BinaryX (BNX) is one of the recently trending cryptocurrencies in the dynamic space of cryptocurrencies, and it has not let the investors and enthusiasts down. The token has been enjoying a remarkable 3. An increase of 94 percent in value within the last 24 hours with a price of $1. 53.

This upward movement has been accompanied by a dramatic increase in trading volume, trading volume has increased by 119. 32% to $10,855,417. Thus, such a sharp increase in trading activity may indicate increasing demand and interest in the prospects of a project. Market capitalization of BinaryX is $570,247,584 which puts it at the 99th place among all cryptocurrencies.

This is quite an accomplishment especially when one considers the stiff competition that is characteristic of the crypto market. It is reasonable to believe that the decentralised derivative trading platform has transformed into a comprehensive GameFi project, which has led to the success of the project in the recent past.

Through the efforts of connecting game developers who have not yet entered the blockchain space, BinaryX is in a unique and promising industry. The token’s supply metrics give more information about its economy and the possible development of its economy.

BNX has a circulating supply of 373,751,169 with a percentage of 64. 44% of the total supply and a maximum of 580,000,000 BNX is smart in ensuring that it is both easily accessible and at the same time rare. This supply structure plus the current price gives BinaryX a fully diluted market cap of $884,929,938 which is the market’s maximum valuation of BinaryX.

As the GameFi and the rest of the crypto space are growing, the experience of BinaryX in the past few months indicates that the project is ready to adapt to the new trends and keep on climbing up.

However, as it is with any other investment in cryptocurrencies, it is advisable that investors research well on the investment and the volatile market before making any investment. The next several months will probably be very important for BinaryX as the platform aims to strengthen its place in the sphere of blockchain gaming and DeFi.