X Empire, the widely popular tap-to-earn game on Telegram, is gearing up for an airdrop. The team shared on X that “Over 4,000,000 players have already linked their wallets and are ready to receive their tokens.
Set to be listed on top exchanges like Binance, Bybit, and Bitget by September 30th, 2024, X Empire is poised for a major launch. This move represents a significant milestone for the game, which has already amassed a large following thanks to its captivating gameplay and rewarding system.
Alongside the exchange listings, X Empire has announced an exciting airdrop event slated to occur before the end of September. This event will give users the opportunity to receive free tokens, adding to the game’s growing popularity and attracting even more players to the platform. The anticipated airdrop is expected to create a buzz within the crypto community, as users eagerly await the chance to earn valuable tokens simply by participating in the X Empire ecosystem.
With its token’s debut on major exchanges, X Empire is expected to gain enhanced liquidity and trading volume, potentially increasing its value. The combination of a vast and active user base, the upcoming exchange listings, and the planned airdrop positions X Empire to strengthen its standing as a leading project in the “tap to earn” gaming industry.
When forecasting the potential price of X Empire ($XEMP), it's insightful to draw comparisons with a similar project like MemeFi, which has a well-established community. MemeFi boasts around 11 million users, while X Empire has a slightly smaller community of approximately 9 million users. This difference in community size is crucial in predicting $XEMP’s price, as a 22% reduction in certain metrics can provide a more tailored estimate for X Empire.
Scenario 1: Circulating Supply of 1 Billion Tokens
If we take MemeFi’s pricing structure as a base, where the token price could range between $0.60 to $0.70 with a circulating supply of 1 billion tokens, we can apply a 22% reduction for X Empire:
For X Empire: The estimated initial price would range between $0.47 to $0.55 per token. This reduction accounts for the smaller community, which might lead to slightly lower demand compared to MemeFi.
Market Capitalization: At the higher end of this range, $XEMP would have a market cap of $550 million, positioning it as a competitive player in the cryptocurrency market.
Scenario 2: Circulating Supply of 10 Billion Tokens
Using a similar approach, if X Empire were to launch with a circulating supply of 10 billion tokens, the price prediction can again be adjusted based on the MemeFi model:
For X Empire: With a 22% reduction, the initial price could range between $0.047 to $0.055 per token. This reflects the increased availability of tokens in the market while considering the smaller user base.
Market Capitalization: Even with this larger supply, the market cap would still approximate $550 million, similar to the first scenario, but with a lower per-token price.
Also Read: Upcoming Crypto Exchange Listings, Airdrops and TGE to Watch