Here’s why the price of Token Solv Protocol is growing

Token protocol Solvo was one of the best tokens in the Cript industry after developers raised $ 10 million in the first Bitcoin offer.

Soulv Protocol (SOLV) The price has risen for another day in a row, reaching its highest level of 1. February. She has now risen almost 80% of its lowest level this year, which is at the lowest level this year, giving it a market cap of $ 75 million.

In the statement, Solv Protocol said that he finished the first offer of Bitcoin Reserve or Brother, raising $ 10 million financing. This lift is part of the process of raising 100 million dollars owned by Protocol (Btc) Book.

Bro combines the benefits of convertible bonds with crypto-native characteristics, aimed at speeding up the institutional adoption of Bitcoin Finance.

According to SOLV, some of the funds set through this offer will be distributed to obtain scenarios that create a yield, including tokens and SoulcC treasures.

“We are excited about the success of our first bidding of Bitcoin, which reflects our investors in our $ 10 million to build the largest Bitcoin reserve and catalyzing the wider adoption of bitcoin in the financial ecosystem.”

New funds for fundraising came several weeks after SOLV protocols Partner with SoneumLayer network-2 Sony, a giant Japanese company. Through this partnership, SOLVBTCC owners can now invest its property, earn awards and access liquidity in the transverse chain in the growing Sonaum ecosystem.

Solv Protocol price analysis

The four-wheel chart shows that Solvo was in constant posturance in the last few weeks. He recently broke key resistance levels to 0.0473 USD – the highest swing at 5. Marta – and the upper side of the upward triangle.

Solvo has crossed the average average of 50 periods, while top oscillators such as relative strength indices and MACD indicators pointed out. Therefore, the token will probably continue to increase how the bulls target the point of 7.6% to $ 0.0677, rose 35% from the current level.