Big Time And Neutron Tokens Display Massive Price Volatility! But Why Are They Trending?

The crypto space continues to trade in the red for the fourth consecutive day, bringing uncertainty in the future price action of Bitcoin and top altcoins. On the other hand, BIGTIME price and Neutron Price display massive price jumps in their respective charts as they were listed on top exchange platforms.

Big Time Price Analysis:

The BIGTIME token appeared for the first time on The OKX exchange on 10th October this year, after which the BIG TIME Price quickly gained momentum and surged from $0.058 to $0.22, a whopping 225% within just nine hours, and is presently trading at $0.21.

Built on the Ethereum blockchain, the Big Time token is the flagship title of the Big Time Studio. Its main aim is to reward the participants for their active participation by prioritizing their time and creativity toward the game.

Big Time is a non-tradable token both within the game and outside. However, it can act as an NFT token, which can be traded in the open sea or utilized in the game. An individual can collect NFT loot or buy NFTs in order to generate money out of it.

If the bulls continue gaining power, the price is predicted to cross $0.25 soon. On the contrary, if the bears overpower the bulls and a trend reversal occurs, the token can experience a free fall to new lows, which could result in the price leveling all its gains.

Also Read: BCH Price Analysis: Will BCH Bounce Back From This Shakeout?

Neutron Price Analysis:

Neutro is the first blockchain that is protected by interchain security. An interchain is a technology that allows Neutron (NTRN) to be secured only by the validators of the Cosmos Ecosystem. It doesn’t have any separate set of validators for the Blockchain.

The Neutron Protocol was built to assist developers in building cross-chain applications freely over the inter-blockchain communication protocol, also known as “IBC,” and provides the DeFi ecosystem maximum security with the Cosmos Hub.

Following the news of Neutron (NTRN) being listed on Binance with a seed tag applied (innovative project), the price experienced a jump from $0.36 to $0.538, over a 50% increase in value within hours, following which the NTRN price lost momentum and leveled all its gains.

Further, the coin continued dipping, lost an additional 14% in value, and is currently trading at $0.33.

If the coin gains bullish momentum, the NTRN price could reach its pre-surge levels of around $0.36. On the contrary, if the market continues to lose momentum, then the future price action of the Neutron token is uncertain.

Also Read: Lido Dao Price Analysis: Is Lido Dao Price On The Verge Of A Major Breakthrough?

NOTE: When a new token is released in the crypto space through ICOs, token sales, or by any other means, it possesses a higher risk than the existing risk in the price action as the token is not established in the market. It is very important to deeply research such tokens as they are highly volatile in nature.