Connect with us

Market

5 Facts About Binance’s Moonbix Telegram Game

Published

on


Binance recently launched the Telegram mini-game Moonbix, citing a novel tap-to-earn gameplay centered on skill and timing.

With this game, the largest exchange on trading volume metrics looks to compete with tap-to-earn pioneers such as Notcoin and Hamster Kombat. The common denominator is that they all offer different avenues for players to make money.

What to Know About Binance Moonbix Game

Binance launched the crypto-themed Telegram Mini App game on September 19, marking its initial foray into the play-to-earn (P2E) space. It highlights the exchange’s newly found interest in pursuing blockchain-based games.

“The game taps into the growing popularity of Telegram mini-apps and aligns with the increasing interest in casual, crypto-themed gaming. Moonbix players take on the role of crypto space explorers, navigating a virtual galaxy to collect special items, complete tasks, and earn points,” Binance said in a Telegram announcement.

While Moonbix leverages the popular crypto rewards narrative, it capitalizes on the uniqueness of space exploration for a market edge. Here are five facts about Binance’s Telegram game.

Almost 15 Million Players in a Week

According to Moonbix’s Telegram, the game is nearing 15 million monthly users, a solid achievement for a game that is barely a week old. This reflects players’ interest in both entertainment and earning opportunities.

As of now, Moonbix has 14.95 million players, with its user base nearly doubling since Monday, suggesting even faster growth ahead. This momentum puts the game on track to surpass DOGS and Notcoin (NOT), which have 53 million and 35 million players, respectively.

Read more: Top 7 Telegram Tap-to-Earn Games to Play in 2024

Interest in Moonbix began even before its launch, as leaked screenshots of Binance’s entry into the Telegram mini app trend sparked curiosity.

“We’re aware that our upcoming TG mini-app game, Moonbix, was leaked ahead of the planned launch date. While we’re thrilled by the community’s response, we’re still fine-tuning the product to ensure the best user experience on the official launch,” Binance wrote.

Vietnamese Players Top Moonbix Leaderboard

As BeInCrypto reported, Vietnamese players make up the majority of Moonbix’s “Hall of Fame” rankings and top the leaderboards.

However, achieving a high score quickly in Moonbix is challenging. Completing all tasks in the game earns a player around 11,500 points, making it difficult to rise up the ranks without additional help. Many players rely on the referral option, which rewards them with 10,000 extra points for inviting 10 new users.

To become a top player, one would need to invite between 100 and 300 people, which is why some participants turn to external “tools” to boost their scores.

Many Players Are Using Tools to Cheat

The use of enabling tools in Moonbix is unsurprising, given the challenging nature of its tap-to-earn gameplay. Some players have resorted to using their own tools to automate gameplay across multiple windows and accounts.

However, this approach risks detection for fraudulent behavior. For instance, Hamster Kombat (HMSTR), a game also vying for a Binance listing, recently banned 2.3 million players for cheating.

Other common cheating strategies include buying bulk Telegram accounts to “farm” the game and purchasing referrals rather than earning them through legitimate invitations.

Google Trends data reveals that Ethiopia leads the world in Moonbix-related searches. The country’s strong interest in this tap-to-earn game has propelled it ahead of other nations like Afghanistan, Myanmar, Maldives, and Pakistan.

Moonbix searches on regional metrics
Moonbix Searches on Regional Metrics. Source: Google Trends

Moonbix’s unique combination of space exploration and crypto rewards has captured global attention, offering players a fresh and engaging way to earn while playing. Its integration with Telegram, a widely-used messaging platform known for its secure and user-friendly interface, has further fueled this growing interest.

Moonbix Helps Binance Attract New Users

Binance’s terms and conditions for Moonbix mandate that players complete Know-Your-Customer (KYC) verification. This requirement is essential for users to participate in the game and claim rewards in the future. By signing up and undergoing KYC, players contribute to the growing user base on the exchange.

“Only users from qualified regions who bound their Binance account in Moonbix — the Binance telegram mini app, and complete KYC shall be eligible for any rewards,” a paragraph in the guide reads.

Looking ahead, the Moonbix game has the potential to garner intense traction. The increasing interest in the broader Play-to-Earn (P2E) and Tap-to-Earn (T2E) niches also provides tailwinds.

Read more: What Are Telegram Mini Apps? A Guide for Crypto Beginners

However, like other Telegram games, such as Catizen and Hamster Kombat, Moonbix may also be caught in the crosshairs of the ecosystem’s woes. Negativity around Telegram’s recent policy changes may affect its projects.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Market

Solana (SOL) Price Rises 13% But Fails to Break $136 Resistance

Published

on


Solana (SOL) has climbed 13% over the past seven days, showcasing strong short-term performance. While momentum indicators like the RSI and EMA lines remain supportive, recent price action suggests that bullish strength may be stalling just below a key breakout point.

