The price of AB DAO’s native token, $AB, has surged 28% over the past week, raising curiosity amongst investors due to its June 7 listing on Binance Alpha.
This week, AB DAO started trading on Binance Alpha, signifying a key achievement for the project’s plans. Besides increased exposure, members of the Binance community enjoy more benefits, including the airdrop for AB tokens worth $9,882 and a competition coming up with 115 million AB tokens up for grabs as prizes. Such activities have led to an increase in trading numbers and interest from the community.
Is Binance Alpha Listing alone what makes the prices surge?
It seems like AB DAO picked Binance Alpha to demonstrate how AB Anywhere can allow for the easy transfer and use of funds across multiple chains and a whole-chain approach to donations. Through Binance Alpha, new initiatives gather information from users all over the world.
In addition, the progress made, the growth of the community, and on-chain governance experiments reflect that the project is being accepted and valued by the market.
Even though there are various reasons for token performance, the Binance Alpha listing seems to have a strong effect on this week’s increase. This means that $AB has more than just attention; it also has a strong reputation and is considered secure because Binance has given it their approval and carefully checked security.
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