The price of DRIFT token rose 21% in the last 24 hours, reaching $0.6948 on a trading volume that increased by 75% to $57.6 million.
Launch of BET
The growth is largely attributed to the launch of the first capital-efficient prediction market BET on the DRIFT platform. This prediction market merges trading with real-world outcomes, representing a new frontier for the DeFi sector. Additionally, the Coinbase Wallet has introduced Drift as a unified platform for borrowing, lending, spot trading, and prediction markets.
DRIFT Price Prediction
The DRIFT price boost brought the token to the resistance at $0.70. Project’s technical indicators suggest a good chance of breaking this level. The Bollinger bands are widening, a bullish signal. The Relative Strength Index (RSI) is climbing towards the overbought zone, with room for further growth.
Role of Coinbase Wallet
Coinbase Wallet spotlighted Drift as a powerful Solana-based platform encompassing borrowing, trading, and prediction markets.
The potential of the DRIFT token continues to attract traders and investors thanks to innovations like BET and the support of major platforms like Coinbase. Technical indicators point to further potential growth.
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