The cryptocurrency industry is growing extensively despite the many challenges it faces and the regulations that countries operate under. The entire cryptocurrency market is growing and growing in popularity and users. As cryptocurrencies are considered to be the future of the financial industry, many institutional investors see them as an investment vehicle.
Several cryptocurrencies are trending upwards in the market, while some cryptocurrencies are outperforming the leading cryptocurrencies. It is important to note that cryptocurrencies are volatile in nature and hence it is partly risky and partly profitable. Some digital assets are rising in price value and some are falling, depending on the sell and buy rates of the day.
MOBOX is known as “GameFi”, a combination of the words “game” and “decentralized finance (DeFi)”. The term “DeFi” refers to a variety of services that eliminate the middleman in financial transactions. It is a no-cost, “earn while you play” game.MOBOX users use KEYs to open boxes and receive random MoMo NFTs that can be purchased and traded.
Current market conditions
MBOX is trading at $7.28 with a volume of $1,043,277,44 in the last 24 hours.MBOX’s price value spiked to 81% in one week and was up 64% on the day. MBOX currently has a circulating supply of 78,059,316 coins, ranking it 237th.
The price value of MBOX rose from $4.27 to $7.28 in one week. Through 30 days of statistics, the trading charts show that MBOX has gained over 62%, which seems impressive. Moreover, MBOX can be traded on top exchanges such as Binance, Mandala Exchange, Gate.io, Bitget and ZT.
Considering the recent updates, Mobox’s announced partnership with Binance Labs could be the reason for the price spike. It has partnered with BinanceNFT on the newly launched METAfund, which allows game developers to bring their creations to life on the METAverse. the MBOX ecosystem offers more exciting updates for its users, which will contribute to more price spikes. If the bullish trend continues, then MBOX will soon set up a new ATH.