As a seasoned researcher with extensive experience in the cryptocurrency market, I am closely monitoring the latest developments in the Thai crypto scene, particularly the recent announcement by Binance TH, the joint venture between global crypto exchange Binance and Gulf Energy, regarding the listing of several high-profile digital assets.
The collaboration between Binance and Gulf Energy’s subsidiary, Binance TH, has made an announcement about adding several notable cryptocurrencies to its platform. These include Terra Classic (LUNC), USTC, Terra (LUNA), Shiba Inu (SHIB), Celestia (TIA), Wormhole (W), and Bittensor (TAO).
Based on my extensive experience in the cryptocurrency market and having closely monitored the price volatility and investor interest surrounding certain tokens listed on Binance TH, I strongly believe that this listing will significantly increase trading volume and draw in a large number of new users to the platform. The excitement and anticipation surrounding these tokens have been palpable, and their inclusion on Binance TH is sure to fuel further growth and engagement within the crypto community.
Today, I signed up for Binance TH through Gulf Binance. I can choose from over 200+ coins in Thailand with high security and trustworthiness, and the lowest commission at only 0.1%. Begin your crypto journey with Binance TH by Gulf Binance…
— Binance TH (@Binance_TH_) July 25, 2024
The exchange’s objective with this addition is to expand its selection and cater to the burgeoning interest in digital assets among Thai investors. This move underscores the exchange’s dedication to accommodating diverse cryptocurrency needs and supplying a comprehensive platform for its users.
Listing these tokens on Binance may spark higher trading volumes and price fluctuations, but it also provides investors with the chance to expand their investment horizons. The presence of these assets on a reputable exchange like Binance could potentially boost their credibility and draw in larger investors such as institutions.
It’s essential for investors to delve deeply into their research before pulling the trigger on any investment in the unpredictable and swiftly changing cryptocurrency market.
Information about the trading pairs to be made available on Binance TH and the exact listing date has yet to be disclosed. Look for further updates in the near future.
Binance TH Listing Sparks Hope for LUNC, USTC, and SHIB Revival
The announcement from Binance TH that they will list Terra Classic (LUNC), USTC, Shiba Inu (SHIB), and other popular cryptocurrencies has brought renewed hope to investors. They believe this decision could rekindle enthusiasm for these previously struggling digital assets.
The wider cryptocurrency scene is currently experiencing a slump, resulting in a decrease of approximately 3.40% or $82 billion in the total crypto market value within the last day, now standing at around $2.54 trillion. This market-wide correction has negatively affected the prices of various altcoins such as LUNC, USTC, and SHIB.
LUNC experienced a notable decrease of approximately 10% over the past day, currently priced at $0.0001064. This downturn has momentarily dimmed investor excitement for a potential surge, but market analysts continue to express guarded optimism regarding the token’s future prospects.
As an analyst, I’ve observed that USTC has taken a significant hit, falling more than 12% to reach $0.02145. This is quite a contrast to the impressive 22% growth it had accomplished within the past month. Similarly, SHIB has witnessed a 6% decline in price, now trading at $0.00002332. However, despite this recent market downturn, SHIB’s trading volume has increased by over 80% in the last 24 hours, suggesting strong investor enthusiasm.
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2024-07-25 23:33