X Empire, the Elon Musk-inspired tap-to-earn meme coin has taken the crypto market by storm, rising by more than 55% in the last 24 hours. The gain followed an earlier rise by 96% on Monday. The sharp spike comes in a crypto market beaten up by a widespread sour market sentiment linked to the risk aversion created by the trade tariff war.
The X Empire coin’s 24-hour trading volume was up by 473%, signifying strong buyer appetite despite the sharp rise in the price. That will likely result in further gains by X Empire Coin in the coming days.
X Empire blends gaming with elements of Decentralised Finance (DeFi). The coin is obtained from its eponymous Telegram-based game, where players participate in a game of building a business empire to become a billionaire CEO, inspired by Elon Musk. They earn tokens by completing tasks and coins by tapping on the game to rise to higher levels, through which they improve their business skills, including negotiations and signing contracts. The tokens are then redeemable for X Empire coins.
On the downside, tap-to-earn games have developed a reputation for extreme volatility, and there’s no telling whether it will hold on to its latest rise. For instance, X Empire coin price swung between highs of $0.00010 and lows of $0.000070 in the course of the day.
X Empire Coin Price Prediction
X Empire Coin price pivot mark pivots at $0.00007 and the sellers will be in control if action stays below that level. That momentum will likely send the coin lower to the first support at $0.00006. However, a stronger downward momentum will break below that level and test the second support at $0.00005.
On the other hand, moving above $0.00007 will favour the buyers to take control. That will likely lead to further gains to test the first barrier at $0.00008. The downside narrative will be invalid if the price breaks above that level. Also, that could result in further gains to test the second resistance $0.00009.
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