BinaryX to be listed in Binance

BinaryX (BNX) will make its debut in Binance’s Innovation Zone after a recent surge.

The token erupted in popularity, rising 130% after Binance announced its listing on the exchange.

BinaryX created CyberDragon, and its native token BNX is used in the fantasy RPG built on the Binance Smart Chain. It has a variety of uses, including community voting, hero recruiting and, upgrades.

The token will be listed in Binance’s Innovation Zone – a trading point where users are able to trade new tokens that may possess a higher volatility rate that could cause risk to traders.

Because of the high risk of cryptocurrency trading with newer tokens, Binance users are required to visit the website version of the Innovation Zone trading page and must fill in a questionnaire and read the Binance terms of use before trading

BNX’s volatility was firmly established regarding its proposed listing, starting the day at $101, before skyrocketing to $241, following the Binance announcement and then dipping to $118, according to CoinGecko.

Rise of gaming altcoins

Gaming altcoins and metaverse tokens are becoming more popular and influential in the cryptocurrency industry, with Axie Infinity (AXS) – an NFT-based online game – dominating the space, reaching a market cap of $9bn.

Blockchain gaming platform Enjin formed a $100m fund as they seek to support the growth and decentralise the metaverse ecosystem.

The gaming altcoin GALA – utility token of NFT platform Gala Games – rose dramatically after Binance added it to its marketplace, reaching a 542% price gain and setting an all-time high of $0.07.