Altcoin Psycho, a well-known figure in the crypto world, tweeted in which he showed his interest in investing in less renowned cryptocurrency, which escalated the market in a couple of hours. As the tweet states on social media that the trader is going to heavily invest in little or less-known currency that is built on the leading digital currency exchange Binance’s Binance Smart Chain (BSC), as the trader believes that it will actually work “very well” in the near future.
A trader goes by the stage name, AltCoin Psycho, intimated his more than 140,000 followers of social media via Twitter that he is heavily investing in SWIRL, also known as Swirl Cash Token (SCT), which is little known digital currency of Binance Smart Chain (BSC). The trader is of the view that his token is foreseeing a flourishing future as this step or the project has been recently initiated to empower the decentralization of private transactions via Binance Smart Chain (BSC) network.
This project will build on the top of Tornado cash and Ethereum for the sake of privacy and equated swirl cash do the project. Both these projects permit the users to blend the transactions with those with other’s transactions who prefer to hide the root of transactions as the transaction fee of Ethereum is spiking from the month.
As an average transaction fee is $0.01, but on observing BitInfoCharts, it occurred that the average fee of Ethereum transaction was $17 that raised to $40 in the 1st quarter of the following year. According to AltCoin Psycho, SWIRL cash is not just going to be based on the whitepaper rather has already started functioning as a project. Reportedly, SWIRL escalated from $1.55 and now is trading at the value of $5.7.
It is important that, right now, this project is only available to trade at PancakeSwap adjacent to protected Binance Coin. It means this value might fluctuate due to deficient flux of liquidity, as a lot of investments are aiding prominently to raise the token’s price value.
It is a notable fact that although Binance Smart Chain (BSC) was initiated in September 2020, it still got popular as it is an EVM-compatible blockchain showing high performance. Moreover, Binance Smart Chain (BSC) enables the Binance Coin (BNB) skating and smart contracts as well. And, it is most likely to predict that Binance Coin (BNB) might get boosts up with the help of Binance Smart Chain (BSC).