Bitcoin and other top cryptocurrencies have bleed or consolidated following recent tariff news, but tokens for blockchain game projects have recently skyrocketed over 60%.
A significant portion (37%) of trading volume is concentrated in Upbit Exchange in Korea, Gate.io. At the time of pressing, the coin was traded nearly $0.60.
Binance “voting” to list inclusions considered catalytic
One reason for the Big Time surge is that it is included in Binance’s latest “voting list” event. Big Time joined X, allowing Binance users to vote for projects they wish to be listed.
This is the second batch of Binance List Initiatives, which features a large time alongside projects such as Uxlink, Morpho, Grass, Eitre, Walrus, Safe, Zeta and more. The announcement gained community support, and one user wrote:
Big Time is already listed for major exchanges, including Coinbase and Upbit. Some observers suggest that current market value leaves room for growth as it gains visibility.
Technical Analysis: Elliot guides the next move
According to analysis caused by Crypto Stat, Big Time appears to follow the Elliott Wave pattern. The uptrend reportedly began with a breakout from wave (1) integration, followed by a pullback in wave (2). Waves (3) represent a sudden gain and a large amount of strongest phase.
Source: Cryptostat
Related: Analyzing the weaknesses of the Trump token: Unlock pressure and market questions
Currently, the market is believed to be in the wave (4) correction stage. Usually, the pullback part (3) with shallow waves. The critical support zone matches the 0.618 Fibonacci retracement level, which is identified as a general area where the Bulls may re-enter. By retaining support in this critical Fibonacci region, strong waves (5) can be upwards and reach new highs.
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