Render

Biswap

FOMO

Show

<p>Biswap (BSW), the native token of the Biswap decentralized exchange on Binance Smart Chain, has seen a remarkable 40% price surge over the last 24 hours. BSW is currently trading at $0.1421 after reaching a 24-hour high of $0.175.</p> 
<p>This strong upside move has come on significantly expanded trading volumes, with BSW seeing $249 million traded in the past day—a massive 1737% increase over its average daily volume.</p> 
<p>For some background, Biswap is a DEX built on Binance Smart Chain that distinguishes itself by offering the lowest transaction fees of just 0.1% on trades. It aims to bring innovation to DeFi through its quality products and services.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="439" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-1024x439.png" alt="" class="wp-image-407583" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-1024x439.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-300x128.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-766x328.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-1536x658.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-2048x877.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-350x150.png 350w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-817x350.png 817w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713-788x337.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-713.png 1793w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The BSW token serves utility purposes on the platform, including fee discounts, staking rewards, and governance rights. The exact trigger behind this latest price pump is unclear; however, BSW has been trending heavily on the Binance exchange, where it is currently the top gainer.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp;
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Install the <a class="thirstylink" rel="nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>Increased visibility on Binance likely sparked FOMO trading activity, causing a virtuous cycle of rising prices and volumes.&nbsp;Overall cryptocurrency sentiment has been bullish in recent weeks, lifting most altcoins higher. But BSW’s gains have outpaced the broader market by a wide margin.</p> 
<p>BSW remains in a clear short-term uptrend, but some consolidation or profit-taking may occur after such a vertical move. The sustainability of this pump will depend on whether the surge in trading activity remains elevated. But for now, Biswap appears to be benefiting from its growing profile in the crowded DEX space.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/analyst-urges-kaspa-enthusiasts-to-reconsider-selling-kas-post-coinbase-listing-draws-parallel-to-ada/" target="_blank" rel="noreferrer noopener">Analyst Urges Kaspa Enthusiasts to Reconsider Selling KAS Post-Coinbase Listing, Draws Parallel to ADA</a></li> 
 <li><a href="https://captainaltcoin.com/why-was-1-3-billion-in-bitcoin-moved-to-binance-a-hot-new-altcoin-prepares-for-launch/" target="_blank" rel="noreferrer noopener">Why Was $1.3 Billion in Bitcoin Moved to Binance? A Hot New Altcoin Prepares for Launch</a></li> 
 <li><a href="https://captainaltcoin.com/ripple-xrp-price-set-to-soar-in-2024-render-rndr-rebelsatoshi-rblz-poised-for-1980-increase/" target="_blank" rel="noreferrer noopener">Ripple (XRP) Price Set to Soar in 2024; Render (RNDR) &amp; RebelSatoshi ($RBLZ) Poised for 1,980% Increase</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-is-biswap-bsw-price-up-by-40-exploring-the-trigger-behind-1700-surge-in-trading-volume/">Why is Biswap (BSW) Price Up By 40%? Exploring The Trigger Behind 1700% Surge In Trading Volume</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is Biswap (BSW) Price Up By 40%? Exploring The Trigger Behind 1700% Surge In Trading Volume

Table of Contents

CaptainAltcoin

Other articles published on Dec 27, 2023

Binance Delists Trading Spot Pairs for Enhanced Market Quality

Over 80% crypto discussions on Reddit were positive in 2023, data shows

Bonk (BONK) Experiences Remarkable Price Movement

MicroStrategy Expands Bitcoin Holdings with $615M Purchase, Surpassing $5.9B Worth of BTC

Here’s what Elon Musk thinks about NFTs

Binance Ex-CEO CZ Witnessed Wealth Surge by $25B in 2023

Join our free newsletter for daily crypto updates!