Little-known altcoin soared 100% thanks to Coinbase listing
Biconomy token (BICO) skyrocketed after listing on the popular Coinbase Pro trading platform
BICO is an Ethereum-based altcoin that powers the Biconomy network, which aims to budget user interaction with any decentralized applications (DApps) across multiple blockchains. BICO can be used to pay for network commissions and also as a voting tool for updates.
According to the project's website, Biconomy aims to solve several logistical problems in order to increase the pace of Web 3.0 adoption.
News of the listing lifted BICO from $6.49 to $9.82 in a matter of minutes. A little later, the BICO rate surpassed $12, an increase of nearly 100%.
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