A new rival of Ethereum (ETH) is seeing a massive boost in price after gaining support from the world’s largest crypto exchange platform by volume.
In a new announcement, Binance says it will officially add the layer-1 blockchain Initia (INIT) to its suite of products starting on April 24th, preceding a spike in price for the asset.
INIT went from a low of 0.605 on April 24th to a peak of 0.921 just a few hours later. The digital asset has since retraced and is trading for 0.88 at time of writing, a 40.95% increase during the last 24 hours.
