Bubblemaps (BMT) has been doing well since its airdrop last week. After a 30% decline post-launch, the token recovered all its losses in a single day and reached a new all-time high.
Today was an impressive day for the Bubblemaps price performance. On Tuesday, March 18, the BMT coin was up 109.1% over just 24 hours, trading at $0.274. This growth is promising for BMT. At this valuation, the token has already attained a market cap of $69.84 million, ranking 408th among all crypto assets.
The spike in the BMT price came after several listings on major crypto exchanges, including Binance and Crypto.com. Moreover, Binance announced a BMT tokens airdrop for its users. All holders who subscribed to the Simple Earn products on Binance between March 2 and March 6 will be eligible for the airdrop.
Earlier today, the leading South Korean crypto exchange, Bithumb, also announced its listing of BMT. This follows the token’s listing on Bitget last week, which included an airdrop.
How High Can Bubblemaps Crypto Go?
Listing on major exchanges demonstrates confidence in the project and exposes the token to a wider trader audience. Part of this confidence stems from its unique tokenomics, lucrative airdrop strategy, and practical utility.
Bubblemaps focuses on blockchain security and scam detection. The recent rise in crypto scams strengthens the platform’s use case for investors. At the same time, its role in busting high-profile scams like Libra helps Bubblemaps attract media attention.
Instead of a broad airdrop, Bubblemaps rewards loyal platform users. This approach can potentially build long-term loyalty, boosting the BMT coin price in the future. Still, BMT has a fully diluted market cap of 1 billion tokens, which could put pressure on its price in the near term.
To justify its current valuation, the token will have to attract a lot of attention. For this reason, a price target between $0.1 and $0.3 is reasonably attainable for the token. However, a $0.5 target is not out of the question if bullish trends continue.
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