BNB price is skyrocketing thanks to the new “launch pool” cryptocurrency

Binance Coin (BNB) is in the green today. BNB price rose nearly 8 percent on Wednesday, bringing the price near the $400 mark for the first time in months. One possible reason for BNB’s price strength is the launch of Portal (PORTAL), a brand new addition to the Binance Launchpool platform.

Binance startup pool

Binance Launchpool is a crypto exchange platform where users can stake their assets to gain access to new crypto projects. It offers investors the opportunity to get early entry into new, exciting tokens.

The launch of Portal on Launchpool is big news and likely the reason for the rise of BNB. But what makes Portal so special? Portal is a cross-chain gaming platform. What is often a problem in the crypto gaming space is that crypto games are very isolated on their respective blockchain. Portal aims to solve this problem by creating a seamless Web3 gaming experience.

The addition of Portal to Binance’s launch pool platform shows that the exchange has confidence in the future of the project. As mentioned earlier, it is a brand new token that offers investors a great opportunity. Starting today, Portal can be farmed in the launch pool. Users who stake BNB and FDUSD can receive PORTAL tokens in the next seven days.

According to an official announcement from Binance, PORTAL will be available for trading to all Binance users starting February 29th.

BNB on the rise

Maybe this news can help BNB in ​​the saddle. In recent months, the token has lagged slightly behind other big boys like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). However, with the price increase over the past two days, BNB finally appears to be breaking out of an accumulation phase after almost ten months. At the time of writing, BNB price is $382.

Read Also:  “Bitcoin halving is the most bullish scenario ever for BTC price”

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here