In the past few weeks, Centric Swap (CNS), a dual-token model that gives stakers a fixed hourly yield that "stabilizes over time as it self-regulates token supply to come across ongoing changes in demand," has rallied more than than 850% and is nevertheless about 200% away from its previous all-time high.

Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.000104 on Sept. 9, the price of CNS has skyrocketed one,130% to a daily high at $0.0017659 on Oct. fifteen as its 24-hr trading book spiked 130% to $half dozen.4 meg.

CNS/USDT 4-hour chart. Source: TradingView

Three reasons for the rapid rise in CNS price are the expansion of the project's ecosystem through partnerships, a $i billion injection past Binance into the DeFi ecosystem on the Binance Smart Chain (BSC) and the hope of multiple upcoming developments and announcements past the project's developers.

Centric's ecosystem expands

Real-world adoption is probably i of the all-time validation signals for a project because the increased token utility tends to boost prices and brings new attention to the projection.

Over the by couple of months, the Centric Swap protocol signed a scattering of partnerships with companies like Tourvest Travel Services and Absolute World, which will allow CNS to be used every bit a payment selection for traveling expenses.

Other big partnerships include a collaboration with Goldgenie, which specializes in high-end luxury items like gold-plated jail cell phones and a partnership with the decentralized cross-chain span CroxSwap.

Binance Smart Chain invests in CNS

On July xv, Axial Bandy migrated from the Tron network to the Binance Smart Chain. This gave the project admission to the active trading community on BSC, which has helped to boost its exposure and increment its trading volume.

This turned out to be a timely move because Binance recently announced that information technology would be investing $i billion toward developing the DeFi ecosystem on the BSC, of which Centric Swap is now a part.

Protocol investments and developer incentive plans have grown in popularity in contempo months afterward multiple projects, including Avalance, Fantom and Terra, used the tactic to abound their communities and attract liquidity to their DeFi ecosystems. In each instance, the tactic lead to a strong increase in each project'south token price.

Related: Ethereum alternatives and layer-one solutions see steady gains in September

Teasing upcoming announcements

The project's Twitter feed shows that prior to the recent announcements of the Accented Earth partnership, the team at Centric dropped numerous hints virtually upcoming developments that may accept excited community members and triggered a buying spree.

The proclamation of an announcement arroyo is a popular marketing tactic used in the cryptocurrency sector, but it remains to be seen if this will offering a sustainable pump in price or effect in a buy the rumor, sell the news scenario.

When one Twitter user suggested that the project would corporeality to nothing more than a "purchase the rumor, sell the news" effect, Centric chief operating officer Thomas Butcher rebuffed the thought and said that there is more in the pipeline for Axial in the coming months.

Butcher said:

"Information technology doesn't affair, we take even more news behind that news, and more news behind that news, and more news behind that news... See the pattern that we're entering."

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