Cocos-BCX raised $40 million in 2018 for its blockchain game development platform. Haozhi Chen, co-founder of Chukong, a developer of 2D games for mobile devices, including Angry Birds, Badlands, and Fight! and Clash of Kings, which has attracted investors such as Binance Labs, NEO Global Capital and 500 Startups.
As of January 4, there are 42,015,868 coins in circulation with a total supply of 100,000,000, according to CoinMarketCap. The coin has been losing value since December 28, 2021, hitting daily highs occasionally but still as low as 59.5% from an all-time high of $5.44, which was reached on November 25, 2021.
The prediction of cryptocurrency cocos can depend on how game developers adopt this blockchain, their partnership, and the progress of business development. With the initial community building in China, Korea and Europe, what is the prediction for the Cocos-BCX coin price for 2022 and beyond?
What is Cocos-BCX?
Cocos-BCX, also known as Cocos Blockchain Expedition, is a public blockchain platform launched on January 14, 2018. It aims to bridge the gap between game developers and the crypto world. GameFi’s incubation, investment, distribution, IGO, and community provides an easy-to-use platform for blockchain game development. In return, it hopes to provide high-quality GameFi projects to community users.
Cocos provides an integrated solution for game development and game economics on the blockchain network. Currently, this multi-platform integrated runtime environment uses a version of the Delegated Proof of Stake (DPoS) consensus mechanism. Cocos-BCX has a proprietary token standard for exchangeable and non-fungible digital assets called NHAS-1808.
It offers SnakeJoy and CocosShooter, two game models developed by third-party developers and the same team. Games serve as templates to help game developers better understand the dynamics of Cocos-BCX game development.
Cocos-BCX runs on the Ethereum platform. It is listed on Binance, Gate.io, DigiFinex Pionex, and MEXC. in a January 2021Cocoa count has been reduced from 100,000,000,000 to 100,000,000. However, the total amount of the holdings remained unchanged, and the crypto team dropped the newly generated coins to users’ original ERC-20 addresses.
Cocos-BCX specializes in instant games and has 1.3 million developers worldwide.
As of August 2019, approximately 44% of private token sales began to be developed, and 38% went to marketing and promotion efforts. Cocos news highlights cryptocurrency roadmap and product developments:
Cocos is partnering with 5173, a Chinese platform for exchanging virtual in-game items, to reveal the possibility of integrating blockchain technology into the 5173 platform, BCX-NHAS-1808 Standard. The collaboration extends to Ontology, Zilliqa, TRON and NEO to integrate the NHAS-1808 standard, making it the most well-known heterogeneous digital asset standard.
Cocos-BCX has also integrated its virtual machine, wallet system and light nodes into the SDKBox interface, making Cocos-BCX “the first to support Facebook Libra for VSCode”. SDKBOX is a member of the crypto ecosystem that helps mobile game developers avoid difficult and boring tasks.
In 2019, Cocos, along with Contentos and NEO, launched a blockchain-themed party in Shanghai MIFA186. It laid the foundation for MixMarvel, focusing on the western market and entering Australia, Europe, North America and other regions. MixMarvel has used Cocos-BCX as its blockchain platform and publishing partner.
Cocos-BCX has also partnered with BitPie, a cryptocurrency wallet that will allow virtual in-wallet gaming, game asset exchange, and staking pools.
Besides strategic product development and collaboration, Cocos-BCX collaborates with the Eco Partner Builder & Angel program for regular e-training, webinars, and exposure to various marketing platforms to promote Cocos-BCX-related content. Its future community growth strategies include the Launch Node program and the collaboration with Cocos2d-x to bring traditional game developers (who design games on C++) into the blockchain gaming space.
Cocos-BCX Price Insights
Within the first 24 hours of listing on Binance, Cocos-BCX’s market capitalization rose to $35 million, making it the 105th largest cryptocurrency. The first trading volume over 24 hours was 15.715 billion tokens.
Since November 2019, offline activities have helped to learn about the blockchain. The Cocos-BCX blockchain game special session was held on November 8, 2019 in Wuzhen, China. It has attempted to engage the pioneers and supporters of the blockchain gaming industry, along with a broader discussion on topics such as the game cycle, the chain game dilemma, the blockchain gaming ecosystem, and the future of blockchain games.
In the past few months, Cocos-BCX has been booming, with prices jumping from $0.6871 on November 19, 2021 to $5.34 on November 25, 2021, an all-time high.
Cocos-BCX price action was in line with product development news and Cocos Creator Updates. In mid-December, the price had dropped to $1.81 at the time of the crash at Cocos Creator 3.2.1.
With a 24-hour trading volume of $71,704,614 and CoinMarketCap ranking #459, as of January 4th, cocos are driving demand among active traders, passive investors and owners.
Will Cocos-BCX return to an all-time high anytime soon? Let’s look at some algorithm-based cocos crypto predictions (as of January 4, 2021):
According to Wallet Investor’s Cocos-BCX forecast, crypto could reach $3.40 by end 2022, $4.76 by end 2023, $6,091 by 2024, close 2025 at $7,452 and reach $8,802 by 2027 .
The digital currency expects Cocos-BCX to end in 2022 at $2.96, $3.60 in 2023, $3.91 in 2024, $4.94 by 2025, and $9.53 by 2029.
According to the price forecast, Cocos-BCX is expected to reach $3.24 by the end of 2022, $4.75, and $6.96 in 2023 and 2024 respectively, $10.12 in 2025 and $57.74 by 2030.
Tech News Leader forecasts Cocos-BCX to reach $3.21 by the end of 2022, $4.72 by the end of 2023, $6.66 in 2024, and $9.86 by 2025.
With a large community to support and lead the game development platform, the price of Cocos-BCX can reach new heights. Headwinds from crypto bans and new restrictions may slow price growth. Please note that analyzers and forecasters based on algorithms can be wrong. This BXS coin price prediction is based on fundamental and technical studies of the cryptocurrency’s past performance. They do not guarantee future results.
It is essential that investors do their own research. Remember that the decision to trade cryptocurrency depends largely on how much risk you can take. You should never invest money that you cannot afford to lose.
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Read more: Stacks Price Prediction (STX): New Highs in 2022?
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