So, PIXEL, which is the Ethereum token linked to that awesome blockchain game called Pixels, has been making some serious moves since it hit the scene early Monday morning. According to the latest scoop from CoinMarketCap, it’s already clocked in over $1.2 billion in trading volume. Crazy, right? It’s like everybody’s rushing in to get a piece of the action. Seems like PIXEL is the talk of the town in the crypto world!
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What is PIXEL?
Pixels (PIXEL) is this cool social casual web3 game that’s powered by the Ronin Network. It’s an enchanting open-world game where you can get lost in farming, exploring, and creating to your heart’s content.
Now, here’s where PIXEL, the native utility and governance token, comes into play in the Pixels universe:
1. In-game currency: You guessed it! PIXEL is the go-to currency within the game.
2. NFT Minting: Any future NFT creations from Pixels? You betcha, they’ll all be in PIXEL.
3. VIP Membership: Want to level up your gaming experience? Snag yourself a VIP Battle Pass using the native token.
4. Guilds: Get social and join Guilds, a cool social-fi feature within the game, using the native token.
5. Quality of Life Upgrades: Need those extra perks to enhance your gameplay? Premium in-game features are up for grabs, purchasable with the token.
6. Governance: It isn’t just for spending; it’s also got a future role in governing the community treasury. Talk about wearing multiple hats!
So, whether you’re splurging on in-game goodies, minting NFTs, or having a say in the community’s direction, PIXEL is your ticket to unlocking the full potential of the Pixels universe!
How high can the PIXEL price go?
So, the coin is like rocking it out there as the 10th most-traded cryptocurrency in the whole kit and caboodle of the market. And get this, CoinMarketCap keeps tabs on over 8,800 coins! Wrap your head around that for a sec. PIXEL has been changing hands more times than some of the big shots like Avalanche (AVAX), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC) just in the last day. It’s like PIXEL is strutting its stuff, showing those big names who’s boss in the trading game!
Yet, the next 15 days will be crucial for the price movements. At the moment, it’s dominating as the most-traded gaming token in the past day. Right behind it is XAI, the token fueling Arbitrum’s layer-3 gaming network, which has seen a whopping $278 million in trading activity. And get this, XAI even hit a record high price on Sunday since its launch back in January. Talk about making waves!
Now, here’s the kicker: no other gaming coin even comes close to reaching the $200 million trading volume mark during this time frame. Coming in third is Ronin (RON), the network that Pixels calls home, with $150 million in trading volume over the past day. And guess what? Pixels had a little surprise up its sleeve over the weekend – they awarded a cool 20 million PIXEL tokens to RON stakers in an unexpected airdrop announcement. Looks like the gaming world is heating up, and these tokens are leading the charge!
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