$BIO
I know you're excited about BIO but here is what happens next!
Here is a Fundamental Analysis of BIO:
I love to go about the FA of projects to help understand the underlying goal of the token and make informed decisions!
Let's go:
The BioProtocol (BIO) token is part of the Decentralized Science (DeSci) movement, which aims to use blockchain technology to make scientific research more accessible, transparent, and community-driven.
Here are some interesting points about BIO you must keep in mind:
- Launch on Binance: BIO recently debuted on Binance's Launchpool and spot trading platform. It saw a massive surge in value, recording a performance of +2400% in the first minutes of trading.
- BioDAOs: At the core of BioProtocol are BioDAOs (Decentralized Autonomous Organizations), which pool resources for scientific research. These organizations allow patients, scientists, and biotech professionals to collectively fund and own intellectual property from groundbreaking projects
- Support from Binance Labs: BIO Protocol received undisclosed financing from Binance Labs and was added as a reward token to the Launchpool. This support has helped BIO become a leading DeSci token
- Revolutionizing Scientific Collaboration: BioProtocol aims to revolutionize scientific collaboration and funding by leveraging blockchain technology to create an open, transparent, and decentralized ecosystem.
Note: This is not an exhaustive FA, however it gives you an idea of what BIO stands for!
TA —
Based on short-term price action, you can see that the price of BIO will rise back a little before crashing. (see attached image)