Why Is Beta Finance (BETA) Crypto Price Pumping?
- PHPzOriginal
- 2024-07-12 14:07:51231browse
Not well probably, but it's all part of the bull market process. And even on days like this, some coins are pumping out there, for example, BETA.
The price of Beta Finance (CRYPTO:BETA) token pumped more than 20% during the morning trading hours Monday.
What Happened: The apex cryptocurrency, Bitcoin, fell more than 5% and the global cryptocurrency market cap declined 3.6% over 24 hours.
Despite the overall market weakness, a few altcoins continued to witness buying interest. Among them was Beta Finance, an Arbitrum decentralized exchange (DEX) token.
The price of BETA soared 22.03% over 24 hours and was last seen trading at $0.083 at the time of writing.
Over the past seven days, the token price has risen nearly 20% and was seen trading in a price range of $0.06 to $0.11.
The price of the token surged over 40% on Sunday alone, before retracing.
Why Is It Important: Beta Finance is a DEX that aims to provide users with an efficient and user-friendly trading experience.
The protocol offers features such as low slippage, fast execution and deep liquidity.
Beta Finance is designed to cater to the needs of both experienced and novice traders.
The DEX currently supports a wide range of popular crypto assets, including BTC, ETH, LINK, UNI and SUSHI, among others.
Moreover, Beta Finance is set to integrate support for decentralized derivatives trading in the future.
See More: Meme Coins Soaring Despite Crypto Price Dip — Captain's Picks Hitting 2-5x, Captain Informs
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