Four important crypto projects linked to Binance through either Merger and Acquisition (M&A) or Launchpad, are blazing high in the cryptocurrency market, NewsLogical can confirm. The four projects, interestingly, are among the 24 hour top gainers according to CoinMarketCap.
The projects include Swipe (SXP) which was acquired by Binance for an undisclosed amount early this month.
Barely two weeks after the acquisition, Swipe’s digital token is now blazing with a 41% price surge in the last 24 hours.
The Swipe platform allows users to buy digital assets using debit cards. The fiat amount in the app is automatically converted to crypto assets with the help of the Visa payment network. Swipe is being used in 31 countries at the moment, and the nations are majorly in the European Union.
Binance LaunchPad Crypto Assets Blaze
Beyond the Swipe token, three Binance LaunchPad digital assets are also blazing high in the market. Projects like KAVA, BAND, and LUNA have their tokens performing excellently in the market.
BAND token, for example, has seen 46% price increase in the last 24 hours. The digital token stays among the top gainers according to CoinMarketCap.
The same could be said of KAVA and LUNA, which have 31% and 21% price surge respectively.
The reasons behind the sudden price surge cannot be ascertained at the time of this compilation. However, the general crypto market is yet to gain strong traction on the upside as it continues to switch between the bear and bull. Bitcoin and some other popular tokens are generally in green.
On the development, the founder and CEO of Binance, Changpeng Zhao, popularly called CZ, believes the crypto market is gradually moving out of the winter period and may begin to see a tumultuous price rally, any time soon.
Bitcoin is presently maintaining a stable equilibrium, a little above $9,000 shortly after witnessing a price slump from above $10,000 in its recent biggest rally.