One closely followed crypto trader thinks a low cap altcoin is set to spring back towards its all-time high.
The pseudonymous crypto strategist known as Loma thinks that Binance’s upcoming $1,000,000,000 growth fund could reignite Binance Smart Chain’s popular decentralized exchange Pancake Swap (CAKE).
He tells his 209,000 Twitter followers that CAKE could make a run back to its previous all-time high of $44, alluding to Binance’s growth fund as a potential catalyst.
“Damn, I wish Binance would announce a $1B incentive program or something.”
Binance announced on Tuesday that it had received $1 billion to expand the Binance ecosystem. The expansion plans include allocating $100 million towards the Liquidity Incentive program, which alongside more flexibility and support for professional traders, will