Coinbase and OKX, two prominent trading firms, are throwing their support behind BIGTIME, the native token of Big Time. This move has set the crypto community abuzz with excitement. In the past week, this relatively obscure gaming token has witnessed an astonishing surge, climbing by nearly 250%.
Remarkably, its price reached a significant peak at $0.341, highlighting the potential of this token within the decentralized gaming sector.
The Sudden Rise to Prominence of BIGTIME
Initially, BIGTIME was on the fringes of the cryptocurrency landscape, only listed on BingX and MEXC. However, recent endorsements from major exchanges have propelled it into the spotlight. Additionally, its prior association with Binance NFT, where it reportedly sold multiple non-fungible tokens, underscores its inherent value in the rapidly expanding NFT arena.
Big Time has been on the radar of crypto enthusiasts since its inception in 2021. Beyond its gaming appeal, the platform offers a unique feature called Open Loot. This feature empowers developers to launch Web3 games and distribute NFTs, providing users with a seamless way to manage, trade, and sell blockchain-backed digital assets.
Furthermore, its free-to-play model has played a pivotal role in its increasing popularity. Since the beta testing phase, the game has generated excitement on par with industry leaders like Decentraland and Axie Infinity.
The recent launch of its highly anticipated “preseason” has further enhanced its reputation. Strategic partnerships and collaborations, including support from Galaxy Digital and Animoca Brand, serve as testaments to its roadmap.
BIGTIME is steadily gaining traction and creating an environment where players can actively shape the game’s economy. This involvement extends beyond playing to include creating and trading in-game items, showcasing a future where gaming and cryptocurrency seamlessly coexist.
Technical Analysis of BIGTIME/USD
Examining the BIGTIME/USD price chart, the Chaikin Money Flow (CMF) rating of -0.10 suggests some selling pressure in the market. This trend in the CMF indicates that money is flowing out of the market more than it’s coming in, potentially signaling a decline in buying interest. If the CMF rating continues to drop, it may signify increased selling pressure and a potential market downturn.
On the other hand, the stochastic RSI rating of 58.58 indicates that there is still some buying pressure in the market. Despite the slight selling pressure indicated by the CMF, buyers remain interested in acquiring BIGTIME/USD.
Notably, if buyers continue to show interest and drive up demand, this trend could lead to a temporary spike in the price of BIGTIME/USD.