Binance Alpha, one of the new features recently integrated into Binance Wallet, has started to attract a lot of attention. This platform is designed specifically to promote early-stage crypto projects that have the potential to be officially listed on Binance in the future. Investors are very excited about this new feature, and more crypto projects are being added every day. In this article, we will take a look at the new projects added to Binance Alpha today, such as GAME coin, GEL, and UFD.

GAME Coin and Others Added to Binance Alpha
Among the new coins added to Binance Alpha on December 24, there were projects with different performances:

  • GEL experienced a short-term increase of 4.88% with a market cap of $92 million.

  • GAME saw a 1.68% increase with a market cap of $2.42 billion.

  • UFD fell 3.6% with a market cap of $1.3 billion.

  • GOUT saw a 3.24% increase with a market cap of $60.2 million.

  • YNE experienced a 25.12% increase with a market value of $34.3 million.

However, statistics show that not all tokens listed on Binance Alpha have increased in value. Binance created Binance Alpha as a token selection platform to provide more transparency in the listing process. This platform makes it easier for investors to identify promising projects, while also providing the ability to more effectively predict Binance listings.

Analyzing data, investor @sankin_eth found that 12 of the 29 tokens listed on Binance Alpha last week have seen their value drop compared to the pre-announcement period. The top four tokens, with market caps ranging from $10 million to $20 million, have only doubled in value. Tokens listed through Binance Alpha have underperformed those listed on Binance’s main platform. For example, PNUT and ACT have recently seen tenfold increases after listing on the Binance spot market.

While investor Dov attributed the underperformance of tokens on Binance Alpha to general market conditions, Sankin stated:
“Binance Alpha has not made a big impact so far. Perhaps the situation will change when a project is listed on the spot market. The market caps of these tokens range from $10 million to $1 billion, but the difference is quite large. I think focusing on projects with an FDV of $100 million or higher is more likely to drive price appreciation.”