The price of X Empire ($X), tap-to-earn games on Telegram, has been a rollercoaster since launch day, marked by an initial spike followed by a sharp decline. Let's take a closer look at what happened.
Players' Feelings of Disappointment at the Launch of $X Token
X Empire launched its $X token on October 24, 2024, as scheduled. However, instead of matching the pre-market price estimate of $0.0002, the token launched at $0.000096.
Disappointment hit the players because the initial price was far below expectations. Many question the accuracy of pre-market price predictions, especially considering their speculative nature.
Price fluctuations then felt wild, even touching a low of $0.00005 before rising to a peak of $0.00013. When this article was written on October 25, the price of $X was around $0.0000856. Even though the price spike is very high, namely %756%, it is still below the disappointing launch price.
It can be seen from the price chart above. The RSI value of the X token is even far below 50, which is 38.86, which means that there is too much massive selling among users, it is likely that they are X Empire players who get token quotas from the airdrop event.
MACD line is also below the boundary line. However, a little hope is visible as the line is seen trying to climb upwards. If this continues to happen, the price of token X could rise.
Airdrop Controversy
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 that the amount was very small.
Some players even complained on social media, with some tagging Elon Musk, even though X Empire is not affiliated with him.
The X Empire team claims that the main criteria for airdrops are “active friends” in addition to hourly profit rate and mission completion. However, many players feel that these criteria are unclear and not communicated well in advance.
Factors Driving X Empire's Potential
Several factors determine the potential of X Empire in the crypto ecosystem, such as:
1. Token utility: X Empire plans to provide utility to the $X token in their upcoming Telegram apps, such as the news platform and sleep tracking app. This may increase the demand for $X tokens.
2. Active community: X Empire has a large and enthusiastic community, which can support the growth of the project.
3. Market potential: The cryptocurrency market is still relatively new and has great growth potential. X Empire, as an innovative project, could be one of the winners.
While X Empire has potential, it is also important to consider the risks associated with investing in newly launched meme coins and tokens. The cryptocurrency market is highly volatile, and prices can experience sharp fluctuations.
Conclusion: Deposit Content Token
Price X Empire experienced significant fluctuations after its launch. The airdrop controversy also adds to the uncertainty surrounding the project. Investors should be careful and do their research before deciding to buy $X tokens.
As additional information, Bitrue is holding a deposit contest for X Empire tokens with a total prize of 25,000,000 X tokens. The contest period is from 24 to 31 October 2024. So, you have less than one week to have the opportunity to get the prizes provided.
Find out information about the X Empire contest from Bitrue, starting from the requirements for becoming a participant to when the prizes will be distributed to players by accessing the Bitrue website at information X Token Deposit Contest.
About Bitrue
Ross is known as the Pambansang Blogger ng Pilipinas - An Information and Communication Technology (ICT) Professional by profession and a Social Media Evangelist by heart.
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