PitBull Token Surges After Listings and User Growth

$PIT leads as a top gainer on the BNBChain despite adverse market conditions.

By
Abiodun Oladokun
on
June 21, 2022
Category:
DeFi

Still Making Gains

PitBull is disregarding the downward trends, for now.

According to data from CoinGecko, during the intraday trading session on June 19, the $PIT token recorded a 30% uptick in price to become the top gainer on BNB Chain. 

Riding the ongoing bullish correction in the general cryptocurrency market, data from CoinMarketCap revealed that the token had risen by over 10% in the last 24 hours. At press time, $PIT was changing hands at $0.000000001241. 

Source: CoinMarketCap

At the time of writing, the token registered a 96% growth in trading volume. With a corresponding price rally, investors filled their bags with $PIT tokens. 

Spotted at 100 when writing, the Money Flow Index (MFI) indicated that $PIT was severely overbought. This sends a cautionary signal as such highs are usually followed by price correction when investors start to take profit. 

According to data from LunarCrush, the recent rally in price has caused $PIT to gain traction on a social front. Within the last day, its Social Mentions, Social Engagements, and Social Volume have each grown by 155%, 263%, and 133% respectively. 

Source: LunarCrush

What is Pitbull:

PitBull is a self-staking token that had its ownership renounced and given to the community upon its creation. This decentralization of power has allowed Pitbull to flourish as a 100% community-driven project with markedly engaged holders and rapid growth on a daily basis.

Find more about Pitbull here:

Website | Twitter | Whitepaper | Github |

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Abiodun Oladokun

Abiodun Oladokun is a Blockchain Research Analyst and a Lawyer with over 2 years of practice experience. With keen interest in how the blockchain infrastructure works, he has conducted extensive research into various parts of the technology spanning cryptocurrency projects, DeFi and NFTs. He holds bags mostly in ETH, SOL, ENS and ADA.

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