GameBuild’s GAME token has experienced a remarkable surge, recording a 30.84% price increase in the last 24 hours, with the token currently trading at $0.007079.
The dramatic uptick follows Bithumb’s announcement of Korean Won (KRW) trading support, scheduled to commence on January 15, 2025, at 6:00 PM.Â
The implementation includes specific technical parameters, with an initial base price set at 8.329 KRW per token and support limited to the Ethereum network.
The token’s market performance has been notably strong, showing a 30.84% increase in the past day and 29.03% increase over the past week.
The tokens market capitalization reaching $116,003,800, supported by a circulating supply of 17 billion GAME tokens and a 24-hour trading volume of $48,942,004.
Technical Implementation and Market Access
Bithumb’s integration of GAME token demonstrates a carefully structured approach to expand market accessibility. They recently made plans to overhaul their crypto listing process after the embezzlement case that involved their Ex-CEO.
The exchange has outlined a comprehensive implementation plan, including a deposit and withdrawal system that will activate within two hours of the announcement, requiring 33 confirmation blocks for deposit security.
The integration is particularly significant as it provides direct KRW trading pairs, eliminating intermediate conversion steps for South Korean investors.
The streamlined access is expected to enhance liquidity and trading efficiency, marking a crucial development in GAME’s market presence and accessibility to one of Asia’s most active cryptocurrency trading markets.
Platform Technology and Utility
GAMEBUILD, the platform behind the GAME token, represents a sophisticated bridge between traditional gaming (Web2) and blockchain gaming (Web3).
The platform offers essential tools for game developers, including comprehensive analytics, in-game advertising capabilities, and cross-ecosystem integration features.
The GAME2 token serves dual purposes within this ecosystem, functioning as both a governance mechanism and utility token.
The functionality enables users to participate in platform governance decisions while facilitating various platform transactions, positioning GAMEBUILD as a crucial infrastructure component in the evolving gaming and blockchain landscape.
GAME Market Context and Industry Trends
The listing follows a pattern of successful token launches on Bithumb, as evidenced by recent performances of other newly listed tokens.
Notable examples include PENGU memecoin’s 12.14% rally upon its KRW pair listing announcement, SUNDOG’s 11.3% price increase, and the dual success of SKALE (SKL) and BounceBit (BB) with 15% and 22% gains respectively.Â
These precedents suggest a consistent trend of positive market reception for new Bithumb KRW trading pairs, particularly significant given Bithumb’s recent commitment to overhauling its crypto listing process.
The GAME token’s superior performance among these recent listings, with its 30% surge, indicates particularly strong market confidence in its value proposition and future potential.
Also Read: SKALE (SKL) and BounceBit (BB) Prices Surge 15% and 22% as Bithumb Announce Listing