Among other crypto tokens, Binance provides support for Shiba Inu (SHIB), ApeCoin (APE), Hedera (HBAR), and EigenLayer (EIGEN). Would this cause a rally?
Binance has broadened its trading options by incorporating new trading bot services and combinations for trending crypto. Binance Spot will introduce pairings for a variety of crypto tokens, such as Apecoin (APE), Hedera (HBAR), Book of Meme (BOME), and others. Additionally, the expansion includes Shiba Inu (SHIB) to provide liquidity and support for the increasing demand for SHIB.
Binance Boosts Support for SHIB, APE, HBAR, MEME, & Additional Tokens
In an official release dated November 27, Binance disclosed that it is broadening the selection of trading options available to users on the platform. From Friday, the exchange will introduce the trading pairs APE/USDC, BOME/EUR, EIGEN/USDC, HBAR/FDUSD, MEME/USDC, TROY/USDC, and WLD/EUR.
Starting November 28, Binance will implement Trading Bots services for specific pairings and new trading pairs. This encompasses Spot Algo Orders for APE/USDC, EIGEN/USDC, HBAR/FDUSD, and Spot Grid and Spot DCA for SHIB/USDC and ZK/FDUSD.
By November 29, one of the most prominent cryptocurrency exchanges will also include a variety of additional pairs, including 1MBABYDOGE/USDC, CETUS/USDC, COW/USDC, DYDX/USDC, HMSTR/USDC, and TURBO/USDC.
Binance has implemented a promotion for USDC trading pairs to encourage further trading. During the promotion, users can trade the newly listed USDC pairs and contribute to a pool of 100,000 USDC without incurring fees for USDC spot trading.
This has attracted the attention of retail and institutional traders interested in capitalizing on the zero-fee opportunity while investigating the new tokens available on Binance.
How are the coins performing?
The SHIB Inu price (SHIB) has increased by 4% in the past 24 hours, currently trading at $0.00002485. According to analysts, two rare patterns have emerged, which suggest that the Shiba Inu may undergo a parabolic flight.
In contrast, the price of HBAR increased by 8%, reaching $0.1397, with a 24-hour low of $0.12 and a high of $0.14. Trading at $1.26, ApeCoin (APE) experienced a 3% increase.
BOME and MEME, meme currencies, experienced a 4% and 2% increase in value, respectively, trading at $0.008 and $0.013, respectively. With a 14% increase, EIGEN is currently trading at $3.48, having reached a low of $3.00 and a high of $3.60. The broader market momentum was reflected in the 4%–8% increase in coins such as TROY, CETUS, COW, DYDX, HMSTR, and TURBO.