Analysis: Why did BIO rise 200% in the last 14 days? 📈
Amid the overall recovery of the cryptocurrency market on August 22, the BIO token stands out. This cryptocurrency, owned by the decentralized platform for funding scientific projects, Bio Protocol, is experiencing significant gains today, which is why we are dedicating this analysis to it.
At the time of writing this article, the BIO token is trading at US$ 0,233, with daily gains of 56%, weekly gains of 138%, and monthly gains of 266%. It has accumulated growth of over 200% in the last 14 days.💰✨
BIO had solid accumulation in the range of US 0.05 to US$ 0,1 and has now broken out. 🎯
Of course, there will be some volatility along the way, but the trend only manifests from here.
Let's see how this unfolds! 🚀
What is the Bio Protocol? 🧪🧬
The Bio Protocol is a decentralized platform built on Ethereum and Base that aims to create a blockchain-based financing and management system for scientific projects. Its goal is to reduce dependence on traditional institutions, such as governments, pharmaceutical companies, and large investors. Some describe it as a "kickstarter" for science and medicine, but based on blockchain and community governance.
The BIO token allows inclusion on the whitelist for staking sales and auctions, provides BioXP rewards that prioritize new releases, and grants governance power to vote on BioDAOs, funding strategies, and protocol improvements. 🗳️
It is noteworthy that this project has received support from important figures in the cryptocurrency ecosystem, such as Vitalik Buterin, founder of Ethereum, and Changpeng Zhao, founder of Binance.
