BinaryX(BNX) Token Price Achieved 700% Growth in 2022 Despite Crypto Winter
BinaryX recently unveiled their inaugural yearly review for 2022, indicating an amazing 700% rise in their primary token, $BNX, at its zenith despite the lengthy bear market.
The token achieved its highest ever market capitalization of $457 million USD.
BinaryX experienced a gradual increase in user numbers, rising from 98,000 to 130,000 individuals by the close of 2022.
The report likewise outlines BinaryX’s advances in 2022, including the release of popular gaming titles such as CyberChess and Rh!noX, which is the first soul-connected NFT token to be issued on BNB Chain.
In December, the $BNX token experienced a decrease in demand due to expectations of an upcoming token release that had been declared by the team earlier in the year.
“Our sincere gratitude goes out to all those who remained loyal to us and did not waver, even when things got tough. We are delighted to report that we have been successful in overcoming our difficulties throughout the year. We will remain devoted to expanding our initiatives and giving back to our community,” Rudy S., Head of Growth, proclaimed.
BinaryX(BNX) team is moving forward with a range of initiatives, including CyberLand, fresh games sponsored by the Cyber Incubation Fund and ventures launched via BinaryX’s IGO platform. Moreover, they will be continuing to craft the roadmap for Rh!noX and will collaborate with numerous reliable auditing partners to guarantee that their smart contracts are secure. Additionally, they have recently unveiled plans for growth in multiple areas, such as their first official guild tie-up with IndiGG – the greatest gaming guild in India.
What is BinaryX?
BinaryX, the platform powering the play-to-earn games CyberDragon and CyberChess, operates on the BNB chain.
BinaryX initially started as a decentralised trading system. However, they then progressed to creating decentralised video games and are now in the process of transforming into a GameFi platform that provides IGO services for connecting Web2 developers with Web3.
BinaryX is a top 10 project on the BNB Chain and has accumulated an extensive following of over 100,000 coin holders with 30,000 active wallets each month. It is one of the few leading metaverse projects in terms of trading volume on the BNB chain, reaching a market cap of over 200 million. Moreover, its token $BNX has been resilient in the face of bearish market conditions.