Biswap, a decentralized exchange (DEX) on Binance Smart Chain, has been gaining traction in the cryptocurrency market. Here's a breakdown of its current trends and analysis:
Current Price and Market Sentiment
The current price of $BSW is $0.05572, with a 66.81% increase in the last 24 hours. According to market sentiment analysis, 81% of the community is bullish on Biswap, indicating a positive outlook.
Key Statistics
- *Market Cap*: $30.34 million
- *24h Trading Volume*: $230.23 million
- *Circulating Supply*: 544.49 million $BSW
- *Total Supply*: 644.13 million $BSW
- *Max Supply*: 700 million $BSW
Recent Price Trends
- *24h Range*: $0.03299 - $0.05726
- *All-Time High*: $2.13 (December 8, 2021)
- *All-Time Low*: $0.01104 (April 15, 2025)
What Drives Biswap's Growth?
Biswap's growth can be attributed to its:
- *Low Transaction Fees*: 0.1% trading fee, with 0.1% for stablecoin trading pairs
- *Referral System*: Users can invite others and receive referral fees from farms, launch pools, swaps, and lottery
- *High APRs*: On Biswap farms and launchpools
- *Security*: Biswap has undergone an audit from CertiK and has a SAFU insurance fund
Today's Trend
Based on the latest data, $BSW's price has increased by 48.49% to $0.05, with a high price of $0.06 and a low price of $0.04. The current trend indicates a strong bullish sentiment, driven by its growing adoption, low transaction fees, and high APRs on farms and launchpools.¹ ²
Bullish and Bearish Trends
*Bullish Trend:*
- Increasing adoption and user base
- High APRs on farms and launchpools
- Low transaction fees
- Positive market sentiment
*Bearish Trend:*
- Market volatility and potential price drops
- Competition from other decentralized exchanges
- Regulatory risks and potential changes in market sentiment
Overall, Biswap's current trend indicates a strong bullish sentiment, driven by its growing adoption, low transaction fees, and high APRs on farms and launchpools. However, investors should be aware of potential risks and market volatility.