Altcoins
Binance to List These Altcoins: Top Tokens to Watch
Binance, one of the world’s largest cryptocurrency exchanges, regularly adds new tokens and projects to its platform. These listings can provide profitable investment opportunities for traders and investors looking to diversify their portfolios.
Staying informed about upcoming Binance listings could be a good investment strategy for investors looking to make significant profits in 2024.
Let’s find out the upcoming Binance quotes you should watch out for this year.
Upcoming Binance Listings and Delistings to Watch in 2024
In an official speech announcement On July 31, Binance revealed plans to list several key tokens in USDC trading pairs on cross-margin and isolated margins. The new pairs include JTO/USDC, LDO/USDC, STX/USDC, EOS/USDC, and CKB/USDC. The exchange also added other pairs like MANTA/USDC, OMNI/USDC, and PIXEL/USDC.
These additions are part of Binance Margin’s ongoing efforts to expand its trading choices, allowing users greater diversification of their portfolios and flexibility in trading strategies. This is also seen as a strategy to reduce the load on larger coins like BTC and ETH and to minimize the risk involved in trading.
Additionally, on August 2, 2024, Binance will delist several spot trading pairs, including ADA/TUSD, AEVO/BNB, AST/BTC, and MANTA/BNB. However, the tokens will still be available for trading on other pairs on Binance Spot.
Investors prepare for impact
The market reacted quickly to the announcement, with notable price movements across several newly listed tokens. Jito (JTO) saw a 4% increase, with its price reaching $3.33. The token’s 24-hour low and high were recorded at $3.07 and $3.35, respectively, although its trading volume declined by 23% over the same period. Jito’s future open interest also saw a substantial increase, rising by over 17% over the last four hours.
Following the announcement, Lido DAO (LDO) and Stacks (STX) prices rose 3%. Buying interest came primarily from futures traders, with Lido DAO and Stacks futures each up 3% over the past four hours. The main buying activity occurred on the Binance and Bybit exchanges, although traders remain cautious ahead of the US Federal Reserve rate decision.
Other tokens, such as EOS, Nervous Network (CKB), MANTA, PIXEL, and OMNI, have also seen slight price rebounds. Despite these increases, these tokens continue to face market pressures and have yet to see a substantial recovery.
Additional Updates
In a related development, Binance announcement the inclusion of Render (RENDER) in its loanable asset products. The exchange recently listed Render following its migration from the Ethereum blockchain to the Solana blockchain.
This inclusion is part of Binance’s ongoing efforts to offer its users a wider range of assets and opportunities.