PUFFER Price's Latest 40% Hike: What's Driving This Surge?

Bittime - PUFFER's price experienced a significant jump of 40% after listing on the Bithumb exchange, the second largest crypto exchange in South Korea. 

Simultaneously, the Biconomy token (BICO) also recorded an increase of almost 20%. The launch of KRW trading pairs for these two tokens marks a significant milestone for the projects.

PUFFER Listing Details on Bithumb and Its Impact

Bithumb announced the listing of Biconomy and Puffer Finance on November 25. With this launch, users can now access the token more easily, offering governance, staking and utility features. 

Trading pairs for BICO and PUFFER have been launched on the KRW market, with the base price of Biconomy at 480 KRW and Puffer Finance at 422 KRW. 

Bithumb exchange also imposes a five-minute limit on buy orders once trading begins and a limit on sell orders within a 12% price range to ensure smooth transactions.

Utility of PUFFER and BICO Tokens in the Ecosystem

Both tokens offer better utility in their respective ecosystems. BICO supports smart account functions, staking, and transaction fees within Biconomy's multi-chain relayer infrastructure. 

Meanwhile, PUFFER is a key component of Puffer Finance's liquidity re-staking protocol, allowing users to easily stake ETH and earn rewards.

Read too Puffer Finance Launches $PUFFER Airdrop, 13% Tokens for Community

Strong Price Momentum For PUFFER and BICO

Listing on major crypto exchanges provides a significant boost to the token, as seen in FLOKI's price spike following its listing on Coinbase. 

Likewise, the recent listing on Bithumb has had a positive impact on PUFFER and BICO, driving their prices and trading volumes.

Read too Puffer Finance (PUFFER): Tokenomics, Its Pivotal Role, and its Airdrop

Currently, Puffer price is trading at $0.39, with a 40% increase in the last 24 hours. The 24-hour low and high price ranges are $0.26 and $0.422. 

Over the past month, PUFFER has risen 50%, and in the past week, it is up 36%. 

With a market cap of $38 million and trading volume of $114 million, PUFFER is showing strong upward momentum.

BICO, Biconomy's native token, is currently trading at $0.37, reflecting a 12% gain in the last 24 hours. 

The 24-hour low and high price range is between $0.299 and $0.37. 

In the last month, BICO has jumped 110%, while in the last week, it is up 27%. 

Biconomy's market cap reached $329 million, with a 24-hour trading volume of $59 million.

Growing Demand for Ethereum-Scale Solutions

Puffer has also demonstrated significant impact in the DeFi space, especially with its role in the UniFi ecosystem. 

Designed to improve Ethereum's scalability and security, Puffer leverages innovative re-staking and rollup solutions.

As the native governance token, PUFFER plays a critical role in setting key protocol parameters, selecting validators, and curating rollups for Ethereum's decentralized ecosystem. 

It also helps manage fee structures, sign up new rollups, and direct rewards within the ecosystem.

Read too Puffer Price (PUFFER)

Conclusion

With the ever-increasing demand for Ethereum-scale solutions and growing interest in decentralized governance models, PUFFER prices have risen sharply. 

Performance in the past week was also strong, with a 30.7% gain, indicating growing confidence in its ecosystem.

FAQs about Puffer Finance

1. What is Puffer Finance airdrop?

Puffer Finance airdrops are free token distribution programs to users who meet certain conditions, usually to increase awareness and adoption of a project. 

These airdrops often involve simple tasks such as following social media accounts or joining communities. 

2. What is the current price of Puffer Finance tokens?

Puffer Finance token prices may vary depending on market conditions. 

To get the latest prices, you can check crypto trading platforms or price tracking sites like CoinMarketCap, CoinGecko or Bittime.com. 

Currently, the Puffer Finance token price is around $0.39 or around IDR 5,9761.00, but this price can change quickly. 

For further information, you can refer to these sources.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference:

Puffer Price Skyrockets 40%, Biconomy (BICO) 20% After Major Listing. https://coingape.com/puffer-price-skyrockets-40-biconomy-bico-20-after-major-listing. Accessed November 26, 2024

Puffer (PUFFER), Luckycoin (LKY), and MAD emerge as top altcoin gainers today. https://invezz.com/news/2024/11/25/puffer-puffer-luckycoin-lky-and-mad-emerge-as-top-altcoin-gainers-today. Accessed November 26, 2024

Author: IN