X Empire, the popular Elon Musk-themed “tap-to-earn” game has launched its $X token on The Open Network (TON) today, October 24th. The game has gained significant traction, attracting more than 50 million players in recent months. Along with the token launch, an airdrop for players will also be held on the same date.
Let’s discuss together about X Empire in detail, starting from the distribution of tokens through the airdrop event, information about the $X token listing, to predictions X Empire price.
Chill Phase: Reset Time to Get Extra Tokens
Previously, the developer announced a delay after completing the mining phase on September 30. In response, they initiated a “Chill Phase” that resets all player progress to zero and allocates an additional 5% of the token supply to incentivize player participation during this short period of play.
In the Chill Phase ending on October 17, players are allowed to earn extra tokens, offering a final chance to collect rewards.
The X Empire team has communicated that airdrop preparations have been completed and players can claim their tokens on various exchanges, including OKEx, Bybit, Bitget, KuCoin, Gate.io, and MEXC.
Through a statement on Telegram, the team indicated that further information regarding the utility of the $X token and its role in the gaming ecosystem will be shared in the coming days.
X Empire Price Prediction
The launch of the X Empire token was followed by a big question, namely about its future price performance. Let’s examine the factors that can influence the price of X Empire.
1. Token adoption: The more users who use the $X token, the higher the demand, which can push the price up.
2. Project development: X Empire’s success in developing an ecosystem and new features can increase investor confidence and drive prices up.
3. Market sentiment: General sentiment in the cryptocurrency market can influence the price of $X. If the overall market is bullish, the price of $X tends to rise.
4. Development of blockchain technology: The development of blockchain technology as a whole could affect the value of all cryptocurrencies, including $X.
5. Massive airdrop: X Empire uses a phased distribution approach, where early members are rewarded first. This strategy can create hype around the token, potentially driving the price up.
Gradual distribution can also reduce price volatility at launch. User sentiment is currently positive, plus Bitcoin prices are bullish. These conditions could support a good start for the $X price.
$X Token Price Increase Factors
While it is difficult to predict the price of $X with certainty, some analysts are optimistic about its long-term prospects. Several factors that support this optimistic view include:
1. Market growth potential: The cryptocurrency market is still relatively new and has great growth potential. X Empire, as an innovative project with a strong community, could be one of the winners.
2. Uses of tokens: The $X token has utility in the X Empire ecosystem, which may increase its demand.
3. Community support: X Empire has an active and enthusiastic community, which can support the growth of the project.
However, keep in mind that the cryptocurrency market is highly volatile and can experience sharp price fluctuations. Therefore, it is important to do in-depth research before deciding to invest in $X.
Possible $X Token Price Drop
After listing, the price of $X experienced a significant increase. In the first few hours, the token price rose by more than 100%. This shows high interest from investors in the X Empire project.
However, mining phase delays and the unexpected “Chill Phase” disappointed some users. X Empire only provides airdrop access to 6 million players out of a total of 50 million players, potentially causing negative sentiment that could affect prices.
Currently, the price of the $X token is $0.0000567. This price is well below the community’s predicted price, which is $0.0002. However, even though the price is below predictions, currently X Empire has experienced a satisfactory increase, namely 467%.
However, X Empire’s RSI figure is below 50, which means that many token owners are selling $X compared to users who are buying the token.
This is quite natural because it coincides with the distribution of airdrops where the user’s habit is that when they receive an airdrop at a price that does not match predictions, the tokens will be sold, instead of HODLing.
Conclusion
The launch of the $X token is an important step for the X Empire project. While it is too early to judge its long-term performance, its growth potential looks promising.
Investors interested in this project need to monitor developments closely and conduct careful analysis before making an investment decision.
X Empire price predictions in the future are still confusing. Some experts are optimistic and estimate that the token price could reach $0.05 (around Rp. 4.20) by 2030. However, this depends on the steady growth of the crypto market and the success of project development.
Bitrue will continue to provide the latest information about X Empire so you can do in-depth research before deciding investment in token X This. Check the price of X Empire in real-time and find out harga token X to USD so you can allocate investment funds well.
X Empire has also entered Bitrue’s launchpool and there is a competition being held there so you can get maximum profit by investing $X tokens.
via Vritimes