a new game altcoin‘s jumped more than 130 percent after Binance, a major cryptocurrency exchange, announced its support for the token.
Binance recently added to the platform’s list of crypto offerings. BinaryX (BNX) announced the addition.
BNX, Binance Smart Chain It is the native token used in CyberDragon, a role-playing game under development. BNX is designed to be used for community voting, hero recruitment, upgrades and other core functions of the game.
In CyberDragon, players can create their own characters, collect rare equipment and win rewards by defeating their enemies.
BNX will be available on Binance’s Innovation Zone, a dedicated trading space where users can buy and sell newer tokens that are likely to have higher volatility and pose higher risk to traders.
The token deserves its place in the Binance Innovation Zone, as BNX is currently showing volatility, which can be risky. BNX, which opened the day at $ 101, continued to move up after the Binance announcement and reached $ 241 before settling at $120, the level it was at at the time of writing, according to CoinGecko data.
In the past few weeks, gaming altcoins and metaverse tokens have dominated the crypto space. Even more fuel has been added to this market after Facebook’s rebranding as “Meta” and plans to invest in the metaverse.
BNX, Binance It’s not the only metaverse token making big waves on the stock market. PREMIERE Another gaming altcoin, named Binance, rose more than 540 percent following Binance’s announcement in mid-September.
More recently, the governance token Tranchess (CHESS), skyrocketed 185 percent after gaining support from crypto exchange giant Binance in October.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.