The post Beta Finance Price Prediction for 2024 appeared on BitcoinEthereumNews.com.

Beta Finance (BETA) is a DeFi platform that lets users borrow and lend crypto as well as short-sell crypto assets. The platform stands out by operating a money market which grants access to a wider range of assets than other popular DeFi platforms, as well as focusing on ease of use. What is the Beta Finance coin price right now? Beta Finance is currently worth $0.08017 after rising over 94% in the last 7 days. Higher trading volume over the last week has driven up price, with a technical breakout from a descending triangle pattern coming into effect from June 26 onwards. Beta Finance 7-day chart | CoinGecko BETA saw strong volume on the Binance exchange in particular as more traders bought in to chase the upward momentum. BETA is now down 10% for the day but remains near a monthly high. However, it’s worth noting that BETA price has fallen considerably since launching in January 2022 when it was worth over $3, and the yearly high of the coin was also well above current levels at $0.11. BETA has fallen steadily in value since 2022 and is down almost 98% overall. Why is causing the Beta Finance (BETA) coin to rise? The Beta Finance price increase may largely be due to positive market sentiment around DeFi tokens in general, as well as recent developments on the project. Beta Finance is now in its second iteration, called Omni, a lending market that saw some success on Ethereum and Binance Smart Chain. Beta Finance launched this market on Arbitrum just a few days before the price surge, adding increased utility to BETA coin which is used for platform discounts and rewards such as liquidity mining incentives. There has been very little Beta Finance crypto news coverage despite these developments, although this…

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Filed under: News - @ July 3, 2024 10:22 am