The DeFi market has been making waves in the crypto world, with more and more investors jumping on the bandwagon. One of the key players in the DeFi market is Binance Coin (BNB), which has been dominating the space. This article will explore why Binance Coin is so popular and what the future holds for this cryptocurrency.
DeFi Market Shares Captured by Binance
Binance Coin has been one of the top-performing cryptocurrencies in DeFi. It has seen a significant increase in demand since the launch of the Binance Smart Chain in April 2020.
The native coin BNB (Binance Coin) of the blockchain exploded with the growth of the low-cost and high transaction speed chain. In just over a year the chain’s coin has become one of the most popular cryptocurrencies in the world. Despite being used for fees and rewards on the biggest cryptocurrency exchange Binance, the launch of its own blockchain transformed it into the 4th-largest coin.
Binance Coin (BNB) Price Prediction
The price of Binance Coin price has grown significantly, and many experts predict that this trend will continue. Experts agree that BNB will ultimately surpass its previous all-time high of $690.93 with a target of over $1000 by 2024.
Avorak AI building on Binance Smart Chain
Avorak AI is a new project that is building on the Binance Smart Chain. The project aims to create a decentralized AI platform that will provide users with access to advanced AI tools and services. AVRK, the native token, is leveraging the Binance network’s high level of liquidity and the growing popularity of the DeFi market to create a unique platform that will provide users with a range of benefits and low fees.
The ongoing ICO or presale has already raised over $250,000 in a mere week since it started. Early investor receive a lot of benefits, including steep bonuses and the lowest price possible.
Avorak AI is one of the most exciting projects that is building on the Binance network. Its unique approach to AI and the growing popularity of the DeFi market make it a project to watch in the coming months. The Binance network’s high liquidity, security, and scalability make it an attractive option for developers and investors. As the DeFi market grows, it’s clear that Binance Coin (BNB) will be at the forefront of this growth.
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