BIGTIME Skyrockets Over 250% With Coinbase and OKX Backing

As trading firms Coinbase and OKX throw their weight behind Big Time’s native token, BIGTIME, the crypto community buzzes excitedly. Hence, within the last 7-days, this under-the-radar gaming token registered a spectacular rise, shooting up nearly 250%.

Moreover, its price touched a noteworthy peak of $0.341, showcasing this token’s potential in the decentralized gaming sector.

Behind BIGTIME’s Sudden Fame

Initially, BIGTIME remained on the peripherals of the crypto sphere, listed only on BingX and MEXC. However, the recent endorsements from major exchanges have thrust it into the limelight. Additionally, the project’s previous association with Binance NFT, where it reportedly sold multiple non-fungible tokens, demonstrates its inherent value in the rapidly expanding NFT arena.

BIGTIME/USD 24-hour price chart (source: CoinStats)

Significantly, Big Time has been on the crypto enthusiast’s radar since its inception in 2021. Besides its gaming appeal, the platform boasts a unique feature of Open Loot. This feature allows developers to both launch Web3 games and distribute NFTs.

Consequently, it provides a seamless mechanism for users to manage, trade, and sell their blockchain-backed digital assets.

In addition, its free-to-play model has been a significant catalyst in its rising popularity. Since its beta testing phase, the game has generated a buzz comparable to stalwarts like Decentraland and Axie Infinity.

The recent live launch of its highly anticipated “preseason” increased its growing stature. Additionally, its strategic partnerships and collaborations, such as the backing from Galaxy Digital and Animoca Brand, serve as testimonials to its roadmap.

Furthermore, BIGTIME is gaining traction and fostering an atmosphere where players may actively shape the game’s economy. This involvement isn’t limited to playing but also to creating and trading in-game objects, demonstrating a future in which gaming and cryptocurrency go hand in hand.

BIGTIME/USD Technical Analysis

On the BIGTIME/USD price chart, the Chaikin Money Flow (CMF) rating of -0.10 indicates some selling pressure in the market. This CMF trend suggests that the outflow of money from the market is more than the inflow, suggesting a possible fall in purchasing interest. If the CMF rating continues to fall, it might indicate more selling pressure and a probable market slump.

On the other hand, the stochastic RSI rating of 58.58 indicates that there is still some purchasing pressure in the market. Despite the slight selling pressure displayed by the CMF, buyers are still interested in acquiring BIGTIME/USD. Significantly, if buyers continue to demonstrate interest and drive up demand, this tendency may result in a temporary spike in the price of BIGTIME/USD.

In conclusion, BIGTIME’s meteoric rise in the crypto world, fueled by significant endorsements and unique features, hints at an exciting future for decentralized gaming and NFTs.