diverged significantly, and it has returned to the upper range of the previous consolidation zone, with the washout being quite thorough.
From a risk-reward perspective, it has reached a support range, with a maximum decline of 20%, and doubling upwards seems relatively easy.
In terms of sectors, there haven't been many dark horses emerging in GameFi this year, but I’ve noticed that many people are still committed to playing GameFi, and many new games are being released. Overall, GameFi is a sector with decent cost-performance that is worth watching.
$BNX I have currently established a small portion of my position; fluctuations are likely to be larger this week. I will continue to monitor and adjust my position as needed.
