About #BNX
BinaryX is a decentralized platform driving the Play-to-Earn (P2E) revolution with games like CyberDragon, CyberChess, and Ai Hero, all built on the BNB Chain. Initially launched in 2019 as a project focused on decentralized derivatives trading, BinaryX quickly pivoted to embrace the emerging GameFi trend. The team behind the project consists of entrepreneurs, tech innovators, and marketing strategists, working to provide tools like infrastructure support, a DAO governance model, and community-building resources to push forward the blockchain gaming industry.
#BNX is the core cryptocurrency of the BinaryX ecosystem, supporting its DAO and all related products, including its P2E games. In CyberDragon, $BNX serves as the primary currency, enabling in-game transactions and player interactions, seamlessly blending with the platform's broader blockchain initiatives.
Who Are the Founders of BinaryX?
Unfortunately, the identities of BinaryX’s founders remain concealed, as the team has chosen to stay anonymous. Binance Labs' support lends credibility to the project. In interviews, the developers have revealed that they are a globally diverse team composed of senior blockchain experts. Their experience spans both centralized and decentralized exchanges, and they claim to have managed over $100 million in derivative assets.
While specific names are unavailable, their expertise suggests a strong technical and financial background, crucial for BinaryX’s success in the evolving GameFi space. The team’s decision to focus on Web 3.0 gaming and decentralized finance shows a deep understanding of blockchain’s potential, which is reflected in their product offerings and governance structures.
Why is BinaryX Different from others?
BinaryX stands out by reshaping the future of gaming in the GameFi space, with a strong focus on creating sustainable economic models for its games while delivering engaging, enjoyable experiences. The platform’s commitment to enhancing its ecosystem has led to the development of hit titles like CyberDragon and CyberArena, which are among the top games on the BNB Chain.
In September 2022, BinaryX introduced CyberChess, an auto-battler strategy game inspired by Autochess. This game represents a significant evolution for BinaryX, offering deeper gameplay, a more refined structure, and the most advanced mechanics the platform has developed to date. It also marks a shift from the traditional play-to-earn model to a more inclusive free-to-play, play-and-earn experience.
Beyond gaming, BinaryX is expanding its role in the GameFi industry by becoming an IGO (Initial Game Offering) platform. The goal is to provide end-to-end solutions for aspiring GameFi developers, offering tailored resources and support to overcome project development challenges. BinaryX recently launched its first IGO project, SHIT IGO, with plans for more IGOs in the pipeline. This positions BinaryX not just as a game developer but as a comprehensive enabler for the next generation of GameFi innovation.
Token Split
In early 2023, the BinaryX team decided to split the BNX token to improve its economic model and product offerings. This method aims to reduce entry barriers to the BinaryX ecosystem, increasing BNX acceptance among a larger audience. A DAO vote was held to authorize the split, and 99.5% of the community voted in favor. The token split was formerly carried out in late February 2023, and the token's ticker remained unaltered. The BinaryX token is denoted by the token ticker $BNX. BinaryX's current price is updated and displayed in real time on Binance.
Market Information
BNX currently ranks #99 in popularity, with a market cap of $564.62 million. Over the last 24 hours, its trading volume reached $16.04 million. The circulating supply stands at 373.09 million BNX, which is 64.33% of its total maximum supply of 580 million. The fully diluted market cap is valued at $877.74 million.
Price today:
The current price of BinaryX is $ 1.493131 per (BNX / USD), with a market capitalization of $557.12 million USD. The 24-hour trading volume is $14.54 million USD. The BNX-USD price is updated in real time. BinaryX is up 0.18% in the last 24 hours, with a circulating supply of 373.12 million.
Price History USD
The price of BNX has seen notable growth over the past few months. Today, it stands at $0.045229, reflecting a 3.08% increase. Over the last 30 days, BNX rose by 20.73%, reaching $0.259895. In the past 60 days, it climbed by 52.39%, hitting $0.520272, and over the last 90 days, BNX increased by 32.44%, reaching $0.370689.
BinaryX (#BNX ) Price Predictions (2024, 2025-2030)
The price of BinaryX is expected to increase by 231.72% and reach $ 5.02 by October 10, 2024, based on our current price estimate. According to our technical indicators, the present sentiment is bullish, but the Fear & Greed Index shows 33 (Fear). BinaryX has 16/30 (53%) green days and 9.92% price volatility in the previous 30 days. The BinaryX prediction indicates that this is an excellent moment to purchase BinaryX.
