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For the past couple of days, there has been an upward trend in the price of BinaryX (BNX). However, the release of the concept art for BinaryX’s upcoming play-to-own, free-to-play, open-world MMO game CyberLand appears to have contributed to the current uptick.
What Caused BNX Price To Rise?
BinaryX, the GameFi system powering the BNB chain’s play-to-earn games CyberChess and CyberDragon, has announced that it is designing a new free-to-play, open-world MMO game named CyberLand.
After a dramatic drop on Tuesday, the announcement has reawakened the BinaryX (BNX), providing the cryptocurrency some push to surge ahead. In the wake of Tuesday’s dramatic market shift, BNX plummeted to a bottom of $139 by Wednesday morning, causing investors widespread anxiety.
BNX began a promising bullish trend almost immediately on Wednesday morning and has kept the price afloat. The news that BinaryX is developing a new World Building MMO seems to have fueled the current run of optimism.
BinaryX Top BNB Project
While first designed as a decentralized derivative trading system, BinaryX is now being used to build a decentralized gaming platform. The platform is currently undergoing a transformation into a GameFi platform, providing IGO services to connect Web2 developers with Web3 users.
With over 100,000 currency owners and 17,000 active wallets on a monthly basis, it is presently among the 10 leading projects on BNB Chain. With a market valuation of approximately $476 million, it is also one of the strongest Metaverse initiatives on BNB Chain.
More on BinaryX
The whole BinaryX system, which comprises the DAO and all businesses and games that use $BNX, is based on the platform cryptocurrency BinaryX ($BNX). Originally, BinaryX was a decentralized platform for trading derivatives.
The company has transitioned from generating centralized video games to becoming a GameFi platform providing IGO services to connect Web2 creators with Web3 users, in light of GameFi’s rising popularity and the growing interest in Metaverse games.
BinaryX offers services like infrastructure backing, DAO governance, and community development to help innovative GameFi projects expand and introduce new ideas to the blockchain gaming space.
What Makes BinaryX Different From Others?
The BinaryX development team’s ultimate goal is to revolutionize the GameFi business. Developing a long-term business plan for their games is a top priority for BinaryX. They want to do this by expanding on the current gaming environment and introducing new, exciting games.
BinaryX has developed the popular BNB Chain games CyberDragon and CyberArena on their GameFi platform.
As of September 2022, you can play CyberChess which is an auto battler strategy game developed by BinaryX and is based on the game Autochess. CyberChess marks the shift from play-to-earn to play-and-earn with its more solid framework, improved playability, and comprehensive mechanism.
BinaryX is now in the process of transitioning into an IGO framework that offers a full range of services to nurture, educate, and inspire budding GameFi creators, which will allow the company to further expand its role as a valuable participant in the GameFi market.
When developers encounter stumbling obstacles on the route to completing their projects, they will appreciate the availability of improved and more specific materials. As of this writing, BinaryX has released its first IGO project, SHIT IGO, and plans to release other IGOs in the future.
Should You Invest In BinaryX Now?
BinaryX (BNX) is losing value due to its singular emphasis on a single game, making it impossible to predict if investing in BNX will yield a satisfactory return on investment. However, it is exclusively usable on the BinaryX (BNX) platform; therefore it is not a global token. With such a weak practical use, investors are staying away from BinaryX (BNX) tokens, causing their price to drop.
As of this writing, the current price of BinaryX is $161.00, reflecting a loss of 6.08% over the past 24 hours and a 24-hour trading volume of $37,083,858. With a current circulating supply of BNX equal to 2,786,206, the live market cap is $448,574,996.
As a result of its potential, investors are also keeping a close eye on Dash 2 Trade, another token now in the spotlight.
The cryptocurrency Dash 2 Trade powers the crypto data network designed to ease the pressures on the trading industry. A total of $5.16 million was successfully raised in less than two weeks during the second round of the D2T presale.
The popular trading signal service Learn 2 Trade’s envisioned platform, Dash 2 Trade, will launch somewhere during the first three months of 2023. To aid in investment decision-making, the platform will supply data driven by the market. Trading is made easier with D2T’s help, thanks to the availability of buy/sell alerts, social data, and overall market research.
Thanks to the notification feature on the Dash 2 Trade platform, users are kept updated on any new listings on the various centralized exchanges, which was once secret information that was previously only available to the most well-connected investors in the business.
Dash 2 Trade’s creators want to make it as successful as Bloomberg for exchanging cryptocurrencies by leveraging the network’s automation and backtesting capabilities, which can assist users in making more informed and profitable transactions.
Now in the third and final round of D2T’s wildly popular presale, it has almost reached its $7 million funding goal for this round. Purchase it today while it’s on sale for the insanely affordable pricing of $0.0513, as there are high chances of the price shooting to the moon by the time the presale ends.
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