B2 (BSquared Network) increased by 22.48% in the last 24 hours.

Gate News Bot news, on October 29, according to CoinMarketCap, as of the time of writing, B2 (BSquared Network) is currently priced at $1.15, rising 22.48% in the last 24 hours, with a high of $2.12 and a low of $0.91. The current market capitalization is approximately $54.10 million, an increase of $9.93 million compared to yesterday.

B² Network is a leading Bitcoin scaling network that supports 10.85 million addresses and a total locked value of $732 million, aimed at putting Bitcoin-backed dollars into every AI wallet. B² Network offers B² Rollup as a fast, low-cost Bitcoin Layer 2 solution, fully compatible with EVM and secured by ZK proofs and Taproot. The network also includes B² Hub as a Bitcoin Layer 1.5, featuring modular application sharding and signal proof (PoSg). B² Network provides Bitcoin miners and holders a yield-generating Bitcoin mining and DeFi platform, with over 5000 BTC and 580,000 users, offering an annual yield of 3-10%.

B2 recent important news:

1️⃣ Airdrop activities stimulate market demand B2 (BSquared Network) is conducting the second batch of token airdrop activities. Users only need to hold a certain number of points to claim 16 B2 tokens. This airdrop activity not only increases the circulation of B2 tokens but also raises market attention towards the B2 project, which may be one of the important factors driving the recent price rise.

2️⃣ Sustained Price Rise Trend The price of B2 tokens has recently shown a strong pump momentum. In the past week, the price of B2 rose from $2.06 to the current $1.15. Although it has slightly retraced, the overall trend remains upward. This continuous price rise may reflect the market's recognition of the fundamentals of the B2 project.

3️⃣ Market capitalization rise shows investor confidence The market capitalization of B2 has achieved significant rise in a short period of time. In just 5 days, the market capitalization rose from 96.8 million USD to 54.1 million USD. Although there has been a slight pullback, there is still a noticeable improvement compared to before. This rise in market capitalization indicates that investors remain optimistic about the long-term development prospects of the B2 project.

From a technical perspective, although the B2 price has retreated from recent highs, it remains at a relatively high level. Considering its unique positioning as a Bitcoin scaling network and the continuously optimized ecosystem, the medium to long-term development potential of B2 is worth paying attention to. However, investors should also be aware of the high volatility of the cryptocurrency market and assess risks reasonably.

This message is not an investment advice, and investors should be aware of market volatility risks.