HBAR, APE, OM, RAY, FDUSD, TAO, and TURBO Anticipate Rally with Binance’s Expanded Trade Offerings
Highlights:
- Binance introduces new trading pairs and bot services for HBAR, APE, OM, RAY, FDUSD, TAO, and TURBO, boosting market optimism.
- Zero trading fees offered on FDUSD/USDC pairs.
- Despite turbulent intraday performance, tokens are poised for potential gains with Binance’s enhanced support.
Binance, a leading cryptocurrency exchange, has announced expanded trade offerings for several tokens, including HBAR, APE, OM, RAY, FDUSD, TAO, and TURBO. The update includes new trading pairs, trading bot services, and zero-fee options, creating optimism about potential price rallies.
Binance’s Enhanced Support
In an official statement on November 20, Binance disclosed the addition of new trading pairs: APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD, starting November 22 at 08:00 UTC. The platform will also launch Spot Algo orders for these pairs, further enhancing trading options for users.
The FDUSD/USDC trading pair will feature zero transaction fees, aiming to attract traders and amplify market interest in the supported tokens. Analysts believe these enhancements could pave the way for further growth despite current market turbulence.
Market Performance of the Tokens
Despite Binance’s announcement, the tokens exhibited mixed intraday performance:
- ApeCoin (APE): Dropped 4% to $1.08 but showed a 24-hour range between $1.08 and $1.15.
- Hedera (HBAR): Retreated 15% to $0.1231 but recorded a weekly gain of 113%. Speculation surrounding Hedera board member Brian Brooks potentially leading the U.S. SEC contributed to optimism.
- MANTRA (OM): Fell 5% to $3.96, with a 24-hour range of $3.81 to $4.39. Weekly gains stood at 176%.
- Raydium (RAY): Dropped 4% to $5.50 despite a 23% weekly surge.
- Bittensor (TAO): Slipped 3% to $475.86, with a 24-hour range of $461.77 to $501.58.
- Turbo: Declined 6% to $0.008078, with a 24-hour range of $0.008054 to $0.008823.
Historical Trends and Future Outlook
Past examples of Binance listings, such as Akash Network (AKT) and Comedian (BAN), have resulted in significant price surges. Similarly, PNUT and ACT experienced notable gains following their Binance debut. These trends provide a basis for optimism regarding the potential rally of the highlighted tokens.
Despite bearish short-term performances, Binance’s support often serves as a catalyst for positive market movements. Market watchers remain cautiously optimistic about the future trajectory of these tokens, keeping an eye on the dynamic and unpredictable nature of the cryptocurrency market.
