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PUSH Jumps 41% as it Launches on BNB Chain

• Push Protocol (EPNS) launches on BNB Chain
• PUSH token jumps 41% over the past 24 hours
• Bitcoin soared up 10%, through $23,000, to hit a new year-to-date high of $24,314

Push Protocol Launches on BNB Chain

Push Protocol (formerly EPNS,) the blockchain messaging and communications protocol, launched on BNB Chain on Feb. 15. The goal is to „expand its reach and appeal across an ever-diverse list of ecosystems“ following its prior launches on Ethereum and Polygon. The launch of PUSH helped it achieve year-to-date highs for the token which jumped 41% over the past 24 hours.

Benefits of Using BNB Chain

BNB Chain has seen a slew of partnership and collaboration announcements over the past month as Uniswap deployed to the chain, the introduction of the Greenfield decentralized storage system, and OpenSea added support for BNB Chain NFTs. According to Harsh Rajat, project lead and founder of Push Protocol: “Launching on BNB Chain helps Push to get closer to its vision of onboarding one billion users to web3.“ Alvin Kan, Director of Growth at BNB Chain further noted that “The launch of Push Protocol on BNB Chain will bring a whole new level of accessibility to its easy-to-use communication interface powered by decentralized notifications and messaging.“

Price Movement

While Bitcoin soared up 10%, through $23,000, to hit a new year-to-date high of $24,314, PUSH rose to $0.44 from a daily low of $0.31. The token remains down 92.88% from its all-time high but today’s move marks the highest price for PUSH since June 2022.

Conclusion

The launch of PUSH combined with bullish market sentiment have seen positive results for both Bitcoin and PUSH tokens in terms of their respective prices – something that is likely to continue if more platforms are supported in addition to Ethereum and Polygon as planned by Push Protocol team members.

Author

Liam ‚Akiba‘ Wright is an Editor & Producer at CryptoSlate who believes that decentralized ledger technology has the potential to make widespread positive change in our society in coming years.