The Binance Smart Chain ecosystem is firing on all cylinders, as several prominent tokens note strong weekly gains. That uptrend is a bit surprising as last week was somewhat bearish. However, the momentum has turned around for several markets on BSC, sparking some excitement for this week.
The Pawtocol venture has tremendous potential on paper, as it aims to bring NFTs to real-world pets with BSC. Moreover, a native Blockchain Pet Tag lets pets bring their data with them anywhere. Users can monetize data about their pets in exchange for Universal pet Income (UPI), which can be exchanged for products and services or sold on crypto exchanges. This week’s 108.9% gain is rather spectacular, confirming there is an interest in this concept.
Steam Exchange (STEAMX)
Steam Exchange aims to create a safe space in the crypto ecosphere for new and seasoned investors on BSC. The ecosystem will offer a one-stop-shop for all things crypto through its hybrid digital asset trading platform approach. The ecosystem will bring more use cases to the STEAMX token as the ecosystem rolls out. Even so, there is a strong interest in the token already, culminating in a 45.1% gain this week.
Most people are familiar with the BitTorrent protocol for peer-to-peer file sharing. The project also has a native currency, called BitTorrent Token, or BTT. The token is used for extra download speeds, which can benefit various scenarios. The value of BTT increased by 31.1% last week, which is somewhat surprising. Even so, demand for exposure to this token seems to be on the rise lately.
Unifi Protocol DAO (UNFI)
Decentralized Autonomous Organizations, or DAOs, have been getting rather popular lately. UNIFI wants to become the first sustainable DeFi token with Proof-of-Stake elements for its DAO representative governance model. It is an ambitious goal, although it is always worthwhile to experiment. The UNFI token on BSC gained 28.6% in value this week, indicating that some people are picking up these tokens for several reasons.
Bringing cloud computing to decentralized finance and Web3 will be a massive undertaking. It is not impossible by any means, although there is much work to do. Aleph.im thinks they can crack the code through a blockchain agnostic approach with low costs and a trustless environment. As the native token of this ecosystem, ALEPH seems to get a lot of interest, culminating in a 28.5% price increase for the week.
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