Cryptocurrencies who are making the move to the new Binance Chain DEX are seeing some impressive price gains, which could open the floogates for many more to follow.
Chain Migrations Are So Hot Right Now
Shortly after announcing the launch of its mainnet yesterday, as well as the details for the BNB swap, Binance revealed that Mithril (MITH) will be the first project to see its token migrated on Binance Chain.
“MITH will be one of the first projects to migrate tokens onto Binance_DEX. Our community, thank you for your support!” said Changpeng Zhao, Binance CEO.
Additionally, the cryptocurrency exchange also announced that they will be adding support for MITH/USDT trading pairs today, April 19th.
As a result, MITH price 00 surged. At the time of this writing, MITH is up more than 69 percent against the USD over the last 24 hours.
As seen in the above chart, MITH is doing very well when trading against BTC as well. Over the past day, it has marked an increase of about 57 percent.
Binance Midas Touch
While Mithril was the…