Why is the price of Broccoli Memecoin rising today?
The price of Broccoli Memecoin has increased by more than 70% in the last 24 hours. Broccoli appeared on the "Voting" list on the Binance platform earlier today, alongside other memecoins like TUT and MUBARAK.
The memecoin, which was launched under the name of the former CEO of Binance's dog, CZ, is experiencing a massive rise in the cryptocurrency market. Broccoli is the name of CZ's dog, and it is also the name of the memecoin. Its price spiked earlier today and continues to rise currently. As the coin is actively traded in the market, the cryptocurrency community is wondering why its price is increasing.
The Broccoli token (BROCCOLI) is trading at $0.05025, marking a price increase of 60% at the time of this report. Its market value has exceeded $50 million, while the trading volume over the past 24 hours has risen by more than 400%. The token was trading at its lowest point of $0.03141 before its price surged. It recorded a high of $0.0746 within 24 hours.
Binance has added Broccoli to the "Voting for Listing" list.
Binance's announcement is the reason behind Broccoli's price increase. Given that there are two memecoins carrying the same name, both have seen increases in their prices today.
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