The price of PIXFI tokens from Pixelverse has soared sharply, what is the reason?

Bittime - Pixelverse just launched their native token, PIXFI, on July 18th. Amazingly, PIXFI immediately jumped almost 360% in 24 hours! So, this article will discuss the reasons behind the increase in the price of PIXFI tokens from Pixelerse. Keep watching, OK!

Tentang PixelTap by Pixelverse

Maybe you are familiar with PixelTap by Pixelverse, a Telegram game that has gone viral since March 2024. This game reportedly succeeded in attracting 50 million new users in just a month last June. Pixelverse now wants to give appreciation to its community and loyal players through airdrops.

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This airdrop is in the form of NFTs with different rarity levels, which will be awarded based on the level and mission completion of PixelTap and Dashboard players. The good news is, the NFT can be claimed a week later, precisely on July 25 at 12:00 UTC.

But wait, there's a special surprise! Holders of rare, epic or legendary NFTs will immediately receive an airdrop in the form of PIXFI tokens worth 10% of the total supply. 

This is a form of appreciation for their support from the start. Not only that, Pixelverse also allocates an additional 20% PIXFI tokens for users who actively use Pixelchain, an EVM-based Layer-2 for the TON blockchain.

Pixelverse's decision to distribute free tokens (airdrop) is unique. The reason is, in a post on 

"In the past, airdrops were seen as a way to reward genuine users and were welcomed by the community. However, now the practice of 'farming' and 'sybil attacks' is rampant, and airdrops actually trigger community disappointment and a decline in token prices," they wrote.

Interestingly, Pixelverse actually takes inspiration from the battle pass concept in games and the "earnout" scheme commonly used by venture capital companies. This is a fresh and innovative approach to the world of airdrops.

Reasons for the Increase in PIXFI Token Prices

Currently, PIXFI is registered on several leading centralized exchanges such as Bybit, HTX, Gate.io, and Bitget. With a market capitalization of IDR 5.7 trillion, PIXFI's prospects are promising. You can also buy this token via Bittime, you know.

Short-term technical analysis also shows the potential for significant price increases. However, this increase of course depends on the hype on social media and future market demand. Potential selling pressure could also occur after July 25, when the tokens can be claimed.

Ultimately, the continuation of the positive trend of the PIXFI token will be greatly influenced by two main factors: the usability of the token itself and the popularity of PixelTap games on Telegram. Additionally, overall market sentiment, especially Bitcoin (BTC) price movements, also plays a role.

How to Buy Pixelverse (PIXFI) di Bittime

You can buy and sell Pixelverse (PIXFI) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Pixelverse (PIXFI) available on Bittime with market pair PIX/IDR. To be able to buy PIX IDR Of Bittime Make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Study Complete guide on how to buy Pixelverse (PIXFI) on Bittime. 

Monitor graphic movement price Pixelverse (PIXFI), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.