Magic Square, a community-driven app store for web3 applications, has seen a significant 10.6% price increase in the last 24 hours, landing a spot on CoinGecko’s top gainers list. This surge follows an announcement on Jan. 18 on the official X platform, where Magic Square (SQR) revealed upcoming platform enhancements. These include improved utility for SQR at the Magic Store, the launch of a Premium Membership Program, and the introduction of Review 2.0, allowing users to ‘upvote’ reviews and earn karma points.

The project also plans to offer more opportunities for users to earn additional tokens through the project’s daily pool. SQR, a native utility token on the BNB Smart Chain, powers the Magic Square ecosystem, fostering user, developer, and validator integration. CoinGecko’s trending board shows that SQR has surged by nearly 76% in the past seven days, outperforming the global cryptocurrency market’s 5.3% decline.

Compared to similar BNB Chain Ecosystem cryptocurrencies, SQR has shown substantial growth, with no change in value for others in the same period. While the token currently sits 21% below its all-time high price, it remains a promising altcoin in the current market. This success coincides with reports from a popular YouTube analyst who discussed a signal indicating the initiation of the 2024 bull run for altcoins.

As the cryptocurrency market continues to evolve and grow, projects like Magic Square are proving to be innovative and valuable players in the industry. Stay tuned for more updates and news on Global Crypto News to stay informed about the latest trends and developments in the world of cryptocurrencies and blockchain technology.

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