What is MBOX crypto & why is it soaring? Know its price prediction

Highlights 

• MOBOX is a gaming protocol on the blockchain and rewards player engagement and interaction.
• MBOX is the native utility token of the MOBOX protocol, and it has several use cases like acting as a governance token.
• The MBOX crypto is used for staking and processing transactions through the non-fungible token (NFT) gaming platform.

The MOBOX (MBOX) cryptocurrency soared to a record high on Wednesday, December 1, as it gained investors' attention due to the announcement that the network is launching its MOMOverse on Binance ecosystem.

MOBOX is a gaming protocol on the blockchain and rewards player engagement and interaction. The gaming finance (GameFi) platform is launching MOMOverse, which will be the first metaverse to integrate with the Binance ecosystem.

What is MBOX crypto & why is it soaring? Know its price prediction

To access this metaverse, users will have to use the Binance app, and the registration process started on November 30. After the registration, users will get a chance to access some game modes like free-to-play, and play-to-earn.

MOBOX is reportedly looking to expand its gaming platform and wants to add a wide variety of new games to the protocol.

What is MBOX cryptocurrency?

MBOX is the native utility token of the MOBOX protocol, and it has several use cases like acting as a governance token on the platform to decide how resources are allocated.

© 2021 Kalkine Media Inc.

In addition, the MBOX crypto is used for staking and processing transactions through the non-fungible token (NFT) gaming platform.

The MOBOX protocol combines yield farming decentralized finance (DeFi) and gaming NFTs to create a complete blockchain-based gaming ecosystem.

According to CoinGecko data, the MBOX crypto has a total supply of about 389 million tokens and its circulating supply is 88 million tokens.

Bottom line

At the time of writing, the MBOX crypto was up by 57 per cent in the last 24 hours and trading at US$ 13.32 per token.

On December 1, the cryptocurrency clocked an all-time high of US$ 15.44 apiece. In the last seven days, the MBOX crypto has surged 131 per cent and as it is gaining momentum, soon the cryptocurrency could achieve new highs.

As the native utility token seems to be in a bullish zone, we could see a new ATH by the end of this year.