BinaryX (BNX) has recently experienced a significant surge, with its price increasing by 34.4% in the past 24 hours to reach $2.00. This rally is largely attributed to the upcoming BNX-to-FORM token swap scheduled for March 21, 2025.

The token swap is part of BinaryX's rebranding strategy. Initially launched as Four.Meme on July 3, 2024, the platform rebranded to Four. However, due to the widespread use of the ticker FOUR in the meme coin community, the team decided to change the token name to FORM, implementing a 1:1 token swap from BNX to FORM.

In anticipation of the swap, BNX has seen a 412% increase in daily trading volume, reflecting heightened market interest. Additionally, open interest in BNX derivatives has risen by 33% to $96 million, indicating strong market participation and bullish sentiment among traders.

Technical analysis shows that BNX is trading above its 20-day exponential moving average (EMA), suggesting a bullish trend. If this momentum continues, BNX could break the resistance at $1.77 and aim for $2.19.

Overall, the upcoming token swap and rebranding efforts have significantly boosted BNX's market performance, attracting increased attention from traders and investors.

For a more in-depth analysis of BinaryX's price prediction, you might find this video insightful:

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