SYRUP Surges 33% After Upbit Listing. Is a Breakout to $0.75 Just Starting?
Main Idea
SYRUP token surged 33% following its listing on Upbit and a governance proposal to increase buybacks, with technical indicators suggesting potential further gains.
Key Points
1. SYRUP's price rose 33% after being listed on Upbit, with trading volume up 244% to $452 million.
2. Upbit's promotional campaign included a distribution of 228,000 SYRUP and a $6,666 super jackpot.
3. Maple Finance's partnership with Cantor Fitzgerald's BTC lending desk enhances its institutional credibility.
4. Governance proposal MIP-018 aims to increase SYRUP buybacks from 20% to 25% of protocol revenue, potentially boosting staking rewards.
5. Technical analysis indicates a breakout from an ascending triangle pattern, with resistance levels at $0.65 and $0.75.
Description
SYRUP is up 33%, driven by Upbit listing and associated marketing campaign. Governance vote (MIP-018) could increase buybacks, benefiting long-term holders. Breakout from ascending triangle suggests bullish move, while short-term target near $0.75. SYRUP, the native token of Maple Finance is on a roll today, soaring over 33% over the past 24 hours. With trading volume staggering up 244% to $452 million and market cap climbing to $742 million, speculation rises for the reasons leading to the rall...
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