The Badger DAO utility token, BADGER, has skyrocketed in worth because of cryptocurrency trade Binance.
Badger DAO (BADGER) is a decentralized autonomous group (DAO) with a single goal: to create the merchandise and infrastructure wanted to speed up the usage of Bitcoin (BTC) as collateral for different blockchains.
In 24 hours, BADGER noticed a powerful 20.18% improve, rising from $2.8 to $4.61 within the worth vary. At its peak, the token worth reached $5.53. This worth improve signifies optimistic market sentiment following Binance’s announcement.
The coin’s sharp rise got here after Binance introduced on Nov. 9 that it might launch the USDS-M BADGER Perpetual Contract. The itemizing, scheduled for Nov. ninth at 12:30 pm (UTC), has elevated curiosity in BADGER. Merchants at the moment are attending to grips with this new buying and selling product and may use most leverage of 50x.
The cryptocurrency market as a complete is experiencing a brand new wave of rally as Bitcoin rises to this yr’s highs. This week, the primary cryptocurrency approached the $38,000 mark, reaching $37,900. The joy within the cryptocurrency market comes forward of the pending approval of spot Bitcoin ETFs in america.
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