A Web3 gaming altcoin built on the Ronin (RON) blockchain is soaring after securing a listing on top crypto exchange Binance.
Pixels (PIXEL), an open-ended game focused on farming and exploration, shot up Monday from a low of $0.4711 to a high of $0.6887, a more than 46% increase.
At time of writing, PIXEL has retraced slightly to $0.5916, and is sitting at a market cap of $441 million.
Pixels’ big move comes as Binance announced Monday the token was available on its platform for a number of different trading and farming opportunities.
“Binance is excited to announce that Pixels has been added to Binance Simple Earn and Binance Convert. In addition, Binance will add PIXEL on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-02-19 15:00 (UTC), 2024-02-19 15:00 (UTC) and 2024-02-21 00:00 (UTC) respectively.”
Binance is applying a seed tag to PIXEL, which it does for newer tokens with lower liquidity and more volatility potential. Users who own assets with the tags must pass quizzes every 90 days to ensure they’re aware of the inherent risks.
Those behind the Pixels project celebrated the token’s live trading launch on Binance.
“Our token, PIXEL, is officially live on Binance, the world’s largest crypto exchange We’ve been working towards this moment for over two years, and we couldn’t be more excited to share this massive milestone with you all. This is just the beginning and the best is yet to come for the Pixels community…
In 2024, Pixels is stepping into its next chapter of growth fueled by the listing of PIXEL on Binance.”
Prior to Monday’s trading launch, Binance allowed users to stake BNB and the stablecoin First Digital USD (FDUSD) in separate pools to farm PIXEL tokens on Binance Launchpool.
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Featured Image: Shutterstock/prodigital art/Dario Lo Presti
The post Gaming Altcoin Built on Ronin (RON) Explodes After Going Live on Crypto Exchange Binance appeared first on The Daily Hodl.
