After the launch of MoBox on Binance Staking Launchpool, MBOX took a strong breakout with +160% gains in a week. Let’s take a quick look at MBOX, its price analysis, and possible reasons for the recent breakout.
What is MoBox?
MoBox MBOX is an NFT gaming ecosystem built on Binance Smart Chain, a community-driven platform empowering users by rewarding them for their engagement and enjoyment. It combines yield farming in DeFi with gaming NFTs, creating a free-to-play, play-to-earn gaming model. MOBOX Platform combines DeFi and Gaming NFT, creating a truly free-to-play and play-to-earn ecosystem.
MBOX Price Analysis
At the time of writing, MBOX is ranked the 219th cryptocurrency globally and the current price is A$12.21. This represents a +760% increase since the launch of its ICO at Binance Launchpad on (August 21, 2021). Have a look at the chart below for price analysis.
After the launch of MBOX on Binance Staking Launchpool, it pumped up to A$13.80 having +160% gains in a week, and the initial opening price of MBOX was A$2.74 at Binance Exchange with many different trading pairs such as MBOX/BTC, MBOX/USDT, and MBOX/BNB.
Currently, MBOX is trading at A$12.25 price levels after breaking out the squeeze resistance in its sideways trend and is now heading towards its all-time high price.
What Do the Technical Indicators Say?
The MBOX TradingView indicators (on the 1 day) mainly indicate MBOX as a strong buy, except the Moving Averages which indicate MBOX as a buy.
So Why Did MBOX Breakout?
After the MBOX opening at Binance Staking Launchpool, mostly ICOs pump after going live on exchange for trade, and general market sentiment seems to suggest cryptos are hopefully turning back bull run season after recent massive price corrections. And then the suggested start of the Altcoins season could have contributed to the recent breakout. It could also be attributed to some recent news regarding the Binance Launchpool Listing.
Where to Buy or Trade MBOX?
MoBox has the highest liquidity on Binance Exchange, so that would help for trading MBOX/BTC, MBOX/BNB, or MBOX/USDT pairs. However, you can also buy MBOX from different exchanges listed on Coinmarketcap.
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