PIXEL Price Skyrockets by 18% on Debut, Social Web3 Crypto Sees 1.4 Billion Dollars in Volume

Crypto News- PIXEL price, the Ethereum-based token powering the social Web3 blockchain games of Pixels, has made an impressive debut, marking an 18% surge within just 24 hours of its launch. As of the latest update, PIXEL is trading at $0.5873, reflecting a 15% increase, and boasting a market capitalization of $452 million.

What truly sets PIXEL apart is its astounding trading volume, which has skyrocketed to a staggering $1.4 billion within the same 24-hour period, placing it among the top seven cryptocurrencies by daily trading volumes.

Remarkably, PIXEL has outpaced renowned cryptocurrencies like Dogecoin (DOGE), Avalanche (AVAX), Cardano (ADA), and Polygon (MATIC) in terms of trading activity over the past day, underscoring its rapid adoption and investor interest.

PIXEL Price Skyrockets by 18% on Debut, Social Web3 Crypto Sees 1.4 Billion Dollars in Volume

Among gaming tokens, PIXEL reigns supreme, far surpassing its peers with an unmatched trading volume. Following closely behind is XAI, associated with Arbitrum’s layer-3 gaming network, which recorded a trading volume of $278 million. Notably, XAI reached an all-time high price on Sunday since its launch in January.

In comparison, no other gaming coin managed to achieve a trading volume exceeding $200 million during this period. The third position is secured by Ronin (RON), the network supporting Pixels, with a trading volume of $150 million over the past day. In an unexpected move, Pixels rewarded RON stakers with 20 million PIXEL tokens through an airdrop over the weekend.

The anticipation surrounding the launch of PIXEL was palpable among crypto gamers, as the platform witnessed a surge in player accounts in recent months. Since migrating from Polygon to Ronin last fall, Pixels has implemented play-to-airdrop campaigns to enhance engagement, ultimately rewarding approximately 28,000 top players.

What exactly is Pixels? It’s an immersive social casual Web3 gaming experience powered by the Ronin Network. Within this dynamic open-world environment, players can engage in farming, exploration, and creativity to their heart’s content.

Now, let’s explore the multifaceted roles of PIXEL within the Pixels universe:

In-game Currency: PIXEL facilitates various transactions and purchases as the primary currency within the game.

NFT Minting: All future NFT creations from Pixels will be exclusively available in PIXEL, adding value and uniqueness to digital assets.

VIP Membership: Acquire a VIP Battle Pass using PIXEL tokens to unlock exclusive perks and benefits, enhancing your gaming journey.

Guilds: Join Guilds, an engaging social-fi feature within the game, fostering social connections and camaraderie, accessible through PIXEL tokens.

Quality of Life Upgrades: Enhance your gameplay experience with premium in-game features and enhancements, obtainable with PIXEL tokens.

Governance: PIXEL plays a pivotal role in governing the community treasury, ensuring community involvement and decision-making.

Pixels Launch: A Paradigm Shift in Decentralized Gaming and Community Engagement

Pixels made its highly anticipated debut on Monday, introducing a plethora of innovative initiatives to mark the occasion. Among these were multiple play-to-airdrop campaigns, strategically rolled out alongside the esteemed Binance Launchpool reward program. This synchronized effort wasn’t merely about launching a cryptocurrency; it was a grand gesture aimed at fostering community engagement, inspiring participation, and recognizing the invaluable contributions of its most dedicated players.

The play-to-airdrop campaigns were carefully crafted to incentivize involvement from the outset. By intertwining gaming dynamics with the allure of potential rewards, Pixels created an immersive experience that captivated both seasoned gamers and newcomers alike. This approach not only propelled initial interest but also laid the foundation for sustained interaction within the ecosystem.

Moreover, the collaboration with Binance Launchpool added another dimension to the launch, elevating it to a global stage. By leveraging Binance’s extensive reach and credibility, Pixels gained access to a vast network of users, amplifying its visibility and attracting a diverse audience of crypto enthusiasts.

In essence, Pixels’ launch transcends mere tokenomics—it embodies a vision for the future of decentralized gaming, where community empowerment and technological innovation converge to create transformative experiences. As the project continues to evolve and grow, its dedication to putting the community first will undoubtedly remain at the forefront, driving its success and shaping the landscape of Web3 gaming for years to come.