Altcoin
Binance Extends Offerings For SUI & TURBO, Will It Spark A Price Rally?
Binance, one of the world’s leading cryptocurrency exchanges, revealed enhanced trade offerings for the tokens Sui & Turbo on Tuesday. Notably, the exchange revealed that it is listing new trading pairs and trading bots services for the mentioned tokens, sparking investor enthusiasm globally. However, crypto market enthusiasts speculate whether the listings could positively impact the coins’ prices in light of recent market events.
Binance Enhances Listing For SUI & TURBO Sparking Speculations
In an official Binance announcement dated October 15, the crypto exchange revealed that it is listing SUI/BRL and TURBO/TRY trading pairs today at 08:00 UTC. This decision by the crypto exchange comes primarily to refine the list of trading choices offered on the platform and enhance users’ trading experience.
Further, in line with this vision, the top crypto exchange will also start providing trading bots services for Spot Algo orders on the abovementioned BRL and TRY pairs. This announcement has promptly gained significant traction across the broader market, although the coins’ market watchers currently remain in an enigma.
While the crypto exchange’s previous offerings have usually fueled a positive momentum in an asset’s price, the layer-1 blockchain-based coin conversely draws contrasting speculations. Notably, the crypto faces bearish sentiments in light of allegations of SUI insider selling of more than $400 million worth of native tokens. This chronicle has raised uncertain market sentiments despite the recent announcement.
On the other hand, TURBO sparked an optimistic buzz alongside the listing as a smart whale was recorded nabbing a $1.03 million profit trading the token today. The address 0x5ac initially bagged 188.89 million coins from Binance between September 21 and October 13. Subsequently, the whale offloaded all holdings recently, gaining 82.5% in under a month.
These chronicles have sparked mixed sentiments, as investors remain apprehensive over one while bullish over the other token amid recent market events.
How Are The Coins Performing?
SUI price today jumped slightly over 1% at press time and is trading at $2.26. The coin’s intraday low and high were registered as $2.18 and $2.29, respectively. The coin currently trades in the green, mirroring the broader market trend. However, crypto market analyst Ali Martinez took to X today, revealing that the TD Sequential on the coin’s chart has flashed a sell signal. This indicator has sparked investor concerns about the asset’s price ahead despite Binance’s expansion of trade offerings.
On the other hand, TURBO price rocketed nearly 35% in light of Binance’s listing announcement, trading at $0.01166. The coin’s intraday low and high were $0.008645 and $0.01231, respectively. Crypto market watchers continue to eye the coin optimistically in light of the smart whale’s noteworthy profit and the mentioned exchange’s enhanced offerings.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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