Pixels (PIXEL) Surges Over 46% After Binance Listing, Continues to Gain Momentum
Pixels (PIXEL), a web3 gaming altcoin built on the Ronin (RON) blockchain, made headlines recently as it experienced a significant price increase following its listing on the popular cryptocurrency exchange Binance. The game, which focuses on farming and exploration, saw its price surge from $0.4711 to $0.6887, marking a remarkable 46% increase.
At the time of writing, PIXEL’s price had slightly decreased to $0.5916, with an impressive market cap of $441 million.
The surge in price came after Binance announced that PIXEL was now available for trading on its platform, offering users various trading and farming opportunities. Binance has plans to add PIXEL to several of its popular features, including Binance Simple Earn, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest, on specific future dates.
It’s worth noting that due to PIXEL’s status as a relatively new token with potential for lower liquidity and higher volatility, Binance has implemented a seed tag on the coin. This means that users with the seed tag will be required to pass quizzes every 90 days to ensure they fully understand the risks involved.
The Pixels team expressed great excitement about the Binance listing, considering it a significant milestone after more than two years of hard work. They are now anticipating further growth and success for the Pixels community following the prestigious Binance listing.
Prior to the trading launch on Binance, users were given the opportunity to farm PIXEL tokens by staking BNB (Binance Coin) and the stablecoin First Digital USD (FDUSD) on Binance Launchpool.
With the listing on Binance and the subsequent surge in price, PIXEL has proved itself to be a promising altcoin, capturing the attention of investors and enthusiasts alike. As it continues to gain momentum, all eyes will be on PIXEL to see if it can sustain its upward trajectory in the highly volatile cryptocurrency market.
Analyst comment
Positive news. As a market analyst, it is expected that PIXEL will continue to experience growth and success in the market. However, due to its status as a new token, its liquidity and volatility may present some risks. Continued attention and monitoring of PIXEL’s performance will be important in the highly volatile cryptocurrency market.