At the same time, the sharp drop in BBTrend indicates weakening trend strength and fading volatility, often a sign of incoming consolidation or market indecision. With technicals at a crossroads, SOL’s next move will likely depend on whether buyers can regain control or if a broader pullback begins to unfold.

SOL RSI Rises Sharply, but Pause in Momentum Signals Caution

Solana’s Relative Strength Index (RSI) is currently at 60.35, marking a noticeable rise from 45 just two days ago.

This jump signals growing bullish momentum, although the RSI has remained stable since yesterday, suggesting that upward pressure may be easing for now.

The increase reflects renewed buying interest in recent sessions, pushing SOL closer to overbought territory but not quite there yet. This leveling off could indicate that the market is taking a breather before deciding its next move.

SOL RSI.
SOL RSI. Source: TradingView.

The RSI is a momentum oscillator that measures the speed and magnitude of price movements, ranging from 0 to 100. Values above 70 typically indicate that an asset is overbought and may be due for a pullback, while readings below 30 suggest oversold conditions, potentially signaling a buying opportunity.

With Solana’s RSI at 60.35, the asset is approaching bullish territory but hasn’t yet entered an extreme zone.

This positioning suggests that while recent momentum is positive, SOL could face some short-term consolidation or resistance before continuing higher—unless strong buying interest resumes and pushes the RSI closer to overbought levels.

SOL Trend Strength Weakens as BBTrend Falls Below 6

Solana’s BBTrend indicator is currently at 5.69, a significant drop from the 17.5 reading observed just four days ago.

This sharp decline suggests that volatility around SOL’s price has cooled notably, and the strength of the prior trend is weakening.

While BBTrend doesn’t signal direction on its own, the drop indicates that the strong movement, likely bullish, has lost momentum, and SOL may be entering a phase of consolidation or uncertainty.

SOL BBTrend.
SOL BBTrend. Source: TradingView.

BBTrend, short for Bollinger Band Trend, measures the strength of a price trend based on the expansion or contraction of Bollinger Bands.

Higher values suggest a strong, directional move (either up or down), while lower values point to weaker trends and reduced volatility. With BBTrend now at 5.69, Solana is in a much less volatile environment, which often precedes a breakout or a reversal.

For now, this reading signals that the recent momentum is fading. Unless volatility picks up again, SOL’s price may remain range-bound in the short term.

Golden Cross Looms for SOL, But $136 Barrier Still Holding Strong

Solana’s EMA lines continue to reflect a bullish structure, with the short-term average trending above the long-term one—suggesting that positive momentum remains intact.

A potential golden cross is also forming, which, if confirmed, would further reinforce the bullish outlook.

However, despite this favorable setup, Solana price has struggled to break through the $136 resistance level over the past few days, indicating that buyers may be losing steam at this key threshold.

Tracy Jin, COO of MEXC told BeInCrypto:

“Amid widespread volatility, Solana has stood out with notable strength. A combination of favorable technical setups and institutional tailwinds — such as the launch of the first spot Solana ETFs in North America — has helped drive a short-term rally. The token’s reclaim of leadership in decentralized exchange activity and rising total value locked further support the bullish case.”

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

If SOL manages to push above $136 with strong volume, it could open the path toward the next targets at $147 and potentially higher. But if the current momentum fades and the price reverses, a test of support at $124 becomes likely.

About Solana next moves, Jin told BeInCrypto:

“Despite recent gains, SOL’s near-term outlook remains sensitive to broader liquidity conditions. Any deterioration in market confidence — whether from macro shocks or renewed volatility in Bitcoin — could cap upside potential.”

A breakdown below that could accelerate losses toward $112, and in the event of a deeper correction, SOL could even revisit the $95 region.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Market

Pi Network Roadmap Frustrates Users Over Missing Timeline

Published

on


Pi Network released its Mainnet Migration Roadmap today. The roadmap lays out a three‑phase plan to move tens of millions of Pioneers who are still waiting to be moved to the open network. It also introduces new rewards, such as referral bonuses. 

However, unlike most project roadmaps, Pi network didn’t provide any estimated date or timeline. This lack of clarification has frustrated early adopters who still await key rewards and clarity on rollout pacing.

Pi Network’s Three‑Phase Migration Plan

According to the roadmap, Pi Network will first complete initial migrations for Pioneers already in the queue. This batch covers verified base mining rewards, Security Circle contributions, lockup commitments, utility‑app usage rewards, and confirmed Node rewards for some operators.

After clearing the first wave, the team will tackle second migrations, adding all referral mining bonuses linked to KYC‑verified team members. Pi says these referral rewards will follow once the current queue finishes.

Finally, the network will move into ongoing periodic migrations—potentially monthly or quarterly—to process any remaining bonuses and rewards. 

The cadence “is to be determined,” the roadmap notes.

Community Concerns and Critical Gaps

A thorough observation reveals several gaps and potential concerns in the roadmap. 

For one, the plan never discloses how many Pioneers remain in the queue or the network’s daily migration capacity. Without those figures, users can’t predict when their own migration will occur.

