The popular tap-to-earn Telegram game, X Empire, is gearing up to be listed on top exchanges like Binance, Bybit, and Bitget today. It is a significant move for the game as the team shared on X that “Over 4,000,000 players have already linked their wallets and are ready to receive their tokens.”
When it comes to predicting the potential price of X Empire ($XEMP), crypto experts are drawing comparisons with another project like MemeFi.
Courtesy: X Empire X account
MemeFi has got around 11 million users, while X Empire with nearly 9 million users, indicates a 22% reduction in certain metrics for X Empire. But X Empire’s YouTube channel has now grown to over 5 million subscribers and has garnered over 210 million views.
Thus, considering MemeFi’s pricing ranging between $0.60 to $0.70 with a circulating supply of 1 billion tokens, the estimated initial price would be anywhere between $0.47 to $0.55 per token, as suggested by crypto analysts. Note that the price of X Empire is purely speculative at this point, and the actual value will only be determined once it officially lists.
However, several factors will decide $XEMP’s price including initial trading volume, user adoption rates, overall market conditions at launch, and the perceived value of X Empire’s utility within its ecosystem.
Amidst the failing Hamster Kombat airdrop event, users are ever more cautious about new projects. Even if the project has not shown any symptoms of HMSTR collapse, usually several airdropped tokens have slumped immediately after listing as early holders sell. But even in that case, it is ultimately the long-term performance metrics laid on the project’s fundamentals that determines project success. Till then, one can only wait and watch.