BNB price surges 9% as AltSignals ASI token staking gains momentum

• BNB price surges 2% in 24 hours days, driven by Binance’s burn announcement.
• AltSignals empowers traders with ASI token staking, offering up to 25% rewards.
• Over 96% of ASI token supply staked, highlighting widespread adoption and confidence.

Binance Coin (BNB) has witnessed an impressive surge of over 2.5% in the past 24 hours, outperforming many of its counterparts in the cryptocurrency market.

This significant BNB price increase comes amidst a flurry of activity surrounding BNB and the ongoing staking of AltSignals’ ASI token.

BNB price soars amid Binance’s burn announcement

Binance Coin (BNB), the native token of the Binance cryptocurrency exchange, has experienced a remarkable surge in value, climbing to $381.4. The token price has surged by 2.48% in the past 24 hours adding to a 9.22% increase in the past week.

The recent price surge has solidified BNB’s position as the fourth-largest cryptocurrency by market capitalization, with a total market cap of $57.04 billion.

Today’s surge has been attributed to several factors, including Binance’s announcement of a burn of BUSD and TUSD B-tokens. Although this burn did not involve BNB tokens directly, it generated positive sentiment among investors, contributing to the increased demand for BNB.

Additionally, technical indicators such as a bullish golden cross observed on BNB’s charts have further fueled investor optimism. This pattern, which occurred in early December 2023, signalled a bullish trend for BNB, attracting traders and investors seeking profit opportunities.

AltSignals and ASI token staking

AltSignals, a prominent provider of trade signals and analysis for Binance Futures, Forex, and TradingView Algos, has been making waves in the cryptocurrency community with its AI venture with the ASI token at its heart.

The ASI token is an integral part of the AltSignals AI ecosystem, providing users with access to advanced trading algorithms and features.

After a successful presale, AltSignals has opened a staking program for the ASI token

The ASI token staking program allows users to stake their ASI tokens and earn rewards in return. AltSignals has seen a surge in ASI token staking, with over 28.9 million tokens already staked out of a total limit of 30 million tokens. The staking period lasts for three months, offering participants the opportunity to earn up to 25% in rewards on their staked ASI tokens.

This ongoing staking activity has garnered significant attention within the cryptocurrency community, as users seek to capitalize on the potential rewards offered by the ASI token staking program. With the staking window open for 72 hours, participants have a limited time to take advantage of this opportunity and stake their ASI tokens for potential rewards. To participate in the staking, visit the official Altsignals website.

Conclusion

As BNB continues to soar in value, driven by bullish market sentiment and positive developments within the cryptocurrency ecosystem, AltSignals’ ASI token staking program presents a lucrative opportunity for investors to earn rewards while actively participating in the AltSignals AI ecosystem.

With both BNB and ASI token staking gaining momentum, the cryptocurrency landscape is witnessing a flurry of activity, signalling optimism and potential for growth in the days to come.

The post BNB price surges 9% as AltSignals ASI token staking gains momentum appeared first on CoinJournal.

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