Big Time Token Soars Over 250% But Concerns Grow Over Inflation and Sell Pressure
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BIGTIME token has surged over 250% in its first week of trading, reaching a high of $0.32 on Friday.
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The blockchain-based Big Time game is becoming inaccessible for new players due to rising prices of NFTs needed to earn BIGTIME.
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Analysts are concerned about potential supply inflation and sell pressure due to the token's high fully diluted valuation.
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BIGTIME is earned in-game through adventures and crafting cosmetics and NFTs like hourglasses.
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Critics say players now have incentive to cash out BIGTIME rewards rather than play for fun, skewing tokenomics.