Cryptocurrency is always a rollercoaster, and the recent fluctuations in X Empire’s ecosystem have left many users uncertain. As of a few hours ago, users have reported mixed experiences with their tokens.
For instance, a user by the name of Ben shared in the Telegram channel, “I checked my tokens at 9:00 a.m. today, and now I see an error saying, ‘Unfortunately, your activity in the game was not enough.’” Another user, peter, mentioned that despite holding 35,000 X tokens, they are now being told they are “not eligible” to receive them.
In response to this, X Empire’s team quickly addressed the issue on their community page, noting, “Some of you may have encountered an issue with the balance display in the app. The bug has been fixed.” After this, I decided to check my own app, and sure enough, my tokens had reappeared, along with an option to convert NFTs to X tokens.
How to Convert NFTs to X Tokens
To convert your NFTs to X tokens, follow the instructions laid out within the app. X Empire has simplified the process—there’s a button that walks you through copying the necessary details and converting your assets. With the app functioning again, let’s dive into the crucial question: What could the token price of X Empire be?
Understanding Market Cap and Its Role in Token Pricing
Before predicting the price, it’s essential to understand Market Capitalization (Market Cap). Market cap is the total value of a company, represented in dollars, and is calculated using this formula:
Market Cap = Price of Token × Circulating Supply
To reverse-engineer the price of a token, we can rearrange the formula:
Price of Token = Market Cap ÷ Circulating Supply
Now, let’s use this formula to speculate on X Empire’s potential token price.
X Empire’s Tokenomics
X Empire has a total supply of 690 billion tokens, with 75% (517.5 billion tokens) allocated to miners and voucher holders. The remaining 25% is reserved for the platform to sell at a later time, similar to how real estate companies sell land—holding some tokens back for when their value increases.
Using this data, we now need to compare X Empire’s token metrics with other cryptocurrency projects to estimate their potential market cap.
Comparable Market Caps in the Industry
- NotCoin:
- Market Cap: $815 million
- Number of players: 40 million
- Initial Price: $0.05
- Highest Price: $0.0729
- Current Price: $0.07
- Dogs:
- Market Cap: $366 million
- Number of players: 53 million
- Initial Price: $0.005
- Highest Price: $0.0025
- Current Price: $0.0079
- Hamster:
- Market Cap: $243 million
- Number of players: 131 million
- Initial Price: $0.005
- Highest Price: Same as the initial price, $0.005
Predicting X Empire’s Token Price
X Empire currently has 24 million users and a circulating supply of 517.5 billion tokens. Using the market caps of NCoin, Dogs, and Hamster as references, we can estimate the potential price of X Empire’s token.
If X Empire launches with a market cap of $200 million, we can calculate the token price as follows:
Price = $200 million ÷ 517.5 billion tokens = $0.0003868
At this market cap, if you own 10,000 X Empire tokens, their value would be around $3.86. If you have 100,000 tokens, you’d be looking at around $38.68.
What If the Market Cap Is Higher?
Now, let’s consider the scenario where X Empire’s market cap reaches $500 million. This would significantly increase the token price:
Price = $500 million ÷ 517.5 billion tokens = $0.0009682
At this higher market cap:
- If you hold 10,000 tokens, they’d be worth $9.68.
- If you hold 100,000 tokens, their value would jump to around $96.82.
What Should You Do?
Based on these calculations, X Empire’s token price could fall anywhere between $0.0003868 and $0.0009682, depending on the market cap at launch. While there’s a lot of potential, I recommend moving your earnings into a stablecoin, like USDT, once the token is listed. This will protect you from potential fluctuations and ensure your earnings retain their value.
The next 24 hours will be critical. Stay tuned for X Empire’s official launch and keep an eye on the market to make the most informed decision possible.
This speculative analysis provides insights into how X Empire’s token value could unfold based on market cap comparisons with similar projects. As always, it’s essential to stay informed and plan your investment strategy carefully to maximize gains.
