Fortnite Reddit Token BRICKS Crypto Explodes Almost 100% in 24HR: Here’s Why
Fornite Reddit token, Bricks, is one of the top performers, rallying yesterday before cooling off. Epic Games is relaunching on mobile again.
Over two million crypto tokens are currently available for trading. FortniteBR Bricks (BRICK) is emerging as a top performer, .
A look at Coingecko data shows that BRICK is up nearly 80% in 24 hours, surging and obliterating immediate resistance levels.
BRICK, a native token that served as the now abandoned community point for the ForniteBR Reddit community, has been on the receiving end for the better part of Q 2024.
Bricks Revival: Reddit Token Rockets Before Retracing
BRICK found strong support from the daily chart at around $0.05 before violently erupting above the 20-day moving average yesterday.
Prices are down, aligning with the broader crypto scene, but bulls are in control.
At this pace, traders are waiting for the trend to continue, lifting the token to April highs of around $0.22.
( BRICKUSDT )
The expansion lets holders speculate by doubling down or exiting the market now that liquidity is improving.
According to Coingecko , BRICK has a market cap of over $5.2 million.
( BRICK, Coingecko )
At the same time, trading volume in the past day is up a massive 250%.
Epic Games Wins Against Google And Apple, Fornite Accessible To Mobile Users
Multiple factors spark the BRICK meteoric rise. Top of the list is the recent relisting of the Fortnite app on Google Store and Apple Store.
After a four-year absence due to a lawsuit, the gaming app is back in these two global app stores.
Epic Games asserted that both Google and Apple were anti-competitive and monopolies in the multi-year lawsuit.
Epic Games has since launched its app store. Android users must install the store first to access Fall Guys and Rocket League.
The gaming platform was expelled from Google and Apple stores in 2020 when they stopped paying the mandatory commissions charged whenever users downloaded the app.
The relisting, as expected, generated more excitement while further renewing interest in the game.
Fornite Reddit Members To Prove A Point?
Since BRICK incentivized and rewarded activity on Fornite’s Reddit community, surging interest lifted sentiment and, thus, prices.
On Reddit, there are over 4.9 million members of the Battle Royale ( ForniteBR ).
Besides, they are active, positively contributing to the success of Fortnite, and indirectly, the retired BRICKS community points.
Even though BRICK serves no utility after Reddit ended the “community points” program in October before their highly anticipated IPO in Q1 2024, the demand will likely soar as holders look to speculate.
Besides, supporters of the community points will also be keen to prove that Reddit was wrong in ending the program by doubling down.
BRICK is available on Arbitrum Nova, an Ethereum layer-2 platform.
( Source )
As of August 28, there were over 163,000 BRICK holders .
EXPLORE: 15 Best No KYC Crypto Exchanges for 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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