It looks like Chainbase ($C ) is making a comeback! After a big 41.5% drop over the last month, it has pumped over 4.8% in the past 24 hours. 📈
So, what's driving this?
* Binance Airdrop: Binance gave out 20 million $C tokens to BNB holders, creating a surge in demand and liquidity. This is a big deal and could happen again with another airdrop scheduled for October! 🎁
* Social Campaign: The Binance Square campaign is offering $100K in rewards, which is boosting trading volume and social buzz. Just be careful, as this can sometimes lead to sell-offs once the campaign ends on October 21. ⚠️
* Technical Bounce: The technicals look promising, with the RSI no longer "oversold," suggesting a potential shift in momentum. 💪
Overall, Chainbase is showing signs of a reversal, but it's a mix of good news and potential risks. Keep an eye on the market! 👀