BinaryX (BNX) has emerged as the market’s top gainer, surging 41% in the past 24 hours. The rally is fueled by anticipation of the BNX-to-FORM token swap on March 21. The altcoin notes a 412% uptick in daily trading volume, with open interest climbing 33% to $96 million.

The rebranding from Four to FORM aims for a cohesive identity, aligning with the meme coin community. The swap is set for a 1:1 ratio on BNB Chain, indicating bullish sentiment. BNX’s funding rate is also positive at 0.339%, reinforcing market momentum.

BNX trades above its 20-day EMA, suggesting bullish trends. If demand strengthens, the price could surpass $1.77 and reach $2.19. Conversely, selloffs may lead it back to $1.77.