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BXMI Token Hits ATH in Less Than Half a Year

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BXMI Token

BXMI Token Hits ATH in Less Than Half a Year

BXMI cryptocurrency was created by the Singapore-based BitXmi crypto exchange in August 2020. The BXMI token is an ERC-20 token that operates on Ethereum.  The purpose for its launch was to create a convenient internal currency for the platform as well as a loyalty program.

BXMI Token*the graph shows the first significant jump in November 2020

The price of one BXMI token started at rather low at just $0.1 at the start of trading. For the next three months, the price experienced a small increase by one cent. After Bitcoin’s explosive growth in November 2020, the so-called “alt season” began. Since most traders already invested in major cryptocurrencies, such as Bitcoin and Ethereum, BXMI became the go-to for investors looking to get their start in altcoins.

With new crypto options, trade volumes on the BitXmi exchange began to increase. Today, the exchange continues to experience exponential growth. This has had a positive effect on BXMI price predictions. The forecast came to fruition in less than six months when the price of the coin rose by more than 500%, reaching $0.6.

Benefits for BXMI token holders

BXMI is a good investment as it is paired with the USDT stablecoin. The main difference between the two is that the BXMI token does not have a fixed rate. This means that the coin can show a significant increase in value and bring profit to investors.

Also, coin holders can purchase discounted merchandise from both offline and online stores that partner with BitXmi. The company is constantly working to expand the functions of using its token. One of its primary focuses is as a means of paying commissions by traders on the exchange.

In fact, BXMI is already used in business processes of such companies like Tej Travels (traveling service provider), Rotana Star (luxury car rental), etc. Analysts believe that one of the main reasons for the BXMI price growth forecast is its implementation in large companies and corporations.

BXMI price prediction for 2021

The positive outlook of the BXMI token price is not accidental. It has tremendous potential for growth. The coin is attractive both as a tool for traders of the BitXmi crypto exchange and as a means of payment in the future.

Bitxmi analysts have given predictions about the value of the $1 coin by December 31, 2021. However, judging by the ongoing bullish trend, we can confidently say that the coin will reach the predicted level by mid-2021.

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

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