{"id":101125,"date":"2024-11-25T09:17:52","date_gmt":"2024-11-25T13:17:52","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101125"},"modified":"2024-11-25T09:18:31","modified_gmt":"2024-11-25T13:18:31","slug":"why-cheems-at-investors-eyes","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/why-cheems-at-investors-eyes\/","title":{"rendered":"WHY &amp; CHEEMS at Investors&#8217; Eyes As Binance Expands Support, What Next?"},"content":{"rendered":"\n<p>WHY & CHEEMS tokens are on crypto market traders' and investors' radars as Binance launches <a href=\"https:\/\/coinscreed.com\/staging\/binance-adds-cati-hbar-om-and-other-cryptos.html\" target=\"_blank\" data-type=\"post\" data-id=\"101063\" rel=\"noreferrer noopener\">futures trading<\/a> with up to 75x leverage.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/WHY-CHEEMS-at-Investors-Eyes-As-Binance-Expands-Support-1.jpg\" alt=\"WHY & CHEEMS at Investors' Eyes As Binance Expands Support, What Next?\" class=\"wp-image-101142\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/WHY-CHEEMS-at-Investors-Eyes-As-Binance-Expands-Support-1.jpg 1280w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/WHY-CHEEMS-at-Investors-Eyes-As-Binance-Expands-Support-1-300x169.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/WHY-CHEEMS-at-Investors-Eyes-As-Binance-Expands-Support-1-1024x576.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/WHY-CHEEMS-at-Investors-Eyes-As-Binance-Expands-Support-1-768x432.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/WHY-CHEEMS-at-Investors-Eyes-As-Binance-Expands-Support-1-860x484.jpg 860w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure>\n\n\n\n<p>The crypto tokens WHY and CHEEMS attracted notable attention on Monday following a significant update from Binance. <\/p>\n\n\n\n<p>The digital asset exchange giant announced the introduction of USD-margined perpetual contracts for these tokens, sparking optimism about their future price movements. <\/p>\n\n\n\n<p>Despite the announcement, both tokens were trading in the red at the time of reporting, leaving investor sentiment uncertain.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Binance Launches Perpetual Contracts for WHY and CHEEMS<\/h2>\n\n\n\n<p>In an official announcement on November 25, <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-futures-will-launch-usd%E2%93%A2-margined-1000whyusdt-and-1000cheemsusdt-perpetual-contracts-with-up-to-75x-leverage-3dd2c1e3f5f040ac9f7a94c6597ef842?hl=en\" target=\"_blank\" rel=\"noreferrer noopener\">Binance revealed plans<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> to launch perpetual contracts for WHY and CHEEMS. <\/p>\n\n\n\n<p>The exchange introduced the 1000WHYUSDT perpetual contract at 11:30 UTC, offering up to 75x leverage for traders. <\/p>\n\n\n\n<p>Similarly, the 1000CHEEMSUSDT perpetual contract went live at 11:45 UTC, providing users up to 75x leverage.<\/p>\n\n\n\n<p>The platform also announced support for its Multi-Assets Mode, allowing traders to mitigate risk and manage liquidations more effectively while trading these tokens. <\/p>\n\n\n\n<p>This update has generated optimism around the tokens, potentially paving the way for increased investment and trading activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Current Price Performance<\/h2>\n\n\n\n<p>Despite the upbeat announcement, both tokens saw significant price declines.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>WHY<\/strong> dropped nearly 11% intraday, trading at $0.0000002554, with a 24-hour range between $0.0000002337 and $0.0000003843.<\/li>\n\n\n\n<li><strong>CHEEMS<\/strong> fell 30% intraday to $0.0000007016, with a daily low of $0.0000006198 and a peak of $0.000001534.<\/li>\n<\/ul>\n\n\n\n<p>The downward movement has introduced uncertainty into investor sentiment, raising questions about the tokens\u2019 future despite the perpetual contract launch.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Historical Context and Market Outlook<\/h2>\n\n\n\n<p>Historically, Binance futures listings have often had a bullish impact on tokens. For instance, <a href=\"https:\/\/coinscreed.com\/staging\/arthur-hayes-promotes-solana-meme-coin.html\" target=\"_blank\" data-type=\"post\" data-id=\"100766\" rel=\"noreferrer noopener\">Solana meme coin<\/a> SLERF surged 55% following its futures listing, while HIPPO also experienced a significant rally under similar circumstances.<\/p>\n\n\n\n<p>Given this precedent, market watchers remain intrigued by the contrasting behavior of WHY and CHEEMS.<\/p>\n\n\n\n<p>As the market reacts to Binance's announcement, traders continue to observe the tokens closely, awaiting clarity on their future trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WHY &#038; CHEEMS tokens are on crypto market traders&#8217; and investors&#8217; radars as Binance launches futures trading with up to 75x leverage. The crypto tokens WHY and CHEEMS attracted notable attention on Monday following a significant update from Binance. The digital asset exchange giant announced the introduction of USD-margined perpetual contracts for these tokens, sparking [&hellip;]<\/p>\n","protected":false},"author":56,"featured_media":101142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18285,17234,326],"class_list":["post-101125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-listing","tag-crypto-listing","tag-binance"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/WHY-CHEEMS-at-Investors-Eyes-As-Binance-Expands-Support-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101125"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/101142"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}