BNB Chain and YZi Labs Launch $1 Billion Builder Fund Initiative
Key Points on BNB Chain's $1B Fund Initiative
- BNB Chain and YZi Labs have announced a $1 billion fund to support Web3 builders, aiming to enhance the BNB Chain innovation pipeline.
- The initiative includes integrating YZi Labs' Residency program with BNB Chain’s Most Valuable Builder (MVB) accelerator.
- Projects selected for this program may receive up to $500,000 in funding and direct support from the BNB Chain core team.
- Aster (ASTER), a decentralized exchange built on BNB Chain, has seen a 2,000% increase recently. It is considered a potential candidate for the fund.
Aster's Market Position and Technical Analysis
- Aster currently trades at $1.76, with a symmetrical triangle pattern suggesting potential high-volatility breakouts.
- If Aster breaks above resistance, targets are at $3, $5, and $10, indicating a possible 400% increase.
- Failure to maintain the lower trendline could result in a short-term correction to $1.50 before recovery.
Snorter Bot Launch
- Snorter Bot ($SNORT) is a new trading assistant for meme coins on Telegram, designed for ease and safety.
- The presale has raised over $4.4 million, with 11 days left until the next price increase.