Altcoin
Will USUAL Price Hit $1 as Binance to Commence Spot Trading?
Binance has announced the listing of Usual token, a decentralized fiat stablecoin issuer, sparking speculation over USUAL price reaching the $1 mark ahead. The listing is expected to draw significant interest from traders and investors, elevating its market presence.
With trading activity projected to surge, the crypto could reshape the stablecoin market. Binance’s support highlights its role in driving innovation and adoption of emerging crypto projects.
Binance Announces USUAL Listing Details
Binance officially announced the listing of Usual on December 12, marking another milestone for the decentralized fiat stablecoin issuer. Spot trading will open across four pairs: BTC, USDT, FDUSD, and TRY, with the crypto as the counterpart in each. Deposits are already live, allowing users to prepare for trading.
Trading is set to begin on December 18 at 11:00 UTC, offering traders and investors an opportunity to explore the potential of the crypto. Withdrawals for the token will open the following day, December 19, at 11:00 UTC. Additionally, the exchange will enable Trading Bots and Spot Copy Trading for the asset within 24 hours of its spot trading launch, further enhancing accessibility.
The token comes with a seed tag applied, indicating its higher risk and potential volatility. Its initial circulating supply at the spot launch will be 494.6 million, representing 12.37% of its total supply of 4 billion tokens. Binance emphasized the importance of users completing seed tag-related quizzes to ensure they understand the risks before trading.
This announcement showcases its commitment to supporting emerging projects like USUAL, giving them a broader platform to reach global investors. The listing will attract significant trading activity and boost its market exposure and adoption.
Price and Impact of Binance Listing
The USUAL price was trading at $0.70, reflecting a 10% dip in the past 24 hours. The token’s 24-hour low and high ranged between $0.66 and $0.89, with a market cap of $242 million and a trading volume of $144 million. Despite the recent drop, the price surged by an impressive 97% over the past week, highlighting its growing momentum.
The listing on Binance, a top crypto exchange, is expected to further boost USUAL’s visibility and trading activity. Historically, tokens listed on Binance like KOMA, have experienced significant price surges. Increased investor interest and trading volumes drive these surges, fueled by a vast user base.
Simultaneously, the exchange has also expanded its offerings for HIVE, IDEX, and TLM tokens. All these three crypto noted strong rallies following the announcement, indicating the high influence of the exchange among investors.
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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