Altcoin
Binance Issues Vital Update On Dogs, Pepe Coin, Solana & Other Tokens
Cryptocurrency exchange Binance today issued a vital update on DOGS, Pepe Coin (PEPE), Solana (SOL), SATS (1000SATS), BONK, Ethereum (ETH), and SuperRare (RARE) tokens. According to an official release, the CEX is launching new trading pairs and trading bots services for the abovementioned cryptocurrencies. The announcement sparks optimism despite a bearish market today, paving the way for further global exposure for the tokens.
Binance Launches New Spot Trading Pairs & Bots Services
In an official announcement dated August 28, the crypto exchange revealed that it is looking to expand user offerings, revealing new spot trading pairs and bots services for specific crypto pairs. As per the Binance announcement, the exchange will commence spot trading for DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC trading pairs today at 13:00 UTC.
Further, the crypto exchange will also commence Spot Grid and Spot DCA trading bots services for 1000SATS/TRY, BONK/TRY, ETH/EUR, PEPE/TRY, SOL/EUR, and USDC/USDT pairs. In addition, Spot Algo orders for DOGS/BRL, DOGS/USDC, RARE/BRL, and RARE/USDC are also to be kickstarted on the same date and time.
As mentioned above, the announcement has sparked optimism primarily because it lays the groundwork for enhanced global user exposure (offering trading options in various fiat currencies). However, Binance also clarified in its announcement that the listing announcement may be updated periodically to ensure compliance with regulatory, legal, and any other factors in play.
How Are These Coins Performing?
Meanwhile, despite the optimistic announcement by Binance, the abovementioned tokens today traded in the red zone, mirroring the broader market trend. For context, the global crypto market cap plunged over 5% today, whereas Bitcoin and major crypto prices traded dominantly in the red territory.
Simultaneously, DOGS price tanked 5% in the past 24 hours to reach $0.001226, sparking investor speculations. The TON-based token recently recovered from a price crash following a massive 502.48 billion token unlock. Nonetheless, as mentioned above, the token today rides the back of the broader market’s bearish movement.
Similarly, Pepe Coin (PEPE) price crashed 11% to reach $0.000007697 today. 1000SATS price plunged 13% to $0.0003185, and Solana (SOL) price cracked 7.50% over the past day to $147.42. Additionally, ETH price tumbled 8% over the past day to trade at $2,466, BONK price sunk 10% to $0.00001816, and RARE price plunged 6.10% to $0.1793 today.
Crypto market participants continue to anticipate a bolstered movement for these tokens as the market recovers ahead. Nonetheless, the current state of these coins remains bearish despite the crypto exchange Binance’s listing announcement.
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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