For X Empire Airdrop Launch: Rollercoaster Prices and Controversy
2024-10-31Bittime - The launch of the X Empire airdrop caused disappointment with the $X token price falling well below pre-market expectations.
Controversy arose regarding the airdrop distribution criteria and communication transparency of the X Empire team, sparking dissatisfaction among players.
Launcher X Empire Airdrop
As scheduled, The players were very disappointed because the initial price was far below expectations. Many people question the accuracy of pre-market price predictions because they are highly speculative.
Prices Like a Rollercoaster
After that, price fluctuations seemed wild, even touching a low of $0.00005 before surging to a peak of $0.00013. On October 25, the price of $X was around $0.0000856.
Despite a significant price increase of 756%, it is still well below the disappointing launch price.
This is visible on the price chart. The RSI value of the X token is even far below 50, namely 38.86, which means there are too many massive sales among users, most likely they are X Empire players who got token quotas from the airdrop event.
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X Empire Airdrop Launch Controvercy
Apart from the disappointing launch price, the allocation of the X Empire airdrop has also attracted controversy. Many players complained that they did not receive airdrop tokens at all or only a small amount.
Although X Empire is not affiliated with Elon Musk, some players even complained on social media.
The X Empire team said that the main criteria for the airdrop were "active friends", as well as hourly profit rate and mission completion.
However, many players previously felt the criteria were unclear and not well communicated.
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Conclusion
The launch of the X Empire airdrop and the $X token ended in disappointment for many players. The initial price of the token which was far below expectations created dissatisfaction, especially coupled with high volatility after launch.
Although the price managed to rise up to 756% from the lowest point, the value still did not reach pre-market expectations.
An RSI graph showing a figure below 50 indicates high selling pressure, possibly coming from players who received airdrop allocations.
Additional controversy arose regarding the airdrop distribution criteria, where most players felt the distribution rules were unclear and communication from X Empire lacked transparency.
Overall, X Empire is faced with the challenge of improving the trust of its community through further improving transparency and communication.
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