The Pixel token gained significant attention from the market after it was listed on Binance on February 19 this year. Since its launch, it has added more than 18% to its valuation, indicating strong bullish sentiment for the coin in the cryptocurrency market.
Furthermore, this ERC-20-based altcoin recorded a trading volume of over $1.405 billion over the past 24 hours, a circulating supply of just over 771 million tokens, and a market cap of over $445 million, highlighting the potential and strong fundamentals. In the future price movement of this symbol.
The Pixels token (PIXEL) was created on the Ethereum Blockchain as an ERC-20 standard token. Its native currency is PIXEL Coin, a premium currency in its Pixels game. With the help of Pixel Currency, players can buy, upgrade and improve the appearance of their characters.
Before the launch, a snapshot of registered users was taken on day 8 and they were sorted into different frames based on their stake in the Ronin Network (RON). Then, 20 million of these tokens were dropped into their wallets based on their stakes.
The technical indicator MACD is displaying a bullish green histogram, indicating increasing buying pressure within the market. Moreover, the averages are constantly rising, highlighting the bullish impact of this altcoin.
With the increasing hype of this token in the industry, investors are worried about the future prospects of this token like will PIXEL retain its gains? However, it is too early to jump to a conclusion as this code is new and still in an early stage of development.
