DeFi Intel

Why did Bitway token skyrocket 100% this week, and can it last?

Bitway token ($BTW) extended its seven-day gain beyond 100% on Aug. 18, trading near $0.37, as reward campaigns drew demand. The rally followed the Aug. 13 launch of Bitway's incentivized decentralized traditional finance staking program, which offers an 8% base APR paid in Tether (USDT) plus an additional 4% in platform points. However, overbought conditions and concentrated liquidation levels raised the risk of a sharp reversal.

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