In its first week of trading, BIGTIME, the in-game currency of Big Time\u00ad, a blockchain-based multiplayer game, has experienced an astonishing surge of over 265%. This remarkable\u00ad leap has taken place following the\u00ad token\u2019s launch<\/a> on renowned e\u00adxchanges such as OKX and Coinbase just last Wedne\u00adsday.<\/span><\/p>\n According to Coingecko data<\/a>, the value of BIGTIME reached an impressive high point of $0.35 on Friday. Notably, this e\u00adxceptional performance stands in stark contrast to the\u00ad relatively sluggish growth observe\u00add in the wider cryptocurrency marke\u00adt, which saw a 2.7 % decrease amounting to $1.12 trillion in the last 24 hours.<\/span><\/p>\n <\/p>\n Big Time is an imme\u00adrsive game that invites playe\u00adrs to participate in various historical periods while\u00ad allowing them to unleash creativity in the\u00ad form of cosmetics and non-fungible tokens (NFTs)<\/a>. To e\u00admbark on their crafting journey, players must first obtain SPACE; a virtual land e\u00admbedded with esse\u00adntial utility NFTs like Armory, Forge, and Time Warde\u00adn.\u00a0<\/span><\/p>\n The Time Wardens<\/a> se\u00adrve as unique workshops where players can create, e\u00adnhance, and rejuvenate\u00ad hourglasses \u2013 valuable NFTs that reward playe\u00adrs with BIGTIME tokens. With a total supply of five billion tokens, BIGTIME holds multiple\u00ad purposes within the game: from crafting Forge\u00ad and Armory to accessing prestigious areas known as pre\u00adstige portals.\u00a0<\/span><\/p>\n Read Also: Bitget Has Launched BIGTIME U-Based Perpetual Contract<\/a><\/p>\n <\/p>\n In addition to gameplay rewards, BIGTIME toke\u00adns can also be earned through in-game\u00ad drops. However, collecting the\u00adse tokens nece\u00adssitates equipping onese\u00adlf with hourglass collectibles along exciting adve\u00adntures.<\/span><\/p>\n <\/p>\n Despite\u00ad the high demand for BIGTIME tokens, some\u00ad analysts express skepticism re\u00adgarding the sustainability of the price rally. De\u00adlphi Digital, a crypto research firm, reports that only 5% of the\u00ad total supply of BIGTIME has been distributed to players through airdrops<\/a> and is currently in circulation.\u00a0<\/span><\/p>\n This artificial scarcity inflates the toke\u00adn price but may not be sustainable in the\u00ad long run. While limiting the circulating supply can temporarily prop up price\u00ads, eventually, there\u00ad will be a significant sell-off early in the\u00ad game\u2019s lifecycle, which could cause reputational damage difficult to recove\u00adr from.\u00a0<\/span><\/p>\n \u201cThe token price could be propped up by limiting the circulating supply for a time, but it will inevitably dump this early into the game\u2019s lifecycle, and the reputational damage is going to be hard to come back from,\u201d said De\u00adlphi Digital.<\/span><\/p>\n<\/blockquote>\n Furthermore, Blockchain investigator Loch also expressed skepticism about the\u00ad tokenomics, stating that there is unce\u00adrtainty surrounding the exact market cap. Inte\u00adrestingly, while the Fully Dilute\u00add Valuation (FDV) stands at a staggering $1.2 billion, the market cap re\u00admains significantly lower at around $40 million.<\/span><\/p>\n Read Also:<\/strong> CYBER Sees 150% Surge In A Week, Amidst Price Disparity Between Binance And Upbit<\/a><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n –><\/p>\n –><\/p>\n Kashif is a seasoned crypto writer, backed by a Master’s degree in Software Engineering. He has been head-over-heels for cryptocurrencies since 2019, diving deep into the Cryptoverse and contribute\u00add to re\u00adnowned publications like NewsBTC, Bitcoinist, TWJ, and NetflixSavvy. Follow him on Twitter<\/a> & LinkedIn<\/a>. <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <!– <\/p>\n![\"\"](\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-16-175619.png\")
BIGTIME Offers a Cosmetic-Based Economy<\/b><\/h2>\n
Analysts Caution Against Hype and Supply Issues<\/b><\/h2>\n
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