MOBOX price analysis after today’s appreciation

By: Invezz

MOBOX/USDT has skyrocketed from $4.9 to $8.3 in less than twenty-four hours, and the current price stands at $7. Technically looking, MOBOX/USDT remains in a correction phase, and the risk of further decline still persists.

Gaming platform

MOBOX is a gaming platform that combines yield farming and farming NFTs to create a free-to-play and play-to-earn ecosystem. This platform has a set of tools that completes a truly decentralized ecosystem, and it is driven by the community.

It is important to say that the MOBOX platform has a decentralized and centralized wallet, while users can also choose to register with their social media accounts.

MOBOX has also created a wallet plugin and Android and iOS apps to ensure users always have the easiest access. In this way, your crypto and NFTs can be accessed from anywhere in the most secure way.

MOBOX rewards users for their engagement and enjoyment by using innovative tokenomics, utilizing finance, and games. Whether it is yield farming, developing games, or creating unique NFTs, MOBOX rewards everybody for their contributions.

MOBOX is continuously working on new features and options, which are very important for expanding its ecosystem. The popularity of this platform is rising across the globe, while the team of MOBOX recently reported:

With years of experience in game development, team MOBOX will be releasing various in-house developed games for the MOBOX platform. To foster the MOBOX ecosystem and realizing the true potential of NFT interoperability, MOMO NFTs can be used across all the games, with each NFT providing unique in-game uses depending on the game genre.

MOBOX is the native cryptocurrency of this platform, and MOBOX currently supports four single token strategies and eight LP token strategies. 

MOBOX has exploded since the beginning of November 2021, and this cryptocurrency continues to be in the focus of traders. The daily volume of MOBOX remains high, but the current price appreciation has a less fundamental background.

MOBOX has skyrocketed

MOBOX/USDT has been one of the best performers on the cryptocurrency market this month, and the price of this cryptocurrency has advanced above $8 this Friday.

Data source: tradingview.com

MOBOX is currently trading below the recent highs, and it would be a strong sell signal if the price falls below $6 support.

The next price target could be at $5 or even below; still, if the price jumps again above $8, we have the open way to $9.

Summary

With a unique infrastructure on the growing DeFi ecosystem, MOBOX offers you the ability to play for free and to earn in one singular process. MOBOX/USDT has been one of the best performers on the cryptocurrency market this Friday, and the price of this cryptocurrency has reached levels above $8.

The post MOBOX price analysis after today’s appreciation appeared first on Invezz.

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