The value of the gaming altcoin BinaryX (BNX) recently skyrocketed by over 130%. This comes after the cryptocurrency exchange platform Binance announced its support of the token.
BNX is the main native token used in CyberDragon, a fantasy role-playing game being developed on Binance Smart Chain. This token can be used for upgrades, community voting, hero recruiting, and other game functions.
BNX has expressed a good amount of volatility so far. The token reached a high of $241 after opening at $101 on the day of the announcement. According to CoinGecko, the token eventually settled at $121 to close out the day.
BinaryX is available in Binance’s Innovation Zone. This serves as a dedicated area for trading where users can buy and sell newer tokens that show signs of volatility.
(All information was provided by Google and The Daily Hodl)