The Pixelverse price skyrocketed 248% in the last 24 hours to trade at $0.08991 as of 03:56 a.m. EST on trading volume that rose 632% to $103 million.
This comes after Pixelverse, the popular NFT and gaming platform behind the Telegram hit PixelTap, launched its native token, PIXFI, on The Open Network (TON).
The anticipated event also included a unique airdrop, which rewarded dedicated players and fostered long-term engagement.
Pixelverse Price To Continue Its Bullish Trend Over The Rising Channel
Pixelverse Price Chart Analysis Source: GeckoTerminal.com
Since its launch yesterday, the Pixelverse price has been on the rise through a rising channel pattern, according to data from GeckoTerminal .
The price bulls aim for a continued bullish rally over the channel as the PIXFI token trades above the 50-day Simple Moving Average (SMA) on the 5-minute chart.
Moreover, the Relative Strength Index (RSI) is trading up over the overbought region, currently at 76, which shows that the token is overvalued and continues investor optimism.
The Moving Average Convergence Divergence (MACD) is also trading up above the neutral line, which coincides with the asset’s strong bullish trend in the last day. The green bars on the histogram also support the fact that the token is currently in positive momentum.
If the buyers continue to capitalize on the optimistic prospects by the RSI and MACD, the token may continue to soar, as the bulls target $0.12.
However, the team has announced that it gave out 10% of its token supply as a reward, and the remaining 20% will be distributed over time. If investors claim the entire airdrop, the PIXFI price may drop back to the $0.05 support level.
As the Pixelverse price soars, so investors are also buying into an equally hot GameFi project called Mega Dice (DICE).
Mega Dice Presale Amasses Over $1.6 Million – Next 100X Crypto?
The Mega Dice presale has already garnered more than $1.6 million in funding for what will become the first GambleFi project on the Solana blockchain.
DICE is the native token for Mega Dice Casino, a crypto casino and gaming platform that has over 11,000 users who lock in more than $50 million in bets each month.
Users on the platform also enjoy over 4,000 casino games and have access to over 50 sports and eSports betting options.
Token holders can share in the casino’s daily profits through its unique staking system.
To join the presale, you can buy $DICE on the official website here for $0.09548 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
