In the world of cryptocurrencies, where volatility is the norm, the token$BIO has been a real breakthrough in August. For the second day in a row, it is showing rapid growth that has not gone unnoticed among investors and analysts. As of the writing of this article on August 24, the price of BIO has increased by over 39% in a day, reaching $0.32, which is the highest level in recent months.
What is behind the growth?
Bio Protocol V2 update: New features allow for launching small and frequent projects, reducing barriers to entry and increasing interest in the BIO token.
Staking launch on Ethereum: Users can now stake BIO and BioDAO, earning rewards in the form of BioXP, which stimulates demand.
DeSci community activity: BIO leads the decentralized science movement, which is gaining momentum. This creates a positive narrative around the token and its ecosystem.
The trading volume in the last 24 hours has significantly increased and amounts to over $688 million, while the asset's capitalization has reached $570 million.
$BIO — is a utility and governance token of the Bio Protocol platform, which brings together researchers, patients, and investors in the joint funding of biotechnology projects. The platform uses blockchain and DeFi principles to create a transparent scientific economy.
One of the crypto analysts called the rise of BIO a 'candle of God', hinting at the potential of the token to lead the DeSci narrative in the coming months.
$BIO shows that even in a challenging cryptocurrency market, there is room for breakthroughs. If the trend continues, the token could become one of the main players in the decentralized science sector.
