Big Time Token Surges 60% After Binance Listing Vote

Big Time (BIGTIME) token experienced a significant surge, increasing by over 60% in recent hours, despite a broader market downturn affecting other major cryptocurrencies. This surge is attributed to its inclusion in Binance’s latest “Vote to List” event, which allows Binance users to vote for projects they want listed on the exchange. Big Time confirmed its participation in this event, which has garnered substantial community support. The event features several projects, including UXLINK, Morpho, Grass, Aethir, Walrus, Safe, and Zeta, alongside Big Time. The community's enthusiasm is evident, with users expressing their support and excitement for Big Time's recognition.

The surge in Big Time's value is notable given that it is already listed on major exchanges such as Coinbase and Upbit. Some observers suggest that its current market value indicates potential for further growth as it gains more visibility and support from the community. The significant portion of its trading volume, with 37% concentrated on South Korea’s Upbit exchange and 18% on Gate.io, highlights the regional interest in the token.

Technical analysis, attributed to Crypto Stat, suggests that Big Time is following an Elliott Wave pattern. The uptrend began with a Wave (1) breakout from consolidation, followed by a Wave (2) pullback. Wave (3) represented the strongest phase with sharp gains and high volume. The market is now considered to be in the Wave (4) correction phase, typically a shallow pullback retracing part of Wave (3). A crucial support zone aligns with the 0.618 Fibonacci retracement level, identified as a common area where bulls may re-enter. Holding support in this key Fibonacci region could set up a strong Wave (5) push upward, potentially reaching new highs. This technical analysis provides a framework for understanding the potential future movements of Big Time's value, suggesting that the current pullback may precede the next leg up.

Meanwhile, the Pi Network community has expressed frustration over the lack of progress in listing their token on major exchanges. Despite the community's efforts and the token's popularity, it remains unlisted on major platforms, leading to dissatisfaction among its supporters. This divergence in community sentiment highlights the varying experiences and outcomes within the cryptocurrency ecosystem, where some projects gain rapid traction and support, while others face challenges in achieving similar milestones.