Band Protocol Surges 377% in One Month As Five Crypto Assets Launched on Binance Witness Exponential Growth

Share this story:

Five cryptocurrencies listed as initial exchange offerings (IEOs) on Binance are soaring.

Band Protocol (BAND), which is designed to link real world-data to smart contracts, has exploded by 377% over the past 30 days, according to data from the crypto insights platform Messari at time of publishing. The token has grown by 704% over the past 90 days and an exponential 3,355% year-to-date.

Meanwhile, Perlin, a smart-contract platform that aims to transform international trade into a digital and autonomous industry, has rallied by 279%.

Elrond, which aims for efficient and competitive decentralized application (dApp) experiences in real-world settings by enabling fast and low-cost transactions, soared by 172%.

Collateralized crypto loan provider Kava grew by 162%, and Fetch.AI, which taps on machine learning, artificial intelligence, multi-agent systems, and decentralized ledger technology to automate economic transactions, has witnessed gains of 156%.

Source: Messari

Binance began offering IEOs back in early 2019 in an attempt to formalize the introduction of new tokens on the market.

It has since rolled out 18 cryptocurrencies through its IEO platform known as Binance Launchpad.

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

The post Band Protocol Surges 377% in One Month As Five Crypto Assets Launched on Binance Witness Exponential Growth appeared first on The Daily Hodl.

Read More

All provided materials and tools are for entertainment purposes only and should never be considered financial advice. Crypto News 19 will not take any responsibility for lost funds based on investments/trades made on information found here or any linking website/affiliate. This includes all social media posts and all other communications occurring under the name Crypto News 19. You should always seek professional advice before making any investment or trade.