{"id":18362,"date":"2024-11-06T14:34:22","date_gmt":"2024-11-06T14:34:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18362"},"modified":"2024-11-06T14:34:22","modified_gmt":"2024-11-06T14:34:22","slug":"these-altcoins-explode-by-over-70-following-listings-on-binance-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18362","title":{"rendered":"These Altcoins Explode by Over 70% Following Listings on Binance: Details"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Binance added two new cryptocurrencies to its platform, causing a substantial price rally for the affected ones.
\nHowever, those were listed with seed tags, meaning users should be increasingly cautious when entering the ecosystem.<\/p>\n

<\/a><\/span><\/h2>\n

The Price Boost<\/h2>\n

Binance <\/span>announced<\/span><\/a> the listing of the altcoins Cow Protocol (COW) and Cetus Protocol (CETUS). The newly introduced trading pairs include COW\/USDT and CETUS\/USDT, and clients can now start depositing. Withdrawals will be available from November 7.\u00a0<\/span><\/p>\n

Trading Bots & Spot Copy Trading services will be enabled<\/span> on the same day. \u201cFor users with running Spot Copy Trading portfolios, <\/span>pairs can be included<\/span> by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings,\u201d the company clarified.<\/span><\/p>\n

It is important to note that COW and CETUS <\/span>were added<\/span> with seed tags. Tokens in this category represent \u201cinnovative projects that may exhibit higher volatility and risks\u201d than other listed assets. <\/span>That said,<\/span> users should pay extra attention and conduct proper due diligence before hopping on the bandwagon.<\/span><\/p>\n

\u201cCOW and CETUS are relatively new tokens that pose a higher than normal risk and will likely be subject to high price volatility. Users must exercise sufficient risk management and DYOR (do your <\/span>own<\/span> research) to fully understand the project before opting to trade the token,\u201d the warning reads.<\/span><\/p>\n

Binance listings often <\/span>have a boosting effect on<\/span> the affected assets due to their increased liquidity, accessibility, and credibility.<\/span> The latest case was no exception, with COW and CETUS briefly skyrocketing by over 70% on a 24-hour scale. In the following hours, their prices slightly retraced but <\/span>remain<\/span> well in the green zone.
\n<\/span><\/p>\n

<\/a>COW Price, Source: CoinGecko<\/p>\n

The Previous Example<\/span><\/h2>\n

Earlier this week,<\/span> the world\u2019s biggest crypto exchange <\/span>launched<\/span><\/a> PONKE\/USDT perpetual contracts.<\/span> The offering enables up to 75x leverage and allows clients to use other assets (such as BTC) as margin.<\/span><\/p>\n

PONKE \u2013 the affected Solana-based meme coin \u2013 saw its valuation soaring by 15% shortly after the disclosure. It pumped to over $0.50 before heading south in the following days. Its price, though, started climbing again on November 6 following the overall resurgence of the entire cryptocurrency sector caused by Donald Trump\u2019s likely win<\/a> in the US presidential elections.\u00a0\u00a0<\/span><\/p>\n

The post These Altcoins Explode by Over 70% Following Listings on Binance: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Binance added two new cryptocurrencies to its platform, causing a substantial price rally for the affected ones. However, those were listed with seed tags, meaning users should be increasingly cautious when entering the ecosystem. The Price Boost Binance announced the listing of the altcoins Cow Protocol (COW) and Cetus Protocol (CETUS). The newly introduced […]<\/p>\n","protected":false},"author":0,"featured_media":18363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18362"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18362"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18363"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}