The Bitcoin bounce breathes new life into Binance Smart Chain-based tokens, BABYDOGE and DINO.
Bitcoin Market Rebound
Yesterday, June 22, 2021, the market took another plunge below the $30,000 price mark, hitting a new low of $28850, dragging alternative coins (alts) down along with it.
However, at the time of this report, the world’s number one cryptocurrency has made a nice rebound of 17% from the last local dip to its current price of $33850. This regained market strength has also positively affected most major altcoins in the market, including tokens built on the Binance Smart Chain network; specifically DINO, and BABYDOGE tokens, both gaining impressive triple-digit gains.
Dino Exchange (DINO)
Dino Exchange is a BSC-based exchange that placed cheap fees, anonymity, and security at the top priority of the exchange for users. As a result, its native token $DINO tops the curated list of BSC News top performers as the number one in 7 Day gains.
$DINO gained 300% in the last 24hrs as the general market seems to have taken a rebound, placing the price for a token at $5.74 at this review time.
In the last 24hrs, the platform, via its Twitter handle, announced the end of the prediction event for Champions of Euro 2020 on June 20th. According to its tweet, the winners of the event will be announced when the Euro games end.
The platform also announced that an analytics tool would come up in the next list of features to be launched. The release date June 21st -26th, 2021.
Advantages of the tool to traders include, as mentioned by Dino Exchange:
Up to minutes updates on Market – especially for DINO/BUSD
Different tools and time frames
Dino Exchange traders will have a better timed and informed trades with the integration of this tool.
Another catalyst for the token rally may be attributed to its high APR offering on its BUSD farm. Dino Exchange is among few BSC-based farms offering high BUSD APR to users, a whopping 341%. The platform has also hinted that it may soon join the NFT industry. This is contained in a quote tweet of Binance owner Changpeng Zhao tweet in which it has made public its plan to join the NFT trend.
To learn more about Dino Exchange, kindly check out the following resource pages:
Baby Doge Coin (BABYDOGE)
BABYDOGE token seems to help make a case for meme token relevance despite the market decline of the number one meme coin in the market, Dogecoin, which has since fallen off its $0.3 price mark to its present level around $0.2.
The projects Twitter page has more than 50,000 followers and checking out its feeds gives a credible insight into what the platform is achieving. Its recent burn event and the publicity that it garnered may have had a positive effect on the token.
At the time of this report, BABYDOGE has netted nearly 500% for holders in the weekly gain section and 36% in the last 24hrs.
Its token holders have now surpassed 100,000, hitting a new market capitalization (Mcap) all-time high (ATH) of $270m+ as tweeted.
The platform has just released its Whitepaper, available now on its website, and has said they will do a multilingual translation in the future.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.