The negativity in the cryptocurrency markets continues today due to the upcoming inflation data. However, there are exceptions. BIGTIME Token is one of them and its price had increased by nearly 400% at the time this article was prepared, as it received two consecutive positive news in the last 24 hours. Those who took advantage of this opportunity made significant profits.
BIGTIME Coin: What Is It and Why Is It Rising?
gaming token BIGTIME received over ten million dollars in investments in 2021. Last night, it was also listed by exchange. Recently, it gained significant attention from investors after being listed by OKX exchange. Just a few minutes ago, exchange announced the news.
Binance, the world's largest exchange in terms of volume, announced today that BIGTIME Coin will be listed in futures trading with leverage of up to 20x. There has been a recurring cycle for weeks. Korean exchanges list an altcoin and when BINANCE introduces it to futures trading, the price shows a massive increase. Now the same situation is happening with altcoins listed by COINBASE exchange.
At the time this article was prepared, the price was struggling to reach gains of 400%. We may see sudden movements in the opposite direction of liquidity depending on the positions accumulated in futures trading. However, in the initial stage, those who sell short the inflated price may be caught off guard. In any case, investors need to be prepared for high volatility in this altcoin.
Disclaimer: The information in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making any transactions.
