Huge price action followed the exciting listing for Biswap and $BSW.
Biswap Enjoys Strong Q1 Close
Binance has officially listed Biswap token $BSW and sent its price on a huge pump that remains strong even after consolidation.
The much-anticipated move was announced via the Binance website on March 21, alerting users of the inevitable listing. Long-time Biswap users will, of course, sense the opportunity at hand as the market reacted generously to the confirmation of the listing.
“Binance will list Biswap (BSW) in the Innovation Zone and will open trading for BSW/BNB, BSW/BUSD and BSW/USDT trading pairs at 2022-03-21 13:30 (UTC),” Binance confirmed, underlining the trading options that would open.
The hope was that the opening of the trading possibilities would expose $BSW to a larger pool of traders that would propel the price, which has seemingly transpired. BiSwap has turned into one of the top Decentralized Exchanges on Binance, and the latest move is a welcoming signal to how far the protocol has come.
$BSW Price Hike
Biswap’s native token price has reacted immediately to the listing and has seen a significant rise recently. The price of $BSW shot up in a matter of hours from 0.35 on CoinMarketCap (CMC), and nearly quadrupled on Binance exchange at a high point of $1.38.
Biswap enjoyed a considerable rise in its market cap at the same instance, moving from around $68 million to $220 million, according to CMC. Since the climax of this price action, we have seen consolidation with the current token price at $0.69 and the market cap at $141 million at the time of writing, according to CMC.
What is Biswap
Biswap, as a decentralized exchange on BNB Chain, is growing in popularity due to its innovativeness. It introduced a first-of-its-kind 3-type referral scheme where users earn rewards whenever their referrals take part in farms, launch pools, or make swaps. Biswap charges 0.1% transaction fees, one of the lowest on BNB Chain.
Want to know more about the Biswap decentralized exchange? Please visit:
Website | Whitepaper | Twitter | Github | Telegram
Source : bsc.news
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