Key Points
- B3’s token value soared by 267% following its listing on multiple exchanges.
- The token’s trading volume increased significantly, with Coinbase contributing 55% to the total.
B3’s token experienced a significant surge, increasing by over 267% in the last 24 hours. This increase came after the token was listed on several exchanges.
Data from CoinGecko revealed that the token’s value reached an intraday high of $0.018 on Feb. 12. It later settled at $0.0145 per coin, maintaining gains of 176% at the time of reporting. The token’s total gains since its trading debut on Monday have reached approximately 300%.
Significant Increase in Market Cap
B3’s market cap increased by 168% in the past 24 hours, reaching around $301 million. This indicates a significant increase in trading activity. The majority of the trading volume for this altcoin came from Coinbase, which contributed 55% of the total trading volume.
The token’s surge is attributed to its listing on major centralized exchanges, such as Coinbase, Bybit, and MEXC, on Feb. 10. The launch was also supported by decentralized exchanges Aerodrome and Alien Base.
About B3 and Future Projections
Speculations about B3’s long-term utility may have also contributed to its surge. B3 stakers are expected to receive additional benefits, including access to tokens for dedicated game chains, early access to new games on the network, and other potential rewards.
Some traders project a further increase in the token’s value, predicting it could reach $0.03 or even $0.05 in the upcoming weeks. An analyst pointed out that the token had broken above a symmetrical triangle pattern on the hourly chart, which is usually a bullish signal indicating potential short-term gains.
B3 is a layer-3 gaming network built on Base, an Ethereum layer-2 chain incubated by Coinbase. It is designed to support the next generation of blockchain gaming. B3 currently hosts 80 games and has attracted over 6 million players. The network allows developers to launch customized chains for individual games, with B3 serving as the ecosystem token.
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. The circulating supply of B3 is currently over 21.2 billion tokens, while its total supply is 100 billion. Team members, advisors, and investors are subject to a one-year cliff, followed by monthly unlocks over three years.
