Magic Square Sees 10.6% Price Increase
Magic Square, a community-driven app store for web3 applications, has experienced a 10.6% price increase in the last 24 hours, earning a spot on CoinGecko’s top gainers list.
Platform Advancements and Enhanced Utility
Magic Square recently announced its plans to roll out platform advancements in the upcoming weeks. These include enhanced utility for SQR at the Magic Store, the introduction of a Premium Membership Program, and Review 2.0, which allows users to ‘upvote’ reviews and earn karma points.
More Opportunities for Token Accumulation
The project also revealed that they will provide additional avenues for users to accumulate tokens in the project’s daily pool.
SQR’s Rewards and Use-to-Earn Experiences
SQR, the native utility token of Magic Square, operates on the BNB Smart Chain and powers the Magic Square ecosystem. It offers reward opportunities and use-to-earn experiences for users, developers, and validators in the web3 crypto ecosystem.
SQR Outperforms Market Decline
SQR has shown significant growth in the past seven days with a nearly 76% increase, surpassing the global cryptocurrency market’s decline of 5.3%. It has also outperformed other BNB Chain Ecosystem cryptocurrencies that have remained unchanged in value during the same period. However, it currently sits about 21% below its all-time high price.
Potential Bull Run Initiation
It is noteworthy that Magic Square’s success aligns with a report from a popular YouTube analyst who discussed a signal used by crypto experts that indicates the initiation of an altcoin market bull run. This has sparked speculation about the start of the 2024 bull run.
Hot Take: Magic Square Rises as a Leading Web3 App Store
Magic Square has seen a significant price increase and continues to introduce platform advancements and enhanced utility for its users. With its focus on rewards and use-to-earn experiences, SQR remains a prominent player in the web3 crypto ecosystem. The token’s outperformance against market decline and other BNB Chain Ecosystem cryptocurrencies highlights its potential. As the altcoin market shows signs of a potential bull run, Magic Square positions itself as a leading web3 app store.
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