BAKE, which announced that it will make a new Launchpad, has increased by over 100 percent in the last 24 hours.
The cryptocurrency market is going through days where bull expectations are intensifying. The activity in the market also revived many altcoins. The prominent rise of altcoins coincided with the use of social media. Shares on social media platforms cause altcoins to experience instant increases.
The last project that used social media effectively was BakerySwap. The BakerySwap team announced that they will launch a Launchpad project on BRC20. With the announcement, BAKE, the project’s native token, rose more than 100 percent.
https://twitter.com/bakery_swap/status/1732032119277600869
BakerySwap’s announcement sent the price of BAKE soaring!
These days, when BRC20 is still on the agenda, a new move has been made by BakerySwap as if they are taking advantage of the opportunity. The decentralized finance (DeFi) platform signaled the arrival of a Launchpad project on BRC20. The X post was met with intense interest from the crypto community.
BakerySwap had previously organized a Launchpad for RACA and had a major share in bringing the project to the market. The hope that Launchpad, which will be released after a long time, will be a new RACA, was positively reflected in the price of BAKE. BAKE experienced a sensational increase during the day.
BAKE attracted new purchases with the frenzy created by the X post. The interest in BAKE brought about a breakout of the resistance area at $0.1874. The popular cryptocurrency gained great momentum after breaking the $0.1874 resistance and touched the resistance at $0.3596. With its 100 percent rise, BAKE attracted the attention of the crypto community.
As the news began to lose its effect, BAKE began to decline as a result of profit sales. BAKE price retreated from $0.36 to the $0.30 region. BAKE is moving between $0.30 and $0.28 as of the time the news was written.
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