RIF And URO Surge After Binance Invests In Bio Protocol – Get Ready For The DeSci Boom
Binance Labs has made a strategic investment in BIO Protocol, and the partnership has already had a positive market impact, with both RIF and URO experiencing notable surges. This investment marks Binance Labs’ first venture into the emerging field of Decentralized Science (DeSci).
But of course this is crypto and there are always new variabilities at play: some fud caused a huge sell-off after the pump but now the price, both for URO and RIF, seems to be recovering.
So basically current desci has 3 general layers
1: @bioprotocol —> curate/launch/incubate science projects, basically instead of launching e.g. @vita_dao /@psy_dao /@HairDAO_ separately, scientists can launch these via @bioprotocol as part of the cohort.
2: Under general… https://t.co/14hkBz4RFJ pic.twitter.com/CiTqt1tZR4
— Minion (@0xminion) November 25, 2024
BIO Protocol – A New Layer For Decentralized Science
BIO Protocol brings scientists, patients, and investors together to co-fund, develop, and co-own new drugs and therapeutics. This is accomplished through Biotech Decentralized Autonomous Organizations (BioDAOs). BIO’s unique approach aims to solve key problems in traditional scientific funding, especially in areas like rare diseases, longevity research, and emerging health challenges, which often struggle to get the attention and funding they need.
Currently, the BIO network includes seven BioDAOs, each focused on fields like cryopreservation, women’s health, and psychedelics for mental health. The next wave of projects aims to accelerate solutions for Long COVID, tackle rare diseases, and develop quantum microscopes for studying biological phenomena. By supporting these projects, BIO Protocol aims to expand community-driven scientific research in new and impactful directions.
The funding from Binance Labs will help BIO grow the BioDAO ecosystem, providing seed funding for new projects and strengthening the network of service providers that offer support in areas like community management and tokenomics. This aligns with BIO’s vision of creating an autonomous infrastructure for scientific research driven by advancements in AI, drug design, and open-source computational biology.
The new funding and collaboration have fueled optimism about the potential for decentralized funding to accelerate scientific breakthroughs.
DON’T MISS: Best New Cryptocurrencies to Invest in 2024
RIF and URO – Why The Sudden Dip After A +80% Run?
I see a lot of FUD surrounding $URO and $RIF right now and they're at a good dip!
If you go to pump fun you will find pscience created $RIF, $URO A and $URO B (https://t.co/A6N9hVP14F – Coins created).
This is clearly a bug or mistake from pumpfun or they're hacked.
Here you… https://t.co/63MiAsQoCg
— VikingXBT (@VikingXBT) November 25, 2024
The recent investment by Binance Labs has led to significant market activity for both RIF and URO. RIF has shown a steady upward trend, breaking past the 0.1385 resistance level. The 100-period moving average (MA) at 0.1061 indicates a strong support level, suggesting that investor confidence is growing. The RSI (Relative Strength Index) of 57.64 indicates that RIF is not yet overbought, leaving room for further upward movement if positive sentiment continues.
(RIFUSDT)
URO has also experienced a notable surge. The 50-period moving average (blue line) shows a strong trend reversal, and the RSI of 70.05 suggests that URO may be approaching overbought territory.
(UROUSDT)
In these hours, rumours about the dev behind RIF and URO launching a new token sent a wave of dissatisfaction among investors who sold their holdings. But so far, this seems to be fake news: the deployer for this new token is different. Until the issue is fully clarified, the price action could be very volatile, so much so that some will see this as an opportunity to buy on the dip, and others will decide not to take the risk.
If the pump. science team can effectively clear up any doubts, and this dip could be another rare opportunity to enter the world of DeSci.
CatSlap Is Aiming Higher: After Hitting An ATH Of $56 Million This New Cat Meme Coin Is Ready To Go Higher
CatSlap ($SLAP) brings the joy of internet cat videos to the blockchain. Players earn points by slapping animated cats in a simple, addictive browser game. The game also features a global Slapometer, encouraging users to boost their country’s ranking and engage in friendly competition.
CatSlap launched on Uniswap, one of the few cat coins on Ethereum, and the price has since continued to climb. It recently reached an all-time high of $0.0069 with a market cap of $62M.
A price pullback to $0.0038 allowed more buyers to enter, pushing the price back up to $0.0048. Since launch, $SLAP has maintained a bullish price action, showing the interest of investors in this cat meme coin. The project has also attracted attention from whales, with one purchasing $60K in $SLAP tokens.
(SLAPUSDT)
GamiFi Experience And Staking Opportunity With SLAP
We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— CatSlap (@CatSlapToken) November 21, 2024
CatSlap’s staking offers an attractive 40% APY, with a seven-day lock period and flexible early unlock options. The token has been audited by SolidProof, ensuring reliability, and it currently has a DexTools score of 99/99. Slap looks primed for the next leg up!
CatSlap combines memes, cats, and competition in a gamified experience. If you love all three, now is the time to grab some $SLAP, join the fun, and let the slapping begin!
EXPLORE: Unpacking Weekend Bitcoin Volatility: Why Did Crypto Crash on Sunday? What’s Going on With Crypto?
Join The 99Bitcoins News Discord Here For The Latest Market Updates
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.
