After the failure of the HMSTR token, the eyes are on the X Empire price performance past its listing this month. The latest Telegram Tap-to-earn game, X Empire, has gained significant popularity with the in-game cartoon animations of popular crypto celebrities like Elon Musk, Michael Saylor, etc. Moreover, it also offered daily rewards and simple earning opportunities for the players. Now, with an airdrop and TGE, the players are waiting for the outcome of their months-long efforts.
Factors Favoring The X Empire Price Rally
After much delay, the X Empire airdrop and token listing event is finally happening on October 24, 2024, at 12:00 UTC. This listing was supposed to happen the previous month, but the team has postponed it to this month’s end due to some unexplained reasons. Meanwhile, waiting for this event, the player’s anticipation grew even higher after witnessing the Hamster Kombat token failing miserably on the charts.
With the anticipation around the new launch and one of the biggest airdrops following the phased distribution approach, where the early member will be rewarded first, this might create surge hype around the token, favoring the X Empire price rally. Additionally, this phased distribution will reduce the volatility around the token, as mass distribution causes high volatility, but this transparent and controlled distribution might increase the token’s credibility and adoption.
Additionally, the user’s sentiments have already turned greedy, and the Bitcoin price is moving with the bulls. So, if the market conditions stayed the same, the X price might also have a good start.
Factors Limiting X Empire Token’s Performance
This Telegram mini-game recently completed its mining phase in the previous month and introduced a two-week Chill Phase as an opportunity to earn more before the airdrop. This delay has also disappointed the users. More importantly, the team made the same decision as its competitor, restricting millions of its followers from the airdrop. As a result, it is receiving heavy backlash from the players. Out of its 50 Million players, only 6 Million are eligible for the reward, creating negative sentiments around it, which could impact the X Expire price badly. It is the exact reason why the HMSTR price is struggling, but things might change with Season 2.
My Dear @xempiregame team many people worked for months. When all those users checked their allocation they got nothing. And some influencers got X Tokens in crores. Please provide allocation to everyone.
They are the main piller of X Empire project 👀#X $X #XEmpire pic.twitter.com/ksPGMWI1EU
— Chandu Gogula 🧡 (@jchandu67) October 19, 2024
Additionally, the token is rumored to have a listing price of $0.0002, which is not grand enough, as major tokens launched with a beginning price of $0.001 to $0.01. It could also impact the player’s sentiments. On the other hand, buyers might prefer this token at this low buying price.
Will X Empire Price Hit $1 Past Airdrop & Listing?
Despite heavy demand, there are heavy concerns among holders about the X Empire price performance. As the X Empire token team has blocked $44 million users, which is higher than Hamster Kombat’s incident, the users are blasting anger in X posts. These negative sentiments at this crucial time could limit the performance of the token past the airdrop and token launch. Moreover, with the expected listing price around $0.0002, the target of $1 is a bit unrealistic, especially in the beginning. More importantly, many popular meme coins and tokens have suffered to reach the same $1 milestone for years, so it would be too grand if this newly launched token did so in such a short time.
However, if the hype and bulls’ dominance continue, the X Empire price will certainly grow. Now, it has to see how the volatility past the X Empire token airdrop will impact the token price.
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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