Pixel, the Ethereum Symbol of the popular blockchain game PixelsSince then, it has collected an estimated turnover of more than 1.2 billion dollars It starts on Monday morningBased on information from CoinMarketCap.
Based on the more than 8,800 coins tracked by CoinMarketCap, this makes it the 10th most traded cryptocurrency in the entire market. That means more PIXEL has been traded than some of the most popular cryptocurrencies, including Avalanche (AVAX), Dogecoin (DOGE), Cardano (ADA) and Polygon (MATIC) on the last day.
It is also the most traded gaming token in the past day. Next to the background is XAI, the symbol Arbitrum layer-3 gaming networkIt added $278 million in trading volume the previous day. XI Set a new all-time high price Sunday after it started in January.
No other gaming coin has even topped the $200 million trading market in that time. It is third Ronin (RON), the network Pixels operates on, had a trading volume of $150 million in the previous day. Pixels awarded 20 million PIXEL tokens to RON stakers in a surprise announcement over the weekend.
The launch of PIXEL has been long awaited by crypto gamers. Pixels has seen an increase in player accounts in the months since. They migrated from Polygon to Ronin Last fall, from game to-Air drop Campaigns to drive engagement and ultimately reward some 28,000 top players.
Based on PIXEL's current distribution offering of 771 million PIXEL, it has a market capitalization of $450 million, which is about 15% above its current price of $0.58. It rose to $0.69 earlier on Monday, but has since settled down about 15%.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and are not financial, investment or other advice.
Edited by Ryan Ozawa.
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