Altcoin
Bio Protocol (BIO) To Revolutionize DeSci Space, Arthur Hayes Predicts
In an unprecedented turn of events, Bio Protocol (BIO) emerged as the talk of the crypto town on Friday, primarily as BitMEX co-founder Arthur Hayes lauded the DeSci project. Notably, Hayes highlighted the project as revolutionary in the DeSci space, sparking an optimistic market buzz amid the crypto securing major listings. Particularly in the wake of crypto exchange giants Binance and Gate listing the DeSci token, market watchers remain optimistic about future movements.
Arthur Hayes Shares Bullish Outlook On Bio Protocol
In an X post dated January 3, Arthur Hayes stated, “the BIO launch will re-rate the #DeSci narrative.” This statement has glimmered substantial hope for the DeSci token’s future endeavors, primarily as the BitMex co-founder’s additional report reflected a highly optimistic stance for the project.
Notably, Hayes’s post conveyed how something “seismic is about to happen in the DeSci ecosystem that the market has missed,” primarily indicating the DeSci token launch on Binance. Notably, the post implies that the market has overlooked the significance of BIO’s reward distributions to key participants, specifically the inaugural BioDAOs.
For context, BioDAOs are decentralized autonomous organizations in the DeSci space that fund and support scientific research. Early contributors to the Bio Protocol ecosystem, such as VitaDAO and CryoDAO, remain poised to benefit substantially from the launch and earn rewards.
However, what’s noteworthy is that these rewards for BioDAOs are staggering in scale and, in some cases, exceed the entire market cap of BioDAO itself. This feat has garnered significant attention toward the DeSci crypto project amid a broader crypto market recovery sentiment brewing.
DeSci Token Sees Major Listings
Meanwhile, two crypto exchange giants today revealed plans to support Bio Protocol’s token.
As per an official Binance listing announcement dated January 3, the crypto exchange is adding BIO to ‘Simple Earn, Convert, Margin, Auto Invest, & Futures platforms. In the wake of this enhanced offering, Arthur Hayes anticipates a bullish future and a revolutionary endeavor in the DeSci space in the wake of this development.
Simultaneously, the crypto exchange Gate announced that it is adding a perpetual contact for the abovementioned crypto on its platform. Users can enjoy up to 50x leverage trading the asset. Altogether, these listings have ignited an optimistic torrent for the DeSci token’s future endeavors. Overall, listing from these top crypto exchanges further solidifies a bullish stance for the asset across the broader market.
BIO Remains Eyed By Investors
At the time of reporting, BIO price witnessed an 11% uptick and is currently trading at $0.8774. The coin’s 24-hour low and high were $0.6622 and $0.8980, respectively. Notably, the crypto asset remains much-eyed by traders and investors, primarily against the backdrop of major listings and Hayes’s bullish statements.
Meanwhile, market watchers are gauging the DeSci sector’s potential in the wake of the abovementioned development. Intriguingly, Ethereum co-founder Vitalik Buterin stated, “It’s fascinating how crypto provides more diverse funding for science. It’s not just the traditional institutions.” This statement has brought additional attention to Bio Protocol.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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