A Market Resurgence of the Bibox Token (BIX) is Hinged Upon These 3 Factors
cryptogazette.com
Bibox Token (BIX) has the potential to have similar price movements and interest from investors based on the similarities in utility with BNB. Thirdly, the BIX team has continually burnt BIX tokens every quarter of the year in line with the exchange’s whitepaper.
Recently, the exchange started repurchasing the token to take more BIX out of circulation. However, a resurgence of BIX in the markets is hinged on a Bitcoin recovery, a resolution of the falling wedge on the weekly BIX/USD chart and the quarterly token burn/repurchase plan by the exchange.
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