Altcoin
COW And CETUS Prices Rocket After Binance Listing, Will The Rally Sustain?
In a bid to boost optimism, crypto exchange giant Binance on Tuesday announced listings for CoW Protocol and Cetus Protocol, garnering attention across the crypto landscape. Notably, as the exchange revealed listing for the mentioned tokens, their prices skyrocketed 82% and 60%, sparking market optimism globally. Meanwhile, traders also reacted positively to the listing announcement, as the tokens’ trading volumes surged 2058% and 812%, respectively.
Binance Lists COW & CETUS Igniting Market Optimism
In an official Binance announcement dated November 6, the crypto exchange giant revealed that it is listing the 2 cryptocurrencies today at 12:00 UTC. As per the announcement, users can start trading the pairs COW/USDT and CETUS/USDT starting today.
Notably, withdrawals for the same tokens are to commence starting November 7 at 12:00 UTC. Further, the listing fee set by the exchange was at 0 BNB, underscoring the leading exchange’s efforts to support the mentioned coins. The smart contract address for CoW Protocol remains 0xDEf1CA1fb7FBcDC777520aa7f396b4E015F497aB (Ethereum). Moreover, the smart contract address for the other token remains 0x6864a6f921804860930db6ddbe2e16acdf8504495ea7481637a1c8b9a8fe54b::cetus::CETUS (Sui).
Also, the top crypto exchange revealed that the seed tag will be applied to the mentioned cryptocurrencies, underscoring high-risk assets. The announcement also revealed that Trading Bots & Spot Copy trading services will be enabled for the mentioned cryptos within 24 hours of their listing on the spot trading platform.
How Are The Coins Performing?
Overall, Binance’s listing announcement propelled a bullish trajectory in the prices of the mentioned coins. At press time, COW price soared nearly 82.5% to reach $0.4364. Its intraday low and high were $0.2489 and $0.2893, respectively. The coin’s 24-hour trading volume soared 2058% to $8.62 million today.
Simultaneously, CETUS price noted a 60% uptick in value to reach $0.3106. Its intraday low and high were $0.174 and $0.241, respectively. The coin’s 24-hour trading volume upsurged 812% to $116.53 million. This pumping movement also aligns with the abovementioned listing announcement. However, market enthusiasts are currently contemplating whether the crypto tokens could sustain an upward trend.
Notably, in a similar chronicle, POPCAT price soared nearly 25% on November 6 after the same crypto exchange expanded support for the token on November 5, reaching $1.58. Moreover, even MEW price soared nearly 12% after the exchange expanded trade offerings for the token recently, reaching $0.009459. These past chronicles sparked substantial optimism over the two coins listed today, with investors bullish on price ahead.
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.
✓ Share: