Surprise Listing Announcement From Binance Blows This Altcoin Price!

An overlooked altcoin has found itself in the middle of a parabolic rally of up to 43 percent after gaining surprise support from Binance, the world’s largest crypto exchange.

Binance ranked 163rd crypto asset; a special area where the platform offers investors crypto assets that can experience volatile price movements Innovation Zone(Innovation Zone) listed.

Immediately after the listing, the altcoin rallied 34% from its 24-hour low of $1.23 to $1.76. After the first explosion SYNCurrently, it has declined to the $1.55 level.

Synapse allows crypto holders to transfer their assets to a long list of blockchains including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, Aurora, Boba Network, Canto and more. Well synapse(SYN) is a platform designed to enable the secure and efficient transfer of digital assets between blockchains. SYN is the platform’s management token. On the project’s website, Synapse claims to be a platform that aims to solve “interoperability barriers” that complicate both the user experience and the application development process.

Synapse is also building its own chain, which will be compatible with the Ethereum Virtual Machine (EVM) and is designed to help developers deploy crypto applications across multiple chains. Synapse Chain is expected to be released this year and is currently in a testnet phase.

You can check the price movements here.

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