B3 Token Surges 267% After Listing on Multiple Exchanges
B3, the native token of the layer-3 gaming network, has experienced a significant surge in value, rallying over 267% in the past day. According to data, the token reached an intraday high of $0.018 on February 12 before settling at $0.0145 per coin, still holding gains of 176%.
Market Cap and Trading Volume
Over the past 24 hours, B3’s market cap surged by 168%, reaching approximately $301 million, indicating a sharp increase in trading activity. Most of this trading activity occurred on major centralized exchanges, including Coinbase, Bybit, and MEXC, with Coinbase contributing 55% of the total trading volume.
Decentralized exchanges Aerodrome and Alien Base also supported the launch of B3, alongside an airdrop to its community. The surge in value may be attributed to speculation around B3’s long-term utility, as B3 stakers are set to receive additional benefits, including access to tokens for dedicated game chains and early access to new games on the network.
Traders and Analysts’ Projections
Traders on X anticipate further upside, with some projecting a climb to $0.03 or even $0.05 in the coming weeks. One analyst noted that the token had broken above a symmetrical triangle pattern on the hourly chart, a bullish signal that typically precedes further short-term gains. Based on this breakout, the analyst projected a potential 2-4x returns for traders.
“Map is outβ¦..this is the beginning, i honestly think, they will drive this to .03-.05 , dont think it will hold though, but, ill wait until the weekend for all this to take fruition.”
What is B3?
B3 is a layer-3 gaming network built on Base, the Coinbase-incubated Ethereum layer-2 chain. Designed to support the next generation of blockchain gaming, B3 currently hosts 80 games and has attracted over 6 million players. The network enables dedicated “gamechains,” allowing developers to launch customized chains tailored to individual games, with B3 serving as the ecosystem token.
Tokenomics and Supply
The project’s tokenomics allocate 34.2% of B3 supply to the community and ecosystem, 23.3% to the team and advisors, 22.5% to the Player1 Foundation for ecosystem development, and 20% to investors. B3 currently has a circulating supply of more than 21.2 billion tokens, while its total supply stands at 100 billion.
Tips for traders and investors:
- Keep an eye on B3’s market trends and trading volume.
- Consider the token’s long-term utility and potential benefits for stakers.
- Stay informed about the project’s tokenomics and supply.
For more news and updates on the world of cryptocurrencies, visit Global Crypto News.