Binance’s recent announcement to list low and mid cap coins fuels bullish sentiment.
One crypto trader believes this could be the trigger to launching the altseason for this cycle.
He highlights IO, LINGO, MOVE, GRASS, PEAQ, and PLUME as next 100x projects.
The crypto community has been patiently waiting the onset of altseason for the ongoing bull cycle. When will altseason begin and what event will trigger this event? Many analysts have varying theories while one takes the spotlight today.
Binance is about to ignite an epic altseason.They'll soon start listing low/mid caps.The next 100x will come from these new, shiny coins.In 2021: $FTM did 600x, $MATIC 200x.Here're 6 new projects with the highest potential pic.twitter.com/2xxjQ5jHOE
— Xremlin (@0x_gremlin) May 31, 2024
According to this one crypto trader the commencement of altseason will be triggered by the popular cryptocurrency exchange Binance. Specifically, the event that will trigger altseason will be the fact that Binance will begin to list low and mid cap altcoins onto its globally recognized CEX very soon.
The crypto trader goes on to explain how this listing frenzy will trigger the highly anticipated altseason. To highlight, he says the next 100x altcoin gems will likely be from these new listings. More so, their performance will be similar to that of Fantom (FTM) and Polygon’s MATIC from 2021.
Firstly, the trader draws light to Binance recent announcement about listing small to medium sized projects onto its listing program. This initiative will help these projects foster organic growth and boost the blockchain sector.
In turn, these listings will give traders the chance to get in on interesting and promising projects in their early stages. Thus, they have the chance to reap high rewards later in the golden bull run phase.
He also highlights how the listing of small and mid cap tokens will be healthy and will help restore balance in the crypto market where selling and buying pressure have been heavy. To qualify for Binance’s listing, projects must meet certain criteria.
These criteria refers to having a strong community, sustainable user growth, and having a sustainable business model. Token allocations must be significant amongst community rewards and the project’s design and innovation should be impressive along with compliance to regulatory standards.
He then ends by saying new coins will steal the spotlight this season and highlights 6 specific tokens he expects to steal the show. To specify, he mentions, IO, LINGO, PEAQ, MOVE, PLUME, and GRASS.
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The post Binance Set to Usher Altseason Following Rapid Listing of Low and Mid Cap Altcoins, Which Will Explore First? appeared first on Crypto News Land.
