BinaryX (BNX) Price Prediction – Will BNX Price Hit $300 in 2022?

This BinaryX (BNX) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key conflunces that we have taken into consideration upon coming up with our BNX price prediction and prediction. 

Among the cryptocurrencies that are surging this year, BinaryX (BNX) is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, BNX price has reduced by 9.6% in the past 30 days.

Can BNX reach $300 in 2022? We will find out shortly. But before we proceed to our BNX analysis, let us first answer the question “What is BinaryX?” in this BNX prediction 2022 article. 

What is BinaryX (BNX)?

BinaryX is the project behind CyberDragon, a play-to-earn game on the Binance Smart Chain (BSC). Initially, BinaryX was a decentralized derivative trading protocol, but has since changed its concept to accommodate the boom in the GameFi sector. Now, BinaryX is building a Metaverse game called CyberDragon, which is a classic MMORPG with DeFi elements. For example, game props derivatives are non-fungible tokens (NFTs), and players can choose from a selection of gameplay modes like PvE and PvP. CyberDragon has a dual token economic system, where players can earn income simply by playing the game. The end goal is to defeat the cyber dragon, which is the game’s ultimate boss. If victorious, players will receive Cyber Dragon treasure rewards as a prize.

The BinaryX (BNX)  team aims to attract players by providing a game with low barriers to entry, simple vocabulary, and different game scenarios that revolve around play to earn. Players create a character, which can be leveled up by consuming gold, the in-game currency.

Players can obtain gold by completing dungeon adventures or daily mining. Leveling up a character results in increased combat power and mining speed, although it does not increase the character’s basic attributes. Certain challenges and high-level jobs can only be unlocked once a user reaches a commensurate level. There are five character classes players can choose from:

Now that we are clear about BinaryX (BNX), do you think BNX will be beneficial crypto in 2022? Join me and let us see the charts in this BNX price analysis and BNX price prediction.

BinaryX (BNX) Current Market Status

As of the time of writing this BinaryX (BNX) price analysis, BNX trades at $140.50 with a 24-hour trading volume of $53,100.912.93. The price of BNX has decreased by 3.43% in the last 24 hours.

Furthermore, BinaryX (BNX) has a current total supply of 2,022,898 BNX according to CoinMarketCap. Currently, the top cryptocurrency exchanges for BNX are Binance, Kucoin, Gate.io, Mexc, PancakeSwap, and others.

Now, let’s proceed to the next part of this BinaryX (BNX) technical analysis for 2022.

BinaryX (BNX) Price Analysis 2022

Currently, BinaryX (BNX) holds 223rd place on CoinMarketCap. But will the latest upgrades, development, and changes in the BinaryX (BNX) ecosystem help the cryptocurrency price to reach higher? Let’s proceed to the charts in this BNX price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for BNX/USDT, we can deduce that the price of BinaryX (BNX) might get bullish in some days since the price is in the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 63.58.  This shows that BNX is showing a strong trend since its RSI lies between 50 and 70. This value can trigger a bullish run if investors reposition themselves either toward the buyers.

From the chart above, the 50-MA is below the 10-MA which means that short-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are below the recently formed candlestick, the next bullish run might be long.

BinaryX (BNX) Price Prediction 2022

The chart below shows that BinaryX (BNX) has been affected by the crypto market downtrend in recent times. Moreover, the BNX price shows a bearish trend. If this trend reverses, BNX might run along with the bulls, overtaking its $171.1 resistance1 level and moving higher to $203.3 at the resistance2 level, the 2022 bullish signal.

Conversely, if the investors turn towards the crypto, the bears might take over and push BinaryX (BNX) from its downtrend position. In simpler terms, the price of BNX might plummet to almost $12.5 at support5 and plummet further a bearish signal.

Meanwhile, our long-term BNX price prediction for 2022 is bullish. It has a high possibility of reaching new heights. More so, this will only happen if it breaks many past psychological resistances.

If this bullish trend continues, BinaryX (BNX) will reach $203.3 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $171.1. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $400 is quite optimistic in the price point of view but undoubtedly feasible for the BNX future.

BinaryX (BNX) Price Prediction 2023

If BinaryX (BNX) holds the support level around 50-MA, the long-term moving average of 50 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $600, making it not plummet but play consistently.

BinaryX (BNX) Price Prediction 2024

As per the latest upgrades, developments, BinaryX (BNX) price prediction, and new project forecasts of the platform, BinaryX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of BNX in the crypto market, and it will be the best investment as the price can spike and reach around $1000.

BinaryX (BNX) Price Prediction 2025

In the next four years, BNX’s price could race up to $2000. However, reaching this level could not be so difficult for BinaryX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BNX has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

BinaryX (BNX) Price Prediction 2026

In the next five years, BNX’s price could race up to $4000. However, reaching this level could not be so difficult for BinaryX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BNX has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

BinaryX (BNX) Price Prediction 2027

In the next six years, BNX’s price could race up to $6000. However, reaching this level could not be so difficult for BinaryX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BNX has a high possibility of reaching a new ATH soon in the next six years as per the prediction.

BinaryX (BNX) Price Prediction 2028

In the next seven years, BNX’s price could race up to $8000. However, reaching this level could not be so difficult for BinaryX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BNX has a high possibility of reaching a new ATH soon in the next seven years as per the prediction.

BinaryX (BNX) Price Prediction 2029

In the next eight years, BNX’s price could race up to $10000. However, reaching this level could not be so difficult for BinaryX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BNX has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

BinaryX (BNX) Price Prediction 2030

As per the latest upgrades, developments, BinaryX (BNX) price prediction, and new project forecasts of the platform, BinaryX investors could expect many partnerships and integrations around 2030. Moreover, this might boost the price of BNX in the crypto market, and it will be the best investment as the price can spike and reach around $12000.

Conclusion

BinaryX (BNX) has a bright future ahead of it in 2022. With the ongoing developments happening within the BinaryX ecosystem, as well as in the overall crypto market, we may see BNX reach new heights.

Bullish Optimism price prediction 2022 is $203.3. As said above, it may even reach its new ATH if investors have decided that BNX is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.