{"id":61140,"date":"2025-04-22T15:35:58","date_gmt":"2025-04-22T15:35:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61140"},"modified":"2025-04-22T15:35:58","modified_gmt":"2025-04-22T15:35:58","slug":"this-altcoin-soars-by-double-digits-following-support-from-binance-upbit-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61140","title":{"rendered":"This Altcoin Soars by Double Digits Following Support From Binance, Upbit: Details"},"content":{"rendered":"

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

A low-cap altcoin has taken the main stage on X due to a massive surge over the past day or so.<\/span>
\nIts impressive price increase was likely triggered by backing from Binance and Upbit.<\/p>\n

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

Reacting to the News<\/h2>\n

Although most of the cryptocurrency market has turned green on a daily scale, one low-cap altcoin has stolen the show. DeepBook (DEEP) is not among the top 100 club, but has outperformed almost all assets from that list in the past 24 hours.<\/p>\n

Earlier today (April 22), its price was trading at around $0.09. Just an hour later, though, it jumped to a seven-week high of $0.16. DEEP\u2019s peak was short-lived, and it later retraced to the current $0.11, which represents a 22% ascent for the day.
\n<\/span><\/p>\n

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

The rally was likely fueled by the support from the world\u2019s largest cryptocurrency exchange as Binance Futures <\/span>launched<\/span><\/a> the DEEP\/USDT perpetual contract with up to 50x leverage. The product has no expiration date and allows traders to bet on the <\/span>price of the cryptocurrency<\/span> without actually owning it.\u00a0<\/span><\/p>\n

The exchange clarified <\/span>that<\/span> futures and spot token listings are not correlated. <\/span>This<\/span> means that a cryptocurrency listed on Binance Futures does not guarantee that <\/span>it will be added<\/span> to Binance Spot.\u00a0<\/span><\/p>\n

Upbit, which <\/span>listed<\/span><\/a> the DEEP\/KRW trading pair earlier today, may have also <\/span>contributed to<\/span> the asset\u2019s price <\/span>increase<\/span>.<\/span> Thus, South Korea\u2019s leading crypto exchange doubled <\/span>down on<\/span> its backing for the token since it previously <\/span>introduced<\/span><\/a> the DEEP\/BTC and DEEP\/KRW pairs.\u00a0<\/span><\/p>\n

Examples in the Past<\/span><\/h2>\n

Support from major exchanges like the <\/span>aforementioned ones<\/span> increases the liquidity of the involved cryptocurrencies, enhances their visibility and availability, and gives them a reputational boost.\u00a0<\/span><\/p>\n

Earlier this month, Binance <\/span>placed<\/span><\/a> the meme coin Cat in a Dogs World (MEW) in its Binance Alpha section \u2013 a platform within the exchange\u2019s ecosystem that serves as a pre-listing selection pool. <\/span>The<\/span> token\u2019s price rallied by 15% <\/span>shortly after the inclusion<\/span>.<\/span>\u00a0<\/span><\/p>\n

In February, Upbit <\/span>introduced<\/span><\/a> the trading pairs TRUMP\/KRW, TRUMP\/BTC, and TRUMP\/USDT. <\/span>The<\/span> meme coin launched by US President Donald Trump pumped by 10% <\/span>following the announcement<\/span>.<\/span><\/p>\n

The post This Altcoin Soars by Double Digits Following Support From Binance, Upbit: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR A low-cap altcoin has taken the main stage on X due to a massive surge over the past day or so. Its impressive price increase was likely triggered by backing from Binance and Upbit. Reacting to the News Although most of the cryptocurrency market has turned green on a daily scale, one low-cap altcoin […]<\/p>\n","protected":false},"author":0,"featured_media":61141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61140","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\/61140"}],"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=61140"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61141"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}