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Cryptocurrency News Articles

Pixelverse’s PIXFI Token Surges 197.88% in 24 Hours, Plans Further Rollouts

Jul 19, 2024 at 09:15 pm

Pixelverse's PIXFI token is up by 197.88% in the last 24 hours, listed at $0.0771 at the time of press.

Pixelverse’s PIXFI Token Surges 197.88% in 24 Hours, Plans Further Rollouts

Pixelverse’s (PIXFI) token has surged over 197% in the last 24 hours, trading at $0.0771 at press time.

The token began rallying almost immediately after being airdropped, with the first gain reportedly being over 50% in the first few hours following the PIXFI airdrop.

The NFT and gaming platform is planning to roll out another batch of 20% of the supply, specifically for users of Pixelverse and Pixelchain.

PIXFI is currently listed on centralized exchanges, including HTX, Bybit, and Bitget, among others.

What has attracted users to the PIXFI airdrop in large numbers is the fact that Pixelverse was able to architect the process in a way that largely avoided a hard selloff, referring to holders selling out a portion of their holdings after participating in a free token distribution.

According to a post published by Pixelverse on X, anyone withdrawing PIXFI would attract a 90% penalty.

Most users have opted out of a sharp selloff, backed by a mechanism that automatically stakes PIXFI for additional rewards. The idea was to ensure that only real users are rewarded for their efforts and discourage farming or Sybil attacks to present outrage plus negative price action.

Pixelverse is hosted by TON, a layer-1 blockchain that was developed by the team behind the Telegram mobile application. This association worked well for its native token, TON.

TON has gained 1.41% in the last 24 hours and is up by 0.05% in the last 7 days. The token is currently listed at $7.29 with speculation that it would soon breach the mark of $10 – probably by the end of this year.

It is hard to draw a prediction for PIXFI at the moment but it is safe to say that there is a scope of reaching $0.1 by the end of August this year, assuming the gains remain constant with minimal dips.

In other news, Pixelverse has announced a collaboration with Notcoin, aiming to amplify user appeal as the popularity of the play-to-earn concept gathers steam in the market.

Pixelverse has pledged to reward Notcoin holders in the upcoming series of marketing campaigns, including the $250,000 prize pool that is set to go live soon.

Pixelverse is also likely to roll out extra rewards for Gold and Platinum tiers on Notcoin.

Moving forward, all eyes are on how PIXFI moves on the price chart. It has set a rather ambitious aim with a growth of 50% just in the initial hours after airdrop.

The announcement about collaboration has worked so far. NOT is up by 3.27% in the last 7 days; however, it has lost 1.95% in the last 24 hours. Notcoin is exchanging hands at $0.01567 as the article is being drafted.

Original source:namecoinnews

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