Investors are keen to identify tokens that, despite being listed on multiple exchanges, have yet to debut on Binance, anticipating significant price surges upon such listings. Recent examples include VELODROME, which saw a 200% increase after its Binance listing, and Travala's AVA, which surged 300% following Binance's investment announcement.
A community investor, @WolfyXBT, has compiled a list of 35 altcoins with market capitalizations starting from $20 million. These tokens are already available on platforms like OKX, Bitget, and ByBit but have not yet been listed on Binance. Such tokens often have established communities and liquidity, increasing their chances of a Binance listing. Notably, tokens with lower market caps may experience more substantial price increases upon listing.
However, it's important to recognize that some successful projects have thrived without a Binance listing. Tokens listed on exchanges like Upbit, Bithumb, OKX, and ByBit have also recorded impressive gains. For instance, Moca Network (MOCA) quadrupled in value after its Upbit listing, and Hyperliquid (HYPE) increased sixfold without Binance's involvement. This trend suggests that high-quality projects may opt for listings on secondary exchanges to maximize benefits for their teams and communities, rather than prioritizing Binance.
Despite this shift, Binance remains a leading exchange in terms of market liquidity. Reports indicate that in 2024, Binance's inflows were nearly 40% higher than those of its top 10 competitors combined. Additionally, during uptrends, tokens listed on Binance often experience prolonged price increases, whereas those listed on platforms like Upbit may see sharp declines in the short term.
In conclusion, while a Binance listing can significantly impact a token's value, investors should also consider tokens on other reputable exchanges. Conducting thorough research and monitoring market trends are essential for making informed investment decisions.