Black Phoenix (BPX) Surges 4,400,000% in 24 Hours, Aims to Become a Top 5 Cryptocurrency

The crypto industry has been dominated by the recovery of major cryptocurrencies and regulatory developments, but one unexpected player has taken the market by storm.

The cryptocurrency market has seen a lot of movement lately, with the recovery of major cryptocurrencies and regulatory developments taking center stage. However, one unexpected player has managed to steal the show and take the market by storm.

Enter Black Phoenix, a payment system protocol and the native token that powers it, BPX. The token has seen an astronomical rise in price, outperforming the entire market with historical performance.

Notably, the BPX token reached an all-time high of $2.60 on May 22, fueled by a staggering 4,400,000% growth in the past 24 hours and over 6,500,000% in the past fourteen days.

This incredible surge has naturally attracted attention, prompting investors to examine the protocol’s underlying principles and design more closely.

Exploring The Black Phoenix Design

As outlined in the protocol’s “Black Paper” (released in April 2021), Black Phoenix presents a fully on-chain liquidity protocol for instant cryptocurrency token swaps in a decentralized manner on any smart contract-enabled blockchain.

The protocol’s design aggregates liquidity within each blockchain, claiming to offer “the best rates” for takers executing trades. Furthermore, Black Phoenix envisions a connected liquidity network that will facilitate seamless cross-chain token swaps across its networks on different chains, with its token being based on the Tron (TRX) blockchain.

To facilitate a distributed infrastructure services economy, Black Phoenix has introduced its native token, BPX. The token aims to highlight the inefficiencies in the current protocol and aims to attract a broad user base, ultimately creating a marketplace for distributed infrastructure services.

Black Phoenix’s short-term and long-term goals include achieving reputable exchange listings, increasing the token’s value, and expanding its user base.

Currently, BPX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Black Phoenix is FameEX, where the most active trading pair BPX/USDT had a trading volume of $2,809,201 in the last 24 hours, which has been the propeller of the current uptrend.

However, Black Phoenix plans to list the BPX token on several exchanges, including Hotbit, Hitbtc, Coinex, Binance, and Coinbase Pro.

Trading Volume Skyrockets 2,800,000%

One key indicator of Black Phoenix’s recent success is the increase in trading volume. CoinGecko data shows a significant spike in trading volume for BPX on Wednesday, reaching 2,800,000%.

At the same time, Black Phoenix’s market capitalization has risen to $3.8 billion, a significant increase from $29 million in hours.

The fully diluted valuation (FDV) is a statistical representation of the maximum market capitalization an asset can achieve, assuming that all available tokens are in circulation.

For Black Phoenix, the FDV currently stands at an impressive $10.4 billion. This valuation represents the potential growth and market cap of BPX if all 4 billion tokens were in circulation.

Following the notable surge in all key metrics for BPX, the project’s team has made a bold prediction, stating that BPX will soon become one of the top 5 cryptocurrencies in the world.

Ultimately, the potential listing of Black Phoenix’s token on top exchanges promises to propel its upward trend further. However, as is typical for all cryptocurrencies, the extent of its surge and the subsequent occurrence of a market correction remains uncertain.