Binance recently included XRP and Dogecoin (DOGE) in its Smart Arbitrage offerings, sparking speculation of a potential price rally in the crypto market. This addition by Binance Earn has stirred anticipation for upward price movements. Additionally, Binance is running a promotional campaign with rewards totaling 45,000 USDT to celebrate the new listings.
Binance Expands Smart Arbitrage with XRP and Dogecoin
According to Binance’s announcement on November 8, XRP and Dogecoin (DOGE) are now available for Smart Arbitrage trading through Binance Earn. This new inclusion allows users to begin trading these tokens with a minimum investment of 12.5 USDT, expanding the list that previously only supported Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Smart Arbitrage employs a funding rate strategy, hedging a futures position against a spot position to capture funding fees while minimizing price movement risks. Profits from long positions offset losses from short ones, or vice versa.
As part of the celebration, Binance offers a special reward campaign until November 21, 23:59 UTC. During this period, users can earn up to 20.95% APR. Additionally, a reward pool of 30,000 USDT will be available on a first-come, first-served basis. Users who hold any Smart Arbitrage portfolio for over 72 hours are eligible for a 10% bonus APR on initial subscriptions between 1 and 2,500 USDT. Furthermore, regular and VIP 1-2 users with Smart Arbitrage portfolios of at least 10,000 USDT for 72 hours qualify for a 45% rebate on trading fees.
XRP and DOGE Price Expected to Rise
Optimism around XRP and DOGE continues, with speculation fueled by events such as the potential XRP ETF launch and Elon Musk’s “D.O.G.E.” initiative. XRP has seen a 9% increase this week, currently trading at $0.55, with a low of $0.542 and a high of $0.560. However, trading volume has decreased by 37% over the last 24 hours, indicating some trader caution.
DOGE also experienced a 3% rise in the past 24 hours and a 25% increase over the week, now trading at $0.19, with a low of $0.186 and a high of $0.199. Predictions suggest Dogecoin could reach $10 in the current bull cycle.
