According to Wu Blockchain's post, Coinbase and OKX announced yesterday that they would list the gamefi token BIGTIME. The BIGTIME team comes from a traditional game studio. As early as 2021, it received tens of millions of dollars in investment and completed multiple NFT sales on Binance NFT.

Since 2021, BIGTIME has attracted huge investments worth tens of millions of dollars. In addition, the project has successfully conducted multiple NFT sales on Binance NFT, which is recognized as the leading NFT marketplace. In addition, Big Time has also joined forces with the well-known cryptocurrency exchange OKX to introduce BIGTIME on its platform.

BIGTIME price surges after Coinbase listing announcement

Coinbase’s announcement caused a significant surge in the price of BIGTIME, which surged 71% in just a few hours. Currently, the token is trading at a value of approximately $25 million.

The token has surged 230% in the past 24 hours. The price of BIGTIME surged after major exchanges such as Coinbase and OKX announced the launch. Then Binance launched the contract urgently, and the price of BIGTIME began to fall back, but soon after Binance launched the contract, the price continued to soar rapidly, and various controversies increased the exposure of the project. With the three major exchanges, partnerships and community appeal, as the adoption rate of the token increases, it may trigger large-scale FOMO again in the future.

Because I joined the cryptocurrency circle for the sake of playing games, and I have been a beginner for a long time. Therefore, I have some understanding of the overall GAMEFI project. The spread of GAMEFI is very fast, as long as the game is not bad and has some playability. In addition, some hunger marketing, for example, you need an invitation code to join the game; I don’t say whether this is good or bad, but the most important thing for any blockchain game project is popularity and traffic, and controversy and discussion are the key points for the development of the project.

Last night, BIGTIME contracts were launched on Binance. I saw the explosion of trading volume and the aggressiveness of short orders. I simply joined the long team. Although Binance can only do contracts, I still couldn't resist the temptation and opened more than 20 times (I personally prefer spot trading now, mainly bullish)

Last night, we discussed why Binance only launched BIGTIME contracts and not spot trading pairs. Everyone expressed their opinions, but I personally think that Binance may do this to avoid conflicts with OUYI's business in CEX exchanges as much as possible! After all, these two exchanges are Chinese exchanges. It is not easy for everyone to achieve the current scale, and they need to cooperate well and strengthen their own moats. To prevent the market share from being eroded by other CEX exchanges. There have been media reports before that Big Cousin and Lao Xu often communicate on business.

Finally, I think BIGTIME still has great potential to drive the rise of the GAMEFI sector and increase the liquidity of the coin circle. However, the common problem of GAMEFI at present is that once the novelty of playability is over (rich players no longer spend money, but also want to get back their investment), and there is no continuous promotion of new players joining, the game token will enter a death spiral. In particular, the large-scale increase in game gold-making studios and the inability of project parties to keep up with the progress of updates and adjustments have led to large-scale "mining, withdrawal and selling", which is a very effective signal.