BinaryX has completed a 1:100 token split of its native BNX token to increase its total supply. Following the demerger, BNX’s maximum offering increased from €21 million to €2.1 billion, with a current offering of BNX €2.8 million. These predictions concern the new BinaryX token
BinaryX Price Prediction: Is BinaryX a Good Investment?
BinaryX is a platform for GameFi development, similar to Cyberdragon, which is a play-to-earn game powered by Binance Smart Chain.
With the goal of creating communities for players, BinaryX aims to incorporate a variety of stakeholders, such as players, developers, 3D modelers, artists, knowledgeable contract developers, and game engines. All future metaverse initiatives will be based on this technology.
There are several possible use cases, including:
- Players can meet and discuss new game concepts.
- Game creators can start new initiatives, for example through IGO.
- Real-time communication between the community and developers will drive community engagement.
How is BinaryX different from others?
With more cryptocurrencies being created every day and a number of blockchain platforms coming to light, each platform is working to focus on one feature to differentiate it from the others.
BinaryX has positioned itself as a blockchain for GameFi development. The platform is unique in that it attempts to attract more players by offering a game with minimal barriers to entry, basic terminology, and many gaming situations that allow its participants to acquire property. The BinaryX system has produced several improvements in troubleshooting, including in the GameFi sector, which focuses on gaming. Players can acquire tokens by participating in the game, and if they manage to take down the game boss, they will receive a significant reward.
Apart from this, BinaryX has been developed by professionals with extensive experience. Although the creators of BinaryX remain anonymous, it is reported that they have experience managing derivatives worth $100 million in their portfolio.
Who are BinaryX’s competitors?
BinaryX users can enjoy a very special feature. Due to its distinctiveness, BinaryX currently has no direct rivals in its industry, which is primarily focused on community development in the game creation industry.
However, some developments are underway to compete with BinaryX in its field. Some of these developments are:
- Pet: A virtual pet game called My DeFi Pet mixes DeFi, collectibles and your personality. My DeFi Pet runs on a supported network using KardiaChain and Binance Smart Chain.
BinaryX has a governance token called BNX. Token governance is based on community vote, and event payments are determined by a significant amount of BNX tokens that players spend on the game, which are then distributed to all players.
Overall, BinaryX seems to be a good case for investing.
BNX Price Prediction: Can BNX reach $100 again?
Binaryx recently split its coins at a ratio of 1 to 100.
To reach $100 again, Binaryx will need to increase 65 times. At $100 BNX’s market capitalization would be $29 billion. If BNX were to increase at the rate of 25% each year, it would take 19 years to reach $100.
Looking at the above data, it is possible that BinaryX will only reach $100 if 50-75% of the tokens are burned. Even if BNX performs well, without Burn, it is unlikely to reach $100.
BinaryX Price Prediction 2023-30 (Aggregate)
- BinaryX Price 2023 prediction is US$2.88
- BinaryX Price 2025 prediction is US$5.32
- BinaryX Price Prediction 2030 is US$ 24.5
Long-term forecasts tend to be unreliable, please use them with caution