A popular altcoin on the Binance exchange recently experienced a rapid price increase following an announcement, which is causing concern due to its resemblance to deceptive hype tactics similar to past Amazon partnership claims. Let’s quickly delve into the reasons behind the surge and the associated risks while the rally continues.
LEVER Coin’s price saw a 28% rise to $0.00022 at the time of writing, attributed to the announcement of a launchpad for BRC-20. This development is drawing parallels to previous misleading representations of collaboration with Amazon by protocols that rented servers or set up nodes on the platform.
The Lever team excitedly shared news about LeverPro, a premium BRC-20 launchpad for the BTC ecosystem, set to arrive for the global web3 community soon. They expressed confidence in LeverFi’s strong background in DeFi innovation and its potential to become a leading partner for growth and development of innovative BRC20 DeFi projects aimed at capturing global interest.
LeverPro will primarily focus on high-potential BRC20 DeFi projects that promise new and exciting experiences for users within the rapidly growing ecosystem. The team assures that LeverFi is well-positioned to be the best growth and development partner for these innovative DeFi projects.
Joint marketing and information releases with launch partners are set to begin in the first week of January. The Lever team encourages the community to stay tuned for the latest news and opportunities.
Given these developments, there is potential for a repeat of this seemingly baseless surge in January, indicating that investors should be cautious of the hype and closely monitor the situation.