Two low-cap altcoins exploded in price on Friday after top crypto exchange Binance made them available for trading on its platform.
Binance rolled out trading services for the interoperability protocol Across (ACX) and the Solana (SOL)-based decentralized exchange (DEX) Orca (ORCA).
The native tokens of both platforms witnessed massive gains on Friday, with ACX surging by nearly 88% and ORCA jumping by almost 80%. Those represented the largest gains of any top 1,000 tokens by market cap that day, according to CoinGecko.
Across aims to be a “new paradigm in cross-chain experiences” and is powered by cross-chain intents, which are types of orders where users specify outcomes instead of execution paths.
Meanwhile, Orca aims to offer “the most user-friendly environment for traders and LPs (liquidity providers) of varying experience levels.”
Binance will attach seed tags to both assets, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.
The platform requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.
ACX, the 244th-ranked crypto asset by market cap, is trading at $1.07 at time of writing.
OCRA, the 282nd-ranked asset, is trading at $6.98.
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https://dailyhodl.com/2024/12/07/two-under-the-radar-altcoins-skyrocket-in-price-following-friday-binance-listings/
2024-12-08 01:00:46
