shows that BOBA has gained 50.71% over the past week and a half after climbing from a low of $1.24 on March 27 to a daily high at $1.873 on April 5.Three reasons for the climbing price of BOBA include the completion of a $45 million Series A funding round, the launch of the WAGMI v2 incentives program and the expansion of the launch of new protocols on the network.
The Boba Network currently has a $1.5 billion valuation and the team plans to use the funds to help make cryptocurrencies more accessible to the general public, overcome the computational limitations of Ethereum and provide blockchain developers with the tools needed to build new products.
This second round of WAGMI began on April 1 and will run through the end of the month and includes up to $3 million worth of BOBA as rewards. Two million dollars of the amount is reserved for liquidity providers and there is a $1 million bonus incentive if the total monthly trading volume on OolongSwap reaches $25 million.A third factor helping to boost the valuation of the Boba Network has been its expanding ecosystem of protocols and DApps.
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