The Badger DAO Token Surges After Binance Announcement
If you’ve been following Badger DAO (BADGER), you’ll be pleased to know that its utility token has seen a significant surge in value, thanks to Binance. BADGER is a decentralized autonomous organization (DAO) that aims to create the infrastructure required to accelerate the use of Bitcoin (BTC) as collateral for other blockchains.
Over the span of 24 hours, BADGER experienced an impressive 20.18% increase, rising from $2.8 to $4.61 before reaching a peak of $5.53. This surge in price reflects positive market sentiment following Binance’s announcement.
Binance’s Announcement Sparks Interest in BADGER
The sharp rise in the coin’s value came after Binance revealed its plans to launch the USDS-M BADGER Perpetual Contract on Nov. 9th at 12:30 pm (UTC). This listing has generated increased interest in BADGER, with traders now able to utilize a maximum leverage of 50x on this new trading product.
Furthermore, the entire cryptocurrency market is experiencing a new wave of rally as Bitcoin approaches this year’s highs, reaching $37,900 amidst anticipation for the approval of spot Bitcoin ETFs in the United States.
Hot Take: The Future of BADGER Token Looks Bright
With Binance’s announcement and the overall bullish sentiment in the crypto market, BADGER’s future looks promising. The surge in value and increased interest indicate positive momentum for this utility token, making it one to watch closely in the coming days.
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