The price of BinaryX (BNX) is taking its final hurrah before its complete rebranding to Four (FORM) on March 21 within various crypto exchanges.

In the last 24 hours, the token exploded by over 66%, from a $1.19 low to a $1.98 high.

The price of BinaryX (BNX) is taking its final hurrah ahead of its complete rebranding to Four (FORM) on March 21 within various crypto exchanges. In the last 24 hours, the token exploded by over 66%, from a $1.19 low to a $1.98 high.

The event marked a massive milestone for BNX as it significantly surpassed its all-time high of $1.74 in July last year. It also elevated the market cap of its 380.8 million circulating supply to $755 million. In addition, the latest developments elevated the token’s trading volume by more than 410% within a day.

Meanwhile, the current peak translates to a massive gain from BinaryX’s all-time low of $0.143 in February. Since then, the token has risen by around 1,284%.

So far, this has been a surprising move from the cryptocurrency asset, as mainstream digital assets like Bitcoin (BTC), Ethereum (ETH), and XRP have been trending within a consolidation phase since last week.

What Makes BinaryX Stand Out?

BinaryX has established itself within the GameFi (game finance) segment. One of its focus lies in metaverse games and other decentralized Web3 games. The platform is looking to fully transition into GameFi, centering on offering a launchpad for blockchain-based games through its IGO (Initial Game Offering) services.

BinaryX’s development team has remained anonymous since its launch in September 2022. However, Binance earlier revealed its backing of the project.

BinaryX Rebranding to Four

According to the BinaryX team, their rebranding to $FORM represents their goal of achieving a “greater token identity” on the BNB Chain. It noted that many tokens have already adopted the name $FOUR, hence, they have decided on the name change to prevent confusion within the crypto community, especially for developers and users within its ecosystem.

The crypto community considers the number 4 a sacred symbol popularized by former Binance CEO Changpeng Zhao. It represents the four toxic factors in the market that community members must ignore, including FUD (fear, uncertainty, and doubt), fake news, and attacks from critics.

Binance recently advised users to convert their BNX to FORM before the March 18 deadline at 3:30 UTC. It reminded that it will no longer support BNX transactions after that date.