Binance đȘ, the leading cryptocurrency exchange by trading volume, has announced the inclusion of PIXEL as the 46th project in its Launchpool. In a blog post today, February 8, 2024, the exchange described PIXEL as a Web3 social game built on the RONIN network.
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According to Binance, the PIXEL Launchpool listing would allow users to stake their BNB and FDUSD in separate pools to farm PIXEL tokens for ten days. He also noted that farming would begin early on Friday, February 9, 2024.
Following the announcement, PIXEL launched a resurgence and broke the range it traded for several months. Just five hours later, the GameFi token gained 315% in a rally that may be beginning, according to data from TradingView.
On February 5, Binance announced the listing of RONIN, an EVM blockchain designed for developers creating games with player-owned economies. It is a GameFi-leaning blockchain and the platform that hosts the PIXEL blockchain gaming project.
The listing of RONIN on Binance caused an immediate surge in the token's value, resulting in a 35% gain on the first day of trading, according to TradingView. However, the cryptocurrency token retreated from a high of $3.29 and was trading at $2.64 at the time of writing after bouncing from a low of $2.49.
Recent activities around RONIN and PIXEL, as well as their respective price actions, reflect a return of interest in the GameFi ecosystem. Binance noted that it would activate trading of the RONIN/BTC, RONIN/USDT, RONIN/FDUSD, and RONIN/TRY pairs. The cryptocurrency exchange also enabled RONIN depositing on its platform, with withdrawals activated the next day, February 6.
