X Empire price did not show any upward trend despite the two-day consolidation period after its new launch. The token was disappointing for its users. Although it saw an increase of approximately 400% in the first hours, the price dropped significantly afterwards.
Analysis of X Empire Price Performance
X Empire is a popular Telegram game with a user base of 50 million and was listed on many crypto exchanges on October 24. However, it underlined the classic situation by losing 28.7% of its value since the launch and falling by 2.84% in the last 24 hours.
Some crypto analysts expect the price of X Empire to rise to $0.000106 or $0.000126 in November. Additionally, with the launch of season 2 with the same excitement, the price has the potential to surpass the $0.0001301 ATH level. However, if we remember the HMSTR Token example, it can also be said that these expectations are overly optimistic.
What to Expect for Investors?
The fact that only 6 million of the 50 million user base were eligible for airdrop was one of the biggest factors in the decline of X Empire. New features and updates that will be introduced in Season 2 increase the hope of the token gaining value in the future.
The performance of X Empire is also compared to HMSTR tokens with a similar structure. Negative market sentiment and limited growth potential make major bullish ambitions for the token difficult. In addition, the investor profile here should be well understood. When we say airdrop to 50 million users or 6 million addresses, we should know that these numbers are inflated. Many users are hunting for airdrops from too many accounts. Moreover, after receiving an airdrop from a project, they sell the assets and enter the next airdrop challenge.
In addition to all this, investors who are connected to crypto through Telegram games have a weak interest in crypto, as we see in HMSTR and other examples. The main motivation here is to delete the minigame on the Telegram page after receiving the airdrop. Because there is so much potential to earn airdrops, and while they take the time to do so, the ones left behind must turn to ghost apps at some point. What can a Telegram minigame offer in the long run?
As a result, X Empire’s future price movements will depend on the success of season 2 and general market conditions. It is important for investors to take a careful and conscious approach during this period.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
