As a seasoned analyst with a decade of experience in the cryptocurrency market, I must admit that the recent listing of Across Protocol’s ACX token and Orca’s ORCA token on Binance has caught my attention. The immediate surge in prices for both tokens, particularly ACX’s 147% increase within hours of the announcement, is a testament to the power of exchange listings and the interest that projects can generate.
Binance has just added the Across Protocol’s ACX token and the Orca’s ORCA token to its platform, which has resulted in a notable surge in their prices.
From December 6, 2024, 13:00 UTC onwards, it’s possible to engage in spot trading for the ACX/USDT and ORCA/USDT pairs. The withdrawal option for these tokens will be accessible from December 7, 13:00 UTC.
On Binance, these mentioned tokens will receive “seed” labels once they’re listed. These “seed” labels mark projects that are relatively new and might carry more volatility and risk compared to other tokens traded on the platform.
Following the broadcast, ACX experienced an impressive 147% spike and hit a record peak of $1.44. Currently, its price stands at $1.12, marking a significant 174% rise during the last seven days.
The value of a particular token’s total market capitalization has soared to $371 million. When considering all potential shares, its daily trading volume amounted to a substantial $1.12 billion. An incredible 13,433% increase in trading activity for ACX was observed compared to the day before, indicating a massive influx of interest following the Binance announcement.
Just like ORCA experienced a significant surge in price, almost reaching a 90% increase within a single day following its listing on Binance. Yet, it hasn’t yet reached its record-high value. As we stand now, ORCA is valued at $7.06, boasting a market cap of $377 million and a fully diluted evaluation of $706 million. Remarkably, its trading volume skyrocketed by an impressive 4624% in comparison to the preceding day.
Every 90 days, Binance users must complete assessments about their Spot and Margin platforms, and agree to the terms of service, to keep their trading privileges on ACX and ORCA.
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2024-12-07 00:37