BinaryX, a new cryptocurrency created by the developers of popular game CryptoKitties, has shot up in value over 90% in just one day. It’s currently trading at $0.05 USD per BNX.
- BinaryX (BNX) has risen by 90% in the past 24 hours.
- Binance Smart CHain and Ethereum are used to create the platform.
- The game token for BinaryX Cyber Dragon has been released.
While some early investors remain committed to crypto-assets, the technology has progressed in terms of innovation and growth. Apart from crypto-assets, gaming tokens are gaining popularity. In our thoughts, Axie Infinity is the most well-known gaming token, and as a consequence, a slew of new gaming tokens have flooded the market.
In the crypto sector, DeFi and NFTs, on the other hand, are game-changers. They’ve received a lot of attention, and their security features are top-of-mind. Images, movies, and artwork are among the many forms accessible for NFTs. Even game characters and goods are available as NFTs, enticing investors. This play-to-earn idea has captivated many consumers, and gaming tokens are quickly becoming the industry’s rage.
BinaryX is a Binance Smart Chain and Ethereum-based decentralized derivatives contract. Users can trade binary options with ease thanks to BinaryX’s enhanced Automated Market Maker (AMM) technology.
Situation on the Market Right Now
The current price of BNX is $23.20 at the time of writing, with a 24-hour trading volume of $6,919,987. BNX has risen 91.68 percent in a day, according to Coinmarkercap, and is now ranked 639th. Furthermore, there are now 1,335,426 BNX coins in circulation.
BinaryX Trading Chart
The graphic shows BinaryX’s bullish trend (BNX). Within a day, the price of BNX has risen from $16.62 to $23.20. Significantly, BNX hit an all-time high of $23.20 on August 25. The price of BNX has increased by nearly 380 percent in the last seven days, from $45.3 to $23.20.
BinaryX has released its game token.
The game tokens are built on the ‘Play-to-Gain’ principle, which means that users or gamers may use the tokens to play the game and earn prizes. On Pancakeswap, BinaryX Cyber Dragon has listed its gaming token $Gold. Users may now start mining and playing games to earn DeFi goods.
Binary released its game-token on August 25 and it is currently accessible on the Pancakeswap exchange, according to latest updates. This may be the cause for BNX’s price increase, since the idea of play-to-earn appeals to gamers. The rise, however, has reached a tipping point for BNX customers. As the system develops, users may anticipate additional price hikes. If the current trend continues, BNX users will be rewarded handsomely in the not-too-distant future.