The well-known crypto exchange, Binance, is in the news again for new changes made concerning TRUMP and other tokens. This Tuesday, Binance revealed plans to add the TRUMP USD-Margined perpetual contract under futures copy trading vertical, alongside new listings for 7 other assets.
The developments have generated positive sentiment among traders and investors as there is expectation of upside price movements of these tokens given the subsequent market exposure with new listings on major crypto exchanges.
Binance Unveils Futures Listing For TRUMP & 7 Other Crypto Assets
Effective January 21 at 08:00 UTC, Binance is making new additions to the copy trading section of its cryptocurrency futures market by adding eight new USD-Margined perpetual contracts.
These include TRUMPUSDT, ARCUSDT, AVAAIUSDT, DEXEUSDT, HIVEUSDT, PROMUSDT, SOLVUSDT, and SONICUSDT. With the introduction of these new contracts, traders can copy trade professional traders’ accounts in the live market.
Consensus among traders has shifted positively with this news as investors and speculators alike expect greater investment into these coins. The optimism is there because an easy way of making money will be available through Binance’s copy trading feature, which many users are likely to appreciate.
Also, the Invescope trading platform of Binance has incorporated the TRUMP token on spot trading against the TRY, thus further increasing the token’s attention from the market and increasing the acceptance of the new SOL meme coin. All of these suggest that the market for these instruments is getting more optimistic and lively.
Bithumb Joins The Fray Amid Major Listings
A leading South Korean cryptocurrency exchange Bithumb has declared its support for the new TRUMP coin as it seeks to strengthen its foothold in the market.
As per Bithumb’s report, the meme coin that is based on Solana will now be added to the Won market. This has increased market hopes for the token particularly after its recent listing on Binance and Coinbase, as noted by CoinGape.
Moreover, it is important to highlight the fact that Donald Trump, the former president, wrapped up his presidential inauguration on Monday. The TRUMP coin has quickly gained traction within the crypto space thanks to the prior price rise and constant support from big exchanges.
How Is The Meme Coin Currently Delivering?
At present, the price of the TRUMP token is down almost 31% from the previous day, putting it at $40.31. The token recorded a price range between $31.01 to $61.12 within 24 hours.
The token’s recent decline has shocked investors, especially with the token’s recent listings on primary exchanges Binance, Coinbase, and Bithumb.
However, in an article on CoinGape, Ali Martinez predicted the price could rally to $54. Martinez reports that the technical patterns for the token provide indication of a possible bullish breakout.
As a result, the coin is under a vigilant watch by traders and investors alike to further price variation in an active ever-evolving cryptocurrency market.
