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Ethereum-Based Decentralized Science Altcoin Leaps to Life in Hours Following Shock Binance Listing

An altcoin on the frontier of where crypto meets science is coming alive following a new Binance listing. According to Binance, the world’s largest crypto exchange by trading volume just expanded trading services for BIO Protocol ( BIO ). “Fellow Binancians, Binance is excited to announce that BIO Protocol (BIO) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures…” In the hours following the announcement, BIO flew from $0.6738 to its current going price of $0.8382, a 23.5% increase. BIO is an Ethereum ( ETH )-based ERC-20 token. According to the protocol’s website, BIO Protocol aims to “accelerate biotechnology by giving global communities of patients, scientists and biotech professionals the ability to collectively fund, build and own tokenized biotech projects and intellectual property (IP).” The protocol places itself as a financial layer meant to help catalyze talent and financial inflows to decentralized science. It seeks to aid the formation of “bioDAOs” (decentralized autonomous organizations) that will help fund and self-govern scientific IP internationally from researchers, companies, and universities. One essential element of the protocol is decentralized data sharing, allowing researchers to keep IP and data ownership throughout scientific collaboration. BIO Protocol went live on-chain in concurrence with the Binance announcement. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ethereum-Based Decentralized Science Altcoin Leaps to Life in Hours Following Shock Binance Listing appeared first on The Daily Hodl . CryptoIntelligence

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Bitcoin Dominates 2024, Outperforms Gold And Major Indices – Details

If there’s one crypto asset that is expected to make it big this 2025, it has got to be Bitcoin. The premiere crypto has demonstrated remarkable success as it ushers in 2025. Registering solid numbers in the last few weeks, analysts have high hopes that it can make further breakthroughs. In fact, based on latest research, Bitcoin has surpassed conventional asset classes such as gold, cementing the optimism behind the coin. The digital coin’s success this year is unsurprising, attributable to several advantageous market conditions, including Donald Trump’s victory in the recent US elections. Related Reading: Bitcoin Remains Below $100,000: Is the Bull Market Over or Just Taking a Breather? According to a report from Creative Planning, and from a post on Twitter/X by Charlie Bilello, Bitcoin’s performance dwarfed the results of other asset classes, with gold offering returns of just 26%. The same data shows the Nasdaq 100 gained 25%, US large caps 24%, mid-caps 13%, and convertible bonds 10%. Although proving showing decent numbers, Bitcoin is still a volatile asset with dramatic price swings. With the exception of Long Duration Treasuries, every major asset finished higher in 2024 with Bitcoin leading the way for the second straight year.https://t.co/l5IYmkf6Ih pic.twitter.com/TyStoT73rp — Charlie Bilello (@charliebilello) January 1, 2025 Bitcoin Edges Gold And Other US Indexes Although Bitcoin has received a few criticisms and was the subject of regulatory actions, it remains a top-performing asset class. Since 2011, BTC has led all other asset classes, except for at least three years where it yielded negative returns to holders. For example, in 2018, Bitcoin’s yield was at -73%. But most of the time, Bitcoin was a consistent performer, and there were even some instances when yields topped 1,000%. According to the same chart, Bitcoin even offered yields of 1,437% in 2011, even beating long-term treasuries with a “modest” 34%. There were instances when Bitcoin’s yield disappointed its holders and investors. If we check the asset’s yield this year, we’ll discover that it’s lower than last year’s 156% return. Last year, Bitcoin was also the top performer among major asset classes, also beating gold. Bitcoin Shows Strength, But Volatility Remains While most of the past 14 years have seen great performance of Bitcoin against other asset classes, its volatility still raises questions. Owning Bitcoin or other cryptocurrencies always has hazards related to erratic price swings and even policy announcements. Related Reading: Wealth Mentor Predicts XRP Path To $100 – Should You Invest Now? Bitcoin’s price has more than doubled since starting 2024 within the $40k range. As of press time, Bitcoin trades between $95k and $97k. Last December 5th, Bitcoin’s price hit the $100k mark before dipping below $100k again after one day. Ether also joined the surge and volatility, with its nearly 50% gain for the year, and it’s currently trading in the $3,400 range. Featured image from Newsbit, chart from TradingView CryptoIntelligence