Even after two days of consolidation, the X Empire price is showing no signs of any uptrend. The token is a complete disappointment for its holders despite its newly launched profile. However, it did gain a quick rally, where the price surged almost 400% within the first hour, but the price plummeted heavily after that. Nevertheless, the drop did not just begin with the launch.
Interestingly, the signs of a downtrend were visible even before that. Some even claim to witness X Empire following the HMSTR price pattern, and that might be happening right now, as both the tokens are facing heavy losses.
Analyzing The X Empire Price Performance
X Empire (X) is one of the most popular Telegram games, with a user base of 50 Million. More importantly, it has been following the footsteps of Hamster Kombat, the trendsetter of this industry with a 300M user base. Within a short time, X achieved great popularity and listing on many popular crypto exchanges on October 24. However, like any other trending crypto coins, the X Empire price is also struggling, losing 28.7% of value since launch and 2.84% in the last 24 hours.
At the time of reporting, one X token is worth $0.00005678 and has a market capitalization of $39.71M. The trading volume has also plummeted over time, currently at $36.57M. An X post revealed that the token had a listing price of $0.00009599 and almost $100M in market capitalization. At that time, the trading volume surged to $350M, indicating its strong demand. However, that has plunged, with its airdrop volatility pushing it down.
There are many issues, beginning with the player’s disappointment with the X Empire airdrop and its ongoing price performance. Overall, this is making investors question the future of their investments with this token.
How High Can X Empire Price Go in November?
The X Empire price has disappointed its holders ever since listing just like HMSTR did. Many investors and crypto analysts have predicted a listing price of $0.0002, but it got listed at $0.00009599, which is less than half. However, this did not end there, as instead of rising to $1, the price plummeted to $0.00005678, making recovery even harder.
Regardless, after considering its popularity and recovery after this volatility, many crypto analysts have expected the token to grow to $0.000106 next. Some have even claimed to see the price rise to $0.000126. More importantly, if the Bulls are favored and season 2 is launched with the same hype, there is a possibility that they might cross the ATH of $0.0001301, which it achieved right after its launch.
What’s In There For You?
From the 50M user base, only 6M were eligible for the X airdrop, making it the biggest reason behind its downfall. However, with the promises of new features and updates in Season 2, there is certain hope among holders to see the X Empire price rise in the future. More importantly, many believers wish to witness the token peak closer to $1. However, despite that, it is hard to see this token aiming at super-high peaks due to the negative sentiments and limited growth potential from the market. More importantly, its performance is similar to HMSTR tokens, concerning many. Despite that, if it beats the odds, the price might surge to $0.0001301 in November.
The post How High Could X Empire Price Go in November? appeared first on CoinGape.
