- PIXEL token rises 12% on first trading day, hits $452 million market value.
- PIXEL’s daily trading volume reaches $1.4 billion, ranking seventh among cryptocurrencies.
- PIXEL garners 260,000 daily active users, enhancing Pixels gaming platform engagement.
The token PIXEL, which is based on Ethereum
On February 19, the increase in the price to a record peak of $0.6872 and a market value of $452 million indicates the success and promise of PIXEL within the online gaming industry.
As of the time of reporting, PIXEL was being traded for $0.5748, representing an increase of 3.27% from its intra-day low of $0.4691.
Record-Breaking Trade Volume Achieved
Furthermore, PIXEL’s daily trading volume hit $1.4 billion, ranking it as the seventh highest in terms of cryptocurrencies traded per day. The trading activity of PIXEL exceeds that of many well-known cryptocurrencies, including Dogecoin, Avalanche, Cardano, and Polygon, demonstrating significant investor interest and trust in PIXEL.
The significant increase highlights PIXEL’s instant influence in the market and its dominant position in the gaming token industry, surpassing rivals by a wide margin. Additionally, PIXEL’s concurrent listing on Binance marks a crucial point for the company, attracting numerous new users to the Pixels platform.
As a result, the number of daily active users on Pixels saw a remarkable increase, exceeding 260,000. This active engagement increase underscores the growing excitement and expectation for the PIXEL token and the extensive Pixels gaming platform.
PIXEL: Multidimensional Utility
The attractiveness of PIXEL is found in its potential for investment and its versatile use within the Pixels ecosystem. Additionally, PIXEL enables a range of transactions, acquisitions, and access to exclusive features in the game, serving as both a governance token and a utility token.
This encompasses all aspects, ranging from the creation of NFTs to exclusive club memberships and involvement in player organizations, thereby improving the gaming experience for users. Furthermore, PIXEL allows its owners to influence important choices about the community’s financial resources through governance privileges.
Rapid Take-Up and Prospects Ahead
The initiation of PIXEL has occurred simultaneously with the transition to the Ronin network and the implementation of play-to-airdrop promotions. These efforts have boosted the involvement of players, leading to rewards for about 28,000 of the highest-performing players and resulting in a rise in the number of player accounts.
As PIXEL becomes more embedded in the Pixels universe and the wider cryptocurrency gaming environment, its initial achievements indicate a bright outlook. The token’s introduction, along with the applications and efforts of the Pixels team, establishes a strong base for ongoing expansion and participation in the Web3 gaming industry.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
