This Defi token is up 27% after the listing on Binance
Both Bitcoin and Ethereum have stalled, but it looks like altcoins have exploded again. A host of digital assets in the top 100 have grown dozens of percent in the past 24 hours, with some digital assets even doubling.
One such digital asset that outperforms the market leaders is BZRX, the native token of bZx Protocol. It has risen 27% in the last 24 hours, surpassing $ 1 for the first time. BZRX, based on Ethereum, is trading at $ 1.19 at the time of this writing.
The reason behind the 24-hour double-digit gain for this Defi token is its listing on Binance. Binance has been quick to step up its listing process in recent weeks as it is a bull market. It is estimated that about two dozen coins have been listed just in the past month.
— Binance (@binance) August 29, 2020
Currencies listed by notable exchanges like Binance and Coinbase often lead to a recovery in their price since these exchanges are often the first source of real liquidity for these coins. And BZRX is no exception.
You can see the BZRX price here.
- SushiSwap – a fork of Uniswap – has already received upwards of $350 million locked in the protocol as the token dumped 99%
- Yearn.finance price has gained approximately 30% in the past 24 hours – an outperformance of Bitcoin’s 1%