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Binance exchange’s popular altcoin saw its price rapidly increase following its latest announcement. However, this appears highly risky as it has turned into a deceptive hype weapon similar to the Amazon frenzy. Let’s quickly address the reasons for the rise and the risks while the rally continues.
Why is LEVER Coin Rising?
LEVER Coin price was finding buyers at $0.00022, up 28% at the time of writing. The reason for the increase is the announcement of a launchpad for BRC-20. This is turning into something akin to Amazon partnership news and has become annoying. Remember, throughout the year, we saw protocols that rented servers from Amazon or set up nodes there present it as a collaboration.
The Lever team wrote a little while ago;
“We are excited to share that LeverPro, a premium BRC-20 launchpad for the BTC ecosystem, will soon be coming to the global web3 community!
LeverPro primarily focuses on high-potential BRC20 DeFi projects with strong promises to offer new and exciting experiences for users in this rapidly growing ecosystem.
With a solid history in DeFi innovation, we are confident and certain that LeverFi will be and become the best growth and development partner for highly innovative BRC20 DeFi projects aiming to attract the global audience’s attention.
Joint marketing and information releases with our launch partners will begin in the first week of January, so continue to follow us for the latest news and opportunities.”
Accordingly, we have the potential to see this meaningless surge again in January.