Based on historical price trends of BinaryX and the patterns observed in Bitcoin halving cycles, the price of BinaryX is projected to reach a yearly low of $1.513405 in 2025, with a potential high of $7.24. Looking ahead, the predictions for BinaryX suggest a low of $1.258301 and a high of $4.06 in 2026. In 2027, the price is expected to range between $1.381846 and $2.86. By 2028, BinaryX could see a low of $2.05 and a high of $4.87. In 2029, the projected range widens significantly, with a low of $3.97 and a high of $9.88, while in 2030, BinaryX is expected to fluctuate between $3.92 and $6.35.
BinaryX Price Prediction 2025
The BinaryX price predictions for 2025 range from $1.513405 to $7.24. If BNX meets the higher price objective, BinaryX might increase by 385.34% by 2025 compared to its current price.
BinaryX Price Prediction 2030
The latest BinaryX price estimate for 2030 ranges from $ 3.92 to $ 6.35. If BinaryX meets the upper price objective, it may gain 325.57% in value by 2030 compared to its current price.
BinaryX Price Prediction for Coming Week
The price prediction for BinaryX (#BNX ) over the next week shows a promising upward trend. Starting from $1.513405 on September 11, 2024, the price is expected to rise steadily. By September 12, it is projected to reach $1.596122, marking a 5.47% increase. The gains continue, with the price estimated to hit $1.702651 on September 13, a 12.50% rise. By September 14, BNX could be valued at $1.832759, reflecting a 21.10% increase, and further climbing to $1.977744 on September 15, which represents a 30.68% gain. By September 16, the price might reach $2.12, a 40.19% increase, and is forecasted to peak at $2.26 on September 17, showing a 49.33% gain from the initial value. This projection indicates a strong upward trend, with BNX potentially increasing by 49.33% over the next week based on recent trends.
BinaryX Key Price Levels
As of today, BinaryX’s key price levels are determined by the classical pivot point (P1) at $1.490359. The support levels are set at $1.435778 (S1), $1.349717 (S2), and the strongest support at $1.295135 (S3). On the upside, the resistance levels are positioned at $1.57642 (R1), $1.631002 (R2), and $1.717063 (R3). These levels indicate the key points where BinaryX may face buying or selling pressure.
BinaryX Price Analysis: Bullish Now, Bearish Later?
BinaryX (BNX) has delivered impressive returns, with its price soaring by 580% over the past year, outshining 94% of the top 100 cryptocurrencies, including major players like Bitcoin and Ethereum. This remarkable growth can be attributed to BinaryX’s strategic positioning in the GameFi sector, robust token fundamentals, and a recent token burn that has increased scarcity and boosted investor confidence. Additionally, BNX's high liquidity relative to its market cap makes it appealing to both retail and institutional investors.
Despite the current bullish sentiment driven by recent gains and positive developments, there are signs that BNX could face bearish pressure in the future. The token is currently trading below its 200-day simple moving average, a technical signal that may indicate weakening market strength. Furthermore, BNX has only seen 14 days of positive movement in the past 30 days, translating to a 47% bullish activity rate. The token remains 99% below its all-time high, and its significant inflation rate of 9,409.68%—due to the excessive creation of tokens—could impact its long-term viability.
While BinaryX is experiencing a bullish phase driven by recent positive developments, the potential for volatility remains high. Factors such as high inflation and historical market downturns could lead to bearish trends, especially if liquidity diminishes or overall market conditions change.
FAQ’s
What is BinaryX?
BinaryX is a decentralized platform focused on Play-to-Earn (P2E) gaming and GameFi, featuring games like CyberDragon, CyberChess, and Ai Hero on the BNB Chain. It also provides support and resources for GameFi developers.
2. What is BNX?
BNX is the native cryptocurrency of the BinaryX ecosystem, used for transactions within its games, governance, and various other functions within the platform.
3. How has BinaryX performed recently?
BinaryX has seen significant growth, with a 677.11% price increase over the past year. However, it has experienced a -90.89% decline over the past 3 years.
Is Investing in BinaryX Profitable?
BinaryX has had a strong recent performance, with a 677.11% increase over the past year, although it has seen a 90.89% decline over the past 3 years. With 53% positive days in the last month, it appears profitable in the short term.
Is BinaryX a Good Buy in 2024?
The technical indicators are currently bullish for BinaryX in 2024, suggesting it could be a good buy. However, it’s essential to consider both technical and fundamental factors before investing.
Feel free to ask if you need more specific information.
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