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🔶 BNB chain sees success with revenue up by 70%, MVP is one of the superstars
🔸 BNB or the Binance Smart Chain had started the year under regulatory scrutiny but yet experienced growth in the quarter one of 2024 with a significant 70% rise in revenue reaching $66.8 million. Even though there was a 9% decline in daily transactions compared to Q4 of 2023, the number of average daily active addresses saw a notable 26% rise, from 1.0 million to 1.3 million. Despite these obstacles, BNB continues to exhibit growth and surpass any quarter in 2023. This increase can be attributed to the appreciation of BNBs value but a huge factor seems to be tokens that BNB onboarded this year, one of the tokens being MVP or MAGA VP.
🔸 Introduced in February of this year, MVP token with anticipation surrounding the selection of the next Vice President candidate on the Republican side. Despite being part of the “PolitiFi narrative” of meme tokens, MVP has garnered significant support from the majority of crypto investors and traders. MVP’s market capitalization of nearly $7 million , this meme token is looking to secure a spot within the top 100 cryptocurrencies.
🔸 The progress made by this token in just two months is truly remarkable and is soon to be reaching $10, says many crypto analysts. MVP has an average of +9.34% in trading volume every 24 hours. The token holds itself at $0.145899 USD, higher than the price of Hedera (HBAR) now which holds at $0.114, later being part of the trending tokens on Coinmarketcap. Needless to say, MVPs partner and the other famous Trump token STRUMP or Super Trump is leading way above HBAR.
🔸 In early April, BNB called on developers of memecoins by creating an opportunity to participate in the chain’s 1 Million reward under the ‘meme innovation campaign’ as Binance has been handing support to meme tokens for a while now. Meme tokens already have a 2.27% sector dominance on the BNB chain, only making MVPs position further solid for a home run. The token functions on Ethereum, Solana and BASE.