Node operators report that some “confirmed Node rewards” have landed, but criteria for qualification remain opaque. Early node runners worry they may miss out without clear benchmarks.

Many Pioneers say they have tapped their claim buttons daily since migration opened yet still lack basic mining rewards. They question whether those base rewards and deferred referral bonuses will ever arrive in phase two.

Also, the roadmap admits the UI’s “Transferable Balance” underestimates actual migrated amounts to save resources. Users fear this pessimistic display could erode trust if their true balances remain hidden.

“I thought we were mining all of these PI coins this whole time? I thought the security circles were the Consensus Mechanism. It kinda seems to me like there isn’t a blockchain, and never was one. What kind of “Blockchain protocol” would “Require” all tokens to be minted at genesis?” one community member wrote.

Crucially, Pi offers no audit or error‑resolution process for users who spot mismatches in their historical mining data. 

Given six years of complex records, occasional disputes seem inevitable, but the roadmap remains silent on redress.

All migrations hinge on KYC completion, yet the team omits any scaling targets or timelines for identity verification. A bottleneck here could stall every subsequent phase.

The schedule also ignores how major token unlock events—such as the roughly 108.9 million PI tokens due to release this month—will align with migration waves. 

pi network price chart
PI Monthly Price Chart. Source: TradingView

Finally, some Pioneers challenge the project’s foundational narrative. They note that Pi’s statement “all tokens were minted at genesis” contradicts six years of “mining.” 

This raises doubts about whether Pi ever operated on a true blockchain protocol.

In the past month, PI price has dipped by over 45%. To sustain momentum and community trust, the team must now supply concrete timelines, transparent criteria, and clear audit paths for its Mainnet migration.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





Source link

Continue Reading

Market

MEME Rallies 73%, BONE Follows

Published

on


The meme coin market is experiencing a surge in investor interest, helping certain tokens recover from their all-time lows (ATLs). Memecoin (MEME) is one such token that has avoided a new ATL and also posted a significant 73% rise.

BeInCrypto has analyzed two other meme coins that have performed well over the past day, making them important tokens to watch.

Memecoin (MEME)

  • Launch Date – November 2023
  • Total Circulating Supply – 43.11 Billion MEME
  • Maximum Supply – 69 Billion MEME
  • Fully Diluted Valuation (FDV) – $135.37 Million

MEME had a rough week, hitting a new all-time low at $0.00137. However, the altcoin rebounded sharply, rising by 38% in the last 24 hours to trade at $0.00196. This surge marks a significant recovery, driven by renewed interest in meme coins.

The recent surge in MEME’s price was fueled by a sudden spike in interest for joke tokens, driving a 73% intraday high. To maintain its gains, MEME must successfully breach and flip the $0.00228 resistance into support, a critical level for sustaining its upward momentum.

MEME
BAN Price Analysis. Source: TradingView

If MEME experiences profit-taking from investors, it could reverse course and drop back down to the all-time low of $0.00137. A decline through this level would invalidate the bullish outlook and signal further challenges for the meme coin.

Bone ShibaSwap (BONE)

  • Launch Date – July 2021
  • Total Circulating Supply – 249.89 Million BONE
  • Maximum Supply – 250 Million BONE
  • Fully Diluted Valuation (FDV) – $71.67 Million

BONE posted an impressive 18.5% rise over the last 24 hours, trading at $0.285. The altcoin is currently under the key resistance of $0.295. Given the recent momentum, it seems poised to breach this level, signaling a potential upward trajectory for the token in the near future.

Flipping the $0.295 resistance into support would open the door for BONE to target its next major resistance at $0.348. A sustained push above this level could drive further bullish sentiment, propelling the token toward even higher price levels.

BONE Price Analysis.
BONE Price Analysis. Source: TradingView

However, if BONE fails to breach $0.295, the bullish momentum could fade. A decline from this point could send the meme coin back towards $0.232, invalidating the optimistic outlook. Such a reversal would likely create caution among investors, delaying potential upward movement.

  • Launch Date – April 2024
  • Total Circulating Supply – 999.96 Million BAN
  • Maximum Supply – 1 Billion BAN
  • Fully Diluted Valuation (FDV) – $40.54 Million

BAN, a small-cap token, has caught the attention of investors, rising nearly 25% in the last 24 hours to trade at $0.040. This surge highlights the growing interest in the meme coin market, with BAN standing out despite its smaller market capitalization.

Inspired by the infamous banana taped to a wall, BAN gained significant fame after being purchased by Tron’s founder, Justin Sun, for $6.2 million last year. If the token continues its upward momentum, it could breach the $0.045 barrier and potentially flip it into support, securing its gains.

BAN Price Analysis.
BAN Price Analysis. Source: TradingView

However, failing to break through the $0.045 resistance could lead to a drop back to $0.032. If this occurs, it would invalidate the bullish outlook and erase the recent gains, putting investors on alert for further price declines.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io