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 from a low of $0.4711 to a high of $0.6887 on Monday, an increase of more than 46%.
At the time of writing, PIXEL has fallen slightly to $0.5916, and sits at a market cap of $441 million.
Pixels’ big move comes as Binance announced On Monday, the token was available on its platform for a number of different trading and farming opportunities.
“Binance is excited to announce that Pixels have been added to Binance Simple Earn and Binance Convert. Additionally, Binance will add PIXEL to Binance Margin, Binance Futures and Binance Auto-Invest on 2024-02-19 15:00 (UTC), 2024-02-19 15:00 (UTC) and 2024-02-21 00:00 ( UTC) respectively.”
Binance applies a Seed tag to PIXEL, which it does for newer tokens with lower liquidity and higher volatility potential. Users who own assets with the tags must take quizzes every 90 days to ensure they are aware of the inherent risks.
Those behind the Pixels project celebrated the live trading launch of the token 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 huge milestone with all of you. This is just the beginning and the best is yet to come for the Pixels community…
In 2024, Pixels will enter the next chapter of growth, driven by the listing of PIXEL on Binance.”
Ahead of Monday’s trading launch, Binance allowed users to stake BNB and the stablecoin First Digital USD (FDUSD) into separate pools to farm PIXEL tokens on Binance Launchpool.
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Featured image: Shutterstock/prodigital art/Dario Lo Presti