X Empire, a tap-to-earn mini-game on Telegram, will officially launch its $X token on October 24, 2024. Based on current pre-market price trends, the token could start with an initial price of $0.0002, giving it a fully diluted market cap of approximately $138 million. The project’s large-scale community airdrop, one of the most extensive in the ecosystem, aims to reward early participants and drive player engagement.

• The X Empire token launch is scheduled for October 24, 2024. The total supply consists of 690 billion tokens, with 70% (483 billion tokens) allocated to miners and early adopters. 

• In pre-market trading on KuCoin, the token’s price has ranged between $0.000256 and $0.000282 USDT.

Although the initial listing is expected to attract significant interest, price predictions remain speculative. The $X token’s value will depend on factors such as community participation, liquidity, and future developments. Early volatility is likely as some participants may sell their airdrop rewards soon after the token launch.

Read more: X Empire Airdrop Set for October 24: Listing Details to Know

Pre-market activity for the $X token has shown strong interest, with prices ranging between $0.000256 and $0.000282 USDT. The pre-market offers early price discovery, though it may diverge from real-time prices at launch due to factors like market sentiment, liquidity, and community consensus. While these initial figures are promising, short-term price volatility is expected post-listing.

X Empire (X) is now available for pre-market trading on KuCoin, giving you early access to trade $X tokens ahead of its official spot market listing. Secure your position in the X Empire ecosystem and get a first look at $X prices before the broader market opens.

Given the speculative nature of new token launches, here are some possible scenarios:

• Bullish Case: If excitement continues post-launch, the token price could experience upward momentum beyond the initial listing price.

• Bearish Case: Early sell-offs could lead to a temporary price dip, stabilizing as the market absorbs the initial supply.

This table outlines potential price movements over the short, medium, and long term. In the short term, volatility is expected as airdrop participants may sell their tokens, while the medium and long-term outlooks will depend heavily on the project’s ability to innovate and grow its community.

Cryptocurrency investments are inherently volatile, especially with newly launched tokens. The price of $X may experience significant fluctuations due to market sentiment, airdrop-related sell-offs, or unexpected developments. Investors should approach with caution, conduct their own research, and consider both the potential rewards and risks before participating.

The X Empire tokenomics focuses on incentivizing early participation while setting aside reserves for future development and user growth. Below is a breakdown of the key aspects of the token's supply and distribution:

• Total Supply: 690 billion $X tokens

• Airdrop Allocation: 70% (483 billion tokens) distributed to miners and early adopters through the airdrop.

• Reserve for New Users and Future Development: 30% (207 billion tokens) reserved for onboarding new users, platform expansion, and future growth phases.

Several factors could influence the price of the X Empire ($X) token after its listing:

1. Airdrop Sell Pressure: With 70% (483 billion) of the total supply of 690 billion tokens allocated to miners and early adopters, some participants may sell their tokens soon after receiving them, potentially causing downward pressure.

2. Community Engagement: Sustained interest from players and the broader community will be crucial for maintaining demand and driving long-term value.

3. Token Utility and Use Cases: The introduction of new gameplay features, staking opportunities, or other token utilities can increase demand for $X.

4. Liquidity and Exchange Volume: Higher trading volume and sufficient liquidity will support stable price movements, reducing volatility.

5. Marketing and Adoption: Promotional efforts and new partnerships could attract more users, increasing demand for the token.

6. Broader Market Conditions: Trends in the overall crypto market, such as Bitcoin’s performance, could influence investor sentiment toward $X.

7. Token Inflation and Supply Management: If additional token releases or inflationary events occur, the token price could be affected unless counterbalanced by strong demand or deflationary mechanisms like token burning.

8. Competitor Activity: The launch of new play-to-earn games or similar projects could impact X Empire’s ability to attract and retain users, affecting token demand.

These factors, collectively or individually, will determine how the $X token performs in the short and long term following its official listing.

The launch of the $X token on October 24, 2024, marks a significant milestone for X Empire. While early pre-market activity suggests strong interest, short-term volatility is likely as the market adjusts to the influx of airdrop tokens.

X Empire’s success will hinge on community engagement and platform expansion in the coming months. Investors and players are encouraged to monitor the launch closely and stay informed on updates to make strategic decisions as the token enters the broader crypto market.

Read more: KuCoin Launches Pre-Market Trading for X Empire Ahead of Token Airdrop on Oct. 24