Deep Dive
1. Virtual Arcade Traction (Bullish Impact)
Overview:
COA’s Virtual Arcade opened to all users on 3 December 2025, expanding from a whitelisted beta. The platform uses COA for in-game purchases, leaderboard rewards, and node operator payouts. Early games like Sky Hopper and Blasteroids aim to demonstrate decentralized multiplayer infrastructure.
What this means:
Increased gameplay could directly boost COA demand through token burns (buy-ins) and staking incentives. Historical examples like Axie Infinity’s AXS show gaming tokens gaining 200%+ during userbase expansion phases. Monitor leaderboard participation and daily active wallets post-launch.
2. Exchange Listings/Delistings (Mixed Impact)
Overview:
- Bullish: July 2025 listings on Binance Alpha and Bitget’s GameFi zone improved accessibility, correlating with COA’s 96.89% 30-day rally
- Bearish: BloFin will delist COA/USDT on 5 November 2025, citing “periodic reviews” – a potential liquidity drain representing 7.3% of current volume
What this means:
Exchange churn creates volatility windows. Post-BloFin delisting, watch order book depth on remaining markets like Bitget. Projects losing >15% of trading venues historically see 20-40% drawdowns within 30 days (CoinGecko 2024 Study).
3. Node Network Health (Bullish Risk)
Overview:
COA’s decentralized gaming network relies on users operating nodes for server hosting/data storage. The project reported 161,963 Twitter followers but hasn’t disclosed current node count since its MVP launch.
What this means:
Node growth is critical – if the network’s 414M circulating supply isn’t staked sufficiently, developers might face reliability issues, dampening platform adoption. Successful Web3 infra projects like Helium (HNT) required >30% tokens staked to maintain operations.
Conclusion
COA’s price will likely hinge on whether Arcade gameplay metrics offset exchange-related sell pressure, while node participation prevents network bottlenecks. The 23 July 2025–20 December 2025 rally suggests speculative positioning ahead of key platform milestones.
Key question: Will December’s Arcade user numbers meet the 50,000 MAU threshold that typically sustains GameFi token valuations above $0.01?