Binance, the world’s largest cryptocurrency exchange, has announced the listing of DEGEN, the latest addition to its altcoin lineup. The news has already sent DEGEN's price skyrocketing, with traders rushing to capitalize on the hype.
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### Binance Futures Introduces DEGEN with 75x Leverage
In its latest update, Binance announced:
"To expand the list of trading options offered on Binance Futures and enhance users' trading experience, Binance Futures will launch the DEGEN/USDT Perpetual Contract with up to 75x leverage starting on 2024-11-15 at 11:30 AM (UTC)."
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### Market Reacts to the DEGEN Listing
Following the announcement, DEGEN’s price surged, reflecting the community's excitement and demand. The addition of DEGEN to Binance Futures with up to 75x leverage is expected to drive even more trading activity, making it a hot topic in the crypto space.
Stay tuned for more updates as this memecoin takes the market by storm!
#HaveYouBinanced #DEGEN #CryptoNews

For years, the crypto sector has accustomed us to rapid developments, but 2024 marks an unprecedented change with the extraordinary rise of memecoins. Initially regarded as curiosities or digital jokes, these assets have now exploded onto the global financial scene, attracting a massive wave of investors. With a capitalization that has jumped nearly 400 %, memecoins are no longer mere cultural phenomena, but economic forces in their own right.
An exponential growth driven by unprecedented performances
Since the beginning of the year, memecoins have seen their collective value rise from $23.55 billion to $117.28 billion, with an incredible growth of $93.73 billion. At the forefront of this revolution are assets like Gigachad (#GIGA ), which boasts an exceptional increase of 117,429 %, and Degen (#DEGEN ), with a spectacular rise of 116,360 %. These figures reflect an unprecedented enthusiasm, fueled by the growing popularity of these tokens. According to data, “the transaction volume related to memecoins alone represents 17.75 % of the total trading volume in a single day.” A statistic that demonstrates the growing interest in these assets, which have long been perceived as niche products.
Historical players, such as Dogecoin ($DOGE ) and Shiba Inu ($SHIB ), also continue to play a central role in this success. Dogecoin, dubbed “the grandfather of memecoins”, saw its capitalization increase by 298.79 % this year, while Shiba Inu recorded a notable rise of 124.95 %. These performances reflect resilience, but also a capacity to capture the attention of new categories of investors eager for quick returns in a constantly changing market.
#DOGE #SHIB #NextMarketMoves