Binance Holdings Ltd., the world's largest cryptocurrency exchange by daily trading volume and registered users, has officially announced Binance listing of three new meme coins. The lucky projects selected for Binance's platform are Turbo (TURBO), Neiro (NEIRO), and Baby DogeCoin (BabyDoge). According to Binance's statement, these meme coins will be listed with a Seed Tag, and their trading pairs will include Tether (USDT). While trading begins today, Binance has scheduled withdrawals to open on Tuesday, September 17.
Why Binance Listings are Significant
Listing on Binance is a game-changer for any cryptocurrency project, exposing it to over 220 million users worldwide. While some experts suggest that Binance listings could be used as an exit liquidity strategy for early investors, the general market sentiment is bullish. Binance operates in more than 19 jurisdictions and offers deep liquidity, making it easier for traders to buy and sell these meme coins. Additionally, traders can use bots and spot copy trading to engage with these newly listed tokens, providing even more trading opportunities.
Market Impact of the Announcement
Following Binance's announcement, all three meme coins saw significant price increases, despite the overall bearish trend in the broader cryptocurrency market.
Neiro (NEIRO) has skyrocketed by over 440% in the last 24 hours, currently trading at approximately $0.000245. This meme coin, with a fully diluted market cap of around $103 million and daily trading volume of $43 million, has now entered price discovery territory.
Baby DogeCoin (BabyDoge) also experienced a massive 55% surge, now trading at over $0.00000000165 during the early European session on Monday. With 1.87 million holders and liquidity exceeding $22 million, Baby DogeCoin is expected to benefit substantially from its Binance listing.
Turbo (TURBO) has likewise seen gains, with its price rising by over 17% in the past 24 hours to about $0.000438.
Conclusion
The listing of these meme coins on Binance has already shown a significant positive impact on their market performance. As one of the most influential cryptocurrency exchanges in the world, Binance's support is likely to increase visibility and trading activity for Turbo, Neiro, and Baby DogeCoin. With millions of users and deep liquidity, these tokens may continue to gain traction in the coming days, making it a crucial development for both investors and traders.
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