PIXEL Price Analysis: Breakthrough or Momentary Trend in the GameFi World?

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Bittime - The world of gaming and the metaverse just got a promising addition with the arrival of PIXEL, a token that surprised the market with its incredible performance. Introduced to the Binance Launchpool as the 46th project, PIXEL not only rocked the scene with a dramatic surge in value, but also promised a revolution in the way we interact in the virtual world. Let's dive deeper to uncover what makes PIXEL and PixelVerse so special and why it could be a game-changer in the digital world.

Get to know PIXEL and PixelVerse

Binance recently introduced PIXEL into their Launchpool on February 8, 2024, making it the 46th project to be featured on the platform.

As part of this initiative, PIXEL, a Web3 game on the Ronin network, is being offered to users for acquisition through BNB and FDUSD staking starting from February 9, 2024.

This decision resulted in a 1,000% jump in PIXELVERSE value, indicating a very positive market reception. The token initially hovered around $0.00055 and peaked at $0.0065, before finally settling at $0.0043 on February 8, 2024.

Interestingly, on February 19, Binance started listing the in-game currency PIXEL, with an initial price of $0.04 that immediately shot up to $0.60 upon launch, recording an increase of over 1,300% in a short period of time.

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Get to know more about PixelVerse

PixelVerse is designed to be a revolutionary virtual interaction platform, similar to what Google is to the internet. These platforms include:

• PixelClout : A space for content creators to grow their community and monetize their work.
• PixelNFT : An advanced NFT marketplace available on multiple blockchains.
• PixelHouse : Designed for casual and professional gamers with a gaming and NFT ecosystem.
• PixelSwap : An NFT-only DEX exchange that introduces the concept of NFT mining.
• PixelLaunch : A launch platform focused on metaverse and gaming projects.

All these features collaborate to create PixelVerse, a metaverse that aims to provide fun content and entertainment experiences for global users.

PIXEL in the Gaming World

PIXEL acts as a digital currency in Pixels, similar to the function of GEMS in Clash of Clans. Functions include purchasing items, feature upgrades, and additional aesthetic elements that are not a primary requirement for progressing in the game.

PIXEL's main goal is to enrich the player's experience with benefits such as time savings, increased social status in the game, and increased gaming pleasure. PIXEL aims to enrich the gaming experience without interfering with other players' enjoyment.

Today and Future PIXEL Price Analysis

Initially, PIXEL launched at $0.04 and soon surged to $0.60, then dropped to $0.46 before setting a new record at $0.70. After that, prices tend to stabilize.

Source: CCN

The 5-minute chart shows the formation of a symmetrical triangle pattern. A slightly rising channel appears, with price fluctuating around its support. The 50-day SMA indicates a downtrend while price is below it, but there is still potential for further upside if there is a bounce from support.

Meanwhile, at the time of writing on February 21 2024, the price of PIXEL to IDR on the Bittime Market was observed at the level of IDR 7,862, experiencing a decline of around -13.34% over the last 24 hours. 

Source: Bittime

Conclusion

PIXEL, which as of February 21, 2024 is in 151st position by market capitalization, represents an impressive position considering its recent launch.

The recent price increase and listing on Binance adds exposure, paving the way for PIXEL to become one of GameFi's most prominent projects.

How to Buy PIXEL Coin on Bittime

You can buy and sell PIXEL coins in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

PIXEL is available in PIXEL to IDR pairing. To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification.

Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements  for Pixels (PIXEL),  Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

First Day of Launch, PIXEL Reaches Market Cap of 441 Million US Dollars

PIXEL Price Rises 18% and Reaches Trading Volume of $1.4 Billion on Day One

What is Pixels (PIXEL) Token? This is what you need to know!

PIXEL Token Release Date and Latest Free Airdrop Schedule

Crypto Airdrop and Guide on How to Get It for Free

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.