Binance has now enlisted support for Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE Coin and primarily for the African region. Will this support for them cause an increase in their prices?
This Friday, the popular crypto exchange Binance added meme coins such as Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB) to its trading platform giving it extensive features
Which has caused a stir within the industry. So as a consequence, there has been speculation in the scary world of cryptocurrency as to whether the recent developments and enhanced offers could somehow improve the prices in the near future or not.
Binance’s Newly Listed Pairings – DOGE, PEPE & SHIB Becomes The Center Of Attention.
A recent update from Binance P2P confirmed that the trading pairs for DOGE, PEPE and SHIB tokens has been enabled for multiprocessing in various settings across Africa which includes ETB, ZAR, XAF, XOF, UGX, KES, TZS and RWF.
The expanding global firm has developed it’s reach within Africa and as a result partnered up to give Canadians the option to pay in local Canadian currency for their meme coins.
As a result this allowed the community to trade in coins with a million abilities such as market buying and selling, leading to traders voice out their optimism in the overall productive growth for meme coins.
While many did say that due to the overarching bull cycle set to remain active until 2025, the coins price change is likely to go through a multitude of swings in the long term.
Binance & other large crypto exchanges offering favorable parapets tend to have a lasting impact and boosting the overall crypto community. The alterations done to the platform do appear to hint at the crypto market being set to have a promising growth period soon.
Following Binance’s statement, the DOGE price increased by 1% today and was sold at $0.3382. For this specific coin, the lowest and highest prices within the 24-hour period stood at $0.3351 and $0.3442 respectively. In addition, over the last week, this token has increased in value by 7%.
At the same time, the price of SHIB has gained 2.5% during the day and now stands at $0.00002278.
Shib turned into a hot coin where its lowest and highest price in a 24-hour period was $0.00002215 and $0.00002294 respectively. It also gained 5% over the last week.
Lastly, the price of PEPE gained $0.00002026, which is a 0.5% increase. Over the last 24 hours, the coin fluctuated between $0.00002008 and $0.00002113. Within the last week, the frog-themed meme coin gained 14% as well.
Overall, market watchers expect even more gains in the assets because of the increased trade offerings made by Binance.
Furthermore, in another amazing story, the crypto exchange developed a critical regulatory approval in Brazil.
Generally speaking, the major crypto exchange continues to support its position over other players in the sector while extending itself to new markets and providing unparalleled trade offerings on a worldwide scale.
