Casper Labs’ native token (CSPR) grew more than 15% in 24 hours — should we expect a listing on Binance?

The native token of Casper Labs, which provides enterprise-grade software and professional services to organizations, rose 15,34% in the last 24 hours (from $0.03527 to $0.04068). One of the possible reasons for this growth is related to the ongoing Blockchain Hub crypto forum in Davos, Switzerland, organized by Casper Labs for the second year in a row. 

Crypto Davos

Casper Labs is organizing the event for the second time, which apparently could not but attract attention to the company. That may have caused the growth of the native token.

In 2023, the event was held from January 16 to 19.  

The Casper community cites the fact that Binance CEO Changpeng Zhao arrived at the event as the reason for the growth of the native token. And since the event hasn’t ended yet, everyone is waiting for CSPR to be listed on Binance. 

If the listing does happen, the value of Casper could rise significantly. According to an analysis by Ren and Heinrich, the day after listing on Binance, the value of tokens rises by an average of 41%, and 30 days later, the maximum average price is 73% higher than before listing. Somebody can’t wait for it anymore.

What is going on with the CSPR price now?

As of this writing, the Casper native token is trading at $0.03962, up 12.33% from the day before and up 35.36% from a week ago.

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The historical maximum of the coin took place immediately after the release of the token on May 17, 2021. At that time, CSPR could be bought for $0.5827. After that, the asset went into a downward trend and has not come back yet. The difference compared to the current value is 1370.72%. 

Why should you pay attention to Casper?

In 2023, the company intends to: 

• Expand partnership with IBM and Hyperledger.
• Announce another partnership with a Fortune 100 company in the coming weeks.
• Roll out the Chengdu Chain, in partnership with BSN. Casper will be the official blockchain for the Chengdu prefecture in China. All blockchain development activities there will be happening on Capser.
• Casper 2.0 new blockchain version with new-and-improved consensus mechanism, unified accounts, unified contracts, and an open validator model is coming in Q3.

Each of these aspects will affect the development of Casper Labs, and, consequently, the native token. TechNewsLeader analysts are confident that the long-term outlook for CSPR prices will rise, as there is still optimism that the currency will attract much more attention. The year 2023 could end with an average rate of $0.057 and a minimum rate of $0.055. The maximum rate is expected to be around $0.067.

But exactly how things will move forward remains to be seen. Stay tuned to buidlbee.com.