B3 Crypto Soars 250% Just One Day After Launch

B3 is a layer-3 gaming network built on Base, a Coinbase-incubated Ethereum layer-2 blockchain, designed to support the next generation of blockchain gaming. It is a platform that focuses on enabling developers to launch customized “gamechains” tailored specifically for individual games. This allows for a more specialized experience for each game, while B3 serves as the ecosystem token that powers the network.

The platform hosts 80 games and has already attracted over 6 million players, suggesting a solid initial user base. In terms of tokenomics, 34.2% of the B3 token supply is allocated 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 project has a circulating supply of over 21.2 billion tokens out of a total supply of 100 billion.

B3 saw a huge surge of over 267% in value just a day after its launch on February 10, likely due to excitement around its day-one listings on major centralized exchanges like Coinbase, Bybit, and MEXC, alongside its airdrop campaign. The altcoin has seen significant trading activity, particularly on Coinbase, which contributed 55% of the total trading volume.

The surge is also attributed to speculation about B3’s long-term utility. As part of the platform’s ecosystem, stakers of B3 tokens are expected to receive various benefits, including access to tokens for game chains, early access to new games, and potential rewards. Traders are anticipating further price growth, with projections suggesting it could climb to $0.03 or $0.05 in the coming weeks.

B3’s recent market behavior, including breaking above a symmetrical triangle pattern on its hourly chart, is seen as a bullish indicator, suggesting potential short-term gains for traders, with some analysts predicting a possible 2-4x return in the near future.

In short, B3 is positioning itself as a key player in blockchain gaming, providing the infrastructure for game developers to create dedicated chains for their titles while rewarding its token holders and stakers with access to exclusive content and benefits.