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This Hottest Altcoin Makes Bullish Entry following Biggest Exchange Acquisition

Highlights

    Swipe(SXP) token records all-time high, doubling in its price within a week of acquisition by Binance.

    Swipe followers predict a bull run for the digital asset shortly with price nearing $2.

    Binance lists the SXP token with BNB, BTC, BUSD, and USDT pairs.

Swipe Token SXP makes a big bull run this week

Crypto giant Binance acquired a major stake in company Swipe and listed SXP token on Binance exchange. SXP token is the most bullish Altcoin of the week as it doubled in value recently, reaching the peak at $1.31 on July 19, 2020. It has also managed to grow more than 110percent in the reaching 69th position on the Coinmarketcap ratings.

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The crucial reason behind the surge is the recent acquisition of the company by the leading cryptocurrency exchange Binance and listing of SXP tokens on its platform. At the time of record, the SXP token is priced at $1.96 with a 53.62 percent increase.

You may find this exciting – Binance Altcoin Trading Volume Hits New ATH of $5.1 Billion – Report

Did Binance’s Acquisition Drive Swipe Token

A swipe card is a crypto-fiat payment gateway that bridges the gap between the two currencies. The aim is to bring the mainstream payment network of cryptocurrency by connecting to the existing payment network.

Swipe provides its users with wallets with which users can deposit, store, and withdraw cryptocurrencies. Besides, they can also spend their currencies using the Swipe Visa Debit Card at any place supported by VISA payments.

SXP, the native token of Swipe can be incurred with additional benefits like discount in transaction fees, paying transaction fees, etc. 

Also know – Binance made a New-Record – Marks Highest Trade volume in history

SXP Token Uptrends among Netizens

With the surge in the prices of the token, it has led the crypto space with a storm. Many users are excited about the plunge and expect more rise in prices in the coming days. One of the users, Patek predicted that SXP could be the biggest play of 2020.

Binance CEO, CZ also tweeted about the good performance of SXP. On the other hand, responding to a user who asked whether the swipe project would reach its destiny or gets stuck in between, CZ replied that Swipe would be a successful project and said,

“Not happening on my watch. Anyone who doesn’t ship, we ship them out of the team.”

In a nutshell, the acquisition has witnessed a significant potential for Swipe and its native token SXP. With more than 110 percent growth in the recent fortnight, SXP can be considered a strong contender in the ongoing Altcoin season of 2020.

You may find this intersting – XRP Becomes Most Preferred Coin For Merchants in the US, UK, and India – Report

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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