Centric Swap Leading Up 1,000% Uptober After

Centric Price Swap (CNS) increased approximately 1,000% in the last 5 weeks for a new partnership, chain migration, as well as the use of social media.

CNS itself is a dual token model that provides investors with fixed hourly returns.

But on condition, those investors have to stabilize it over time as they are the ones who self-regulate the token supply to meet the ongoing changes in demand.

According to data reported from TradingView, since hitting a low of $0.000104 on September 9, the price of Centric Swap managed to rocket 1.130% to a daily high of $0.0017659 on October 15 yesterday.

This is because its 24-hour trading volume jumped 130% to $6.4 million.

And here are three reasons for the relatively rapid rise in the price of Centric Swap.

Centric Ecosystems Are Growing Massive

adoption is perhaps one of the best validation signals for a project. Hence, the increased utility of the token tends to increase the price and also brings new attention to the project.

Over the past few months, Centric Swap protocol signed several partnerships with companies such as Tourvest Travel Services and Absolute World.

Also Red: The United States has overtaken China as the world's largest Bitcoin miner.

Most likely, CNS can be used as a payment option for the company's travel expenses.

Other major partnerships include a collaboration with Goldgenie, which specializes in high-end luxury items such as gold-plated phones and a partnership with a decentralized cross-chain bridge, CroxSwap, also cooperating with CNS.

CNS Migrate to Binance Smart Chain

On July 15th, Centric Swap migrated from the Tron network to Binance Smart Chain. This gives the project access to an active trading community at BSC which has helped increase its exposure and increase its trading volume.

This also turned out to be a timely move as Binance recently announced that it will invest $1 billion to develop the DeFi ecosystem on BSC, which is now part of Centric Swap.

Protocol investments and developer incentive plans have grown in popularity in recent months after several projects, including Avalance, Fantom, and Terra used the tactic to grow their communities.

This tactic is enough to attract liquidity to their DeFi ecosystem. The tactic also leads to a strong increase in the token price of each project.

Use of Social Media

Using Twitter feeds in this project has had a significant effect.

Previously, the CNS has provided a 'code' partnership with Absolute World. If monitored from the Twitter page, the team from Centric has given many clues about its future innovations.

This then makes community members and investors excited to buy the asset and increase the volume.

The announcement also approaches the announcement of a popular marketing tactic commonly used in the cryptocurrency sector.

But it remains to be seen whether this will offer a sustained price pump or will only result in a buy rumor that is just a sell news scenario.