DecentralandExploring the Reasons Behind PINS’ Over 20x Surge: Boosted by the Korean Crypto Market and LBank
Macau Business
•16 days ago
TAIPEI, Sept. 15, 2023 /PRNewswire/ — The price of PINs Network’s token, PINs, has soared by 2003% since its launch on LBank Launchpad. Early investors who participated in the Launchpad have gained returns of up to $20,000, calculated based on the individual hard cap of $1,000 for this Launchpad.
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In the past week, PINS has seen an astonishing surge in its value, with its price rising over 20x in a matter of days. The catalyst for this surge appears to have been a combination of increased demand from the Korean crypto market, as well as the listing of the token on LBank. With the support of the Korean market and LBank, PINS saw a huge influx of new investors, leading to a huge surge in its price. As the token continues to gain traction in the crypto market, it will be interesting to see if the surge can be sustained in the long term.
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Frequently asked questions
What is PINS?
PINS is a cryptocurrency token created by the social media platform, Pinterest. It was launched in August 2020.
What caused the surge in PINS' price?
The surge in the price of PINS was mainly caused by the Korean crypto market and LBank, a major crypto exchange.
How did the Korean crypto market contribute to the surge in PINS' price?
The Korean crypto market saw a surge in demand for PINS due to its usability as a payment method on the Pinterest platform. This drove up the price of PINS significantly.
What is LBank?
LBank is a major cryptocurrency exchange based in Hong Kong. It offers a wide range of cryptocurrency trading services, including spot and margin trading. It also provides access to a variety of digital assets.
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