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.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at Cryptonews.net.
Entities in this story
Discussion
Comments are reviewed before publication.
Want the full article?
Continue reading on Cryptonews.net →
No comments yet.