PIXEL

Pixels

Launchpool

Ronin

Blockchain-based farming and social game Pixels launched its PIXEL token this Monday, seeing a notable increase in value after its debut. 
Following a series of play-to-airdrop campaigns and a Binance Launchpool rewards program, the token has seen a noteworthy increase in value, with a 22.7% rise on its debut day, according to <a href="https://www.coingecko.com/en/coins/pixels" data-type="link" data-id="https://www.coingecko.com/en/coins/pixels" target="_blank" rel="noopener">CoinGecko data</a>. 
Based on its circulating supply, the PIXEL token is trading at over $0.58, propelling its market capitalization to $441 million. This valuation places PIXEL among the top 200 <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/">cryptocurrencies</a> in terms of market value. Approximately 771 million PIXEL tokens are circulated from a total supply of five billion, indicating a potential fully diluted valuation exceeding $2.8 billion. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="747" src="https://crypto.news/app/uploads/2024/02/chart-9-1024x747.png" alt="PIXEL launches with $441m market cap, Ronin gamers receive airdrop tokens - 34" class="wp-image-14250355">
 <figcaption class="wp-element-caption">
 PIXEL price | CoinGecko
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/worldcoin-ftx-three-arrows-capital-creditors/"> Worldcoin’s 200% rally offers boon to FTX, 3AC creditors </a> 
Leading cryptocurrency exchange <a href="https://crypto.news/tag/binance/" data-type="link" data-id="https://crypto.news/tag/binance/">Binance</a> facilitated the token’s launch through its Launchpool platform, offering 350 million PIXEL tokens to users who staked Binance Coin (<a href="https://crypto.news/price/bnb/" data-type="link" data-id="https://crypto.news/price/bnb/">BNB</a>) or the FDUSD stablecoin. Following this, Binance listed PIXEL for trading. 
Pixels also announced a 20 million PIXEL airdrop over the weekend for users who staked Ronin’s <a href="https://crypto.news/tag/ronin-ron/" data-type="link" data-id="https://crypto.news/tag/ronin-ron/">RON</a> token, further incentivizing participation in the network. Despite a <a href="https://crypto.news/ronin-crashes-26-immediately-after-binance-listing/" data-type="link" data-id="https://crypto.news/ronin-crashes-26-immediately-after-binance-listing/">dip</a> in Ronin’s price early Monday, it has <a href="https://crypto.news/ronin-rallies-by-over-50-galaxy-fox-presale-approaching-4m/" data-type="link" data-id="https://crypto.news/ronin-rallies-by-over-50-galaxy-fox-presale-approaching-4m/">gained 17%</a> over the last week, reaching a two-year high of $3.49 earlier this month. 
Pixels, reminiscent of classic farming games like Harvest Moon and Stardew Valley, integrates a crypto token economy with <a href="https://crypto.news/tag/nft/" data-type="link" data-id="https://crypto.news/tag/nft/">NFT</a>-based land plots and pets. Initially developed on the Polygon network, the game migrated to Ronin, a sidechain focused on gaming, last fall. This move has significantly contributed to the adoption of Ronin, which saw its daily active users jump from around 20,000 last fall to roughly 700,000 recently. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/pixels_online/status/1759522763834884288?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1759522763834884288%7Ctwgr%5E3091c6684f959ebdd15ce4a9775b3f2b8bf5e23b%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F218046%2Fpixel-game-token-ronin-435-million-debut 
 </div>
</figure> 
 Read more: <a href="https://crypto.news/binance-shut-down-leveraged-token-listings/"> Binance to shut down multiple leveraged token listings </a>

PIXEL launches with $441m market cap, Ronin gamers receive airdrop tokens

crypto.news

Otros artículos publicados el 19 feb 2024

3 AI Stocks that Nvidia (NVDA) is Buying

New State Of The Art A.I Trading Token Makes Their Mark, VeChain (VET) Investors Quickly Get Invo...

Warren Buffett Backed Capital One Mulls Buying Discover Financial Services

Pantera Capital-backed NFT lending startup Arcade to airdrop 3m ARCD tokens

Dogecoin Price Prediction: Bullish Pattern Signals Rally to $0.1

Binance Delisting Top Leveraged Crypto Pairs, Here’s the List

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!