Smart Crypto News
Registration
  • Login
  • News
  • Personalized
  • My Folder
  • Learn
  • Contact Us
No Result
View All Result
  • News
  • Personalized
  • My Folder
  • Learn
  • Contact Us
No Result
View All Result
Smart Crypto News
No Result
View All Result
Home Binance

Why This Ethereum-Based DeFi Coin Is Up 30% on the Day

NewsBTC by NewsBTC
August 30, 2020
in Binance, BZRXUSD, BZX Protocol, Ethereum, Technical
0
0
SHARES
1
VIEWS

Both Bitcoin and Ethereum have stalled, but it seems that altcoins are once again popping off. A swath of digital assets in the top 100 have gained dozens of percent in the past 24 hours, with some managing to even double.

One such digital asset outperforming the market leaders is BZRX, the native token of the bZx Protocol. That cryptocurrency is up 30% in the past 24 hours, surmounting the value of $1.00 for the first time ever. BZRX, based on Ethereum, trades at $1.11 as of this article’s writing.

Chart of BXZ Protocol's token over the past few days from TradingView.com

Why Is the Ethereum-Based BZRX Up 30% in the Past 24 Hours?

The coin is up a lot in the past 24 hours due to a listing on Binance. Binance has rapidly ramped up its listing process over recent weeks due to it being a bull market. By NewsBTC’s estimates, approximately two-dozen coins have been listed in the past month alone.

Coins listed by notable exchanges like Binance and Coinbase often lead to rallies in their price due to these exchanges often being these coin’s first source of real liquidity.

BZRX has been no exception.

Featured Image from Shutterstock
Price tags: ethusd, ethbtc
Charts from TradingView.com
Why This Ethereum-Based DeFi Coin Is Up 30% on the day
0
0

Related posts:

No related posts.

Previous Post

Ethereum Reaches a “Do or Die” Level as It Flips Key $400 Resistance

Next Post

Bitcoin Above 100 SMA Could Start Fresh Rally Towards $12,500

NewsBTC

NewsBTC

Next Post
Bitcoin Above 100 SMA Could Start Fresh Rally Towards $12,500

Bitcoin Above 100 SMA Could Start Fresh Rally Towards $12,500

Twitter
About Us
Contact Us
Terms of Service
Privacy

Subscribe to our Newsletter

Download our APP on Google Play

© 2020 Smart Crypto News

No Result
View All Result
  • News
  • Learn
  • Personalize
  • Registration
  • Login
  • Contact Us

© 2020 Smart Crypto News

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In