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#Binance $BNB
Projects across the BNB Chain ecosystem recorded a jump in activity, token prices and trading volume as the blockchain’s native BNB token hit a record price above $710 during the Asian morning.
Trading volumes of BNB Chain-based tokens surged 124% in the past 24 hours, CoinGecko data shows. Dog-themed meme coin floki {{FLOKI}}, based on both Ethereum and BNB Chain, where it is the biggest meme token, led gains with an advance of more than 25%. Decentralized exchange PancakeSwap’s CAKE jumped 15%.
Among projects with a market capitalization of under $200 million, the price of trading service Sensi’s SENSI rocketed 900%, with trading volumes increasing from $14,000 on Monday to $100,000 as of Wednesday morning.
The value locked on BNB ecosystem projects rose nearly 8%, data tracked by DefiLlama shows, led by PancakeSwap and lending application Venus. Net inflows into the ecosystem topped $2.4 million as of Wednesday morning, breaking a trend of net outflows since May 30.
While there was no immediate catalyst for BNB’s price gain, some market observers suggested several existing activities had boosted the token’s fundamentals.
“BNB's price is benefiting from years of token burns and token lock initiatives for their launchpad program,” Nick Ruck, head of growth at bitcoin yield project BitU, wrote in a Telegram message. “BNB protocols have also ramped up campaigns and activities due to cheaper gas fees and have cultivated a large and energetic user base.”
Burns are the permanent deletion of tokens from circulating supply by sending them to an address not controlled by anyone. Since 2021, these burns have been based on removing a portion of the gas fees spent on BNB Chain transactions. Nearly $400,000 of the tokens were burned in the past seven days, blockchain trackers show.
$BTC $BNB #BullishMarket
Projects across the BNB Chain ecosystem recorded a jump in activity, token prices and trading volume as the blockchain’s native BNB token hit a record price above $710 during the Asian morning.
Trading volumes of BNB Chain-based tokens surged 124% in the past 24 hours, CoinGecko data shows. Dog-themed meme coin floki {{FLOKI}}, based on both Ethereum and BNB Chain, where it is the biggest meme token, led gains with an advance of more than 25%. Decentralized exchange PancakeSwap’s CAKE jumped 15%.
Among projects with a market capitalization of under $200 million, the price of trading service Sensi’s SENSI rocketed 900%, with trading volumes increasing from $14,000 on Monday to $100,000 as of Wednesday morning.
The value locked on BNB ecosystem projects rose nearly 8%, data tracked by DefiLlama shows, led by PancakeSwap and lending application Venus. Net inflows into the ecosystem topped $2.4 million as of Wednesday morning, breaking a trend of net outflows since May 30.
While there was no immediate catalyst for BNB’s price gain, some market observers suggested several existing activities had boosted the token’s fundamentals.
“BNB's price is benefiting from years of token burns and token lock initiatives for their launchpad program,” Nick Ruck, head of growth at bitcoin yield project BitU, wrote in a Telegram message. “BNB protocols have also ramped up campaigns and activities due to cheaper gas fees and have cultivated a large and energetic user base.”
Burns are the permanent deletion of tokens from circulating supply by sending them to an address not controlled by anyone. Since 2021, these burns have been based on removing a portion of the gas fees spent on BNB Chain transactions. Nearly $400,000 of the tokens were burned in the past seven days, blockchain trackers show.
$BTC $BNB #BullishMarket
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$PEPE $PEPE
! ! ! Good news, good news! ! ! !
You will regret it if you miss the opportunity
After peaking at $0.00001717, Pepe fell to $0.00001313, down about 14%. Is now a good time to buy?
In my opinion, of course! I don't expect the value to continue to decline. If you waited to buy until the price dropped, now is your chance. I invested in PEPE for several months and made almost 150% profit.
I plan to buy more as the next price increase could reach around 21%, above $0.00001800 in the next few days. If you look at my previous articles, you will see that PEPE's future predictions are always accurate.
So I will always survive. If you want to do more, if you also pay attention to the money circle and really believe in service, pay attention to the introduction!
🎊Keep the spread of educational, informative and positive articles and posts by providing tips for creators.🙏🌟 This motivates me to continue finding lots of relevant and new content for you. ✨Thank you for your support and have a great day!👇
#pepecoin🐸 #BullishMarket
! ! ! Good news, good news! ! ! !
You will regret it if you miss the opportunity
After peaking at $0.00001717, Pepe fell to $0.00001313, down about 14%. Is now a good time to buy?
In my opinion, of course! I don't expect the value to continue to decline. If you waited to buy until the price dropped, now is your chance. I invested in PEPE for several months and made almost 150% profit.
I plan to buy more as the next price increase could reach around 21%, above $0.00001800 in the next few days. If you look at my previous articles, you will see that PEPE's future predictions are always accurate.
So I will always survive. If you want to do more, if you also pay attention to the money circle and really believe in service, pay attention to the introduction!
🎊Keep the spread of educational, informative and positive articles and posts by providing tips for creators.🙏🌟 This motivates me to continue finding lots of relevant and new content for you. ✨Thank you for your support and have a great day!👇
#pepecoin🐸 #BullishMarket