Cryptocurrency exchange giant Binance has once again captured significant market attention, as it revealed an important update regarding TRUMP and several other tokens. Notably, the cryptocurrency exchange revealed on Tuesday that it will add Trump’s US dollar margined perpetual contract to its futures copy trading section, along with new listings for seven other assets. In response, traders and investors remain optimistic regarding the future price movement of these tokens, primarily as they increase their exposure to the market with new listings on leading cryptocurrency exchanges.
Binance reveals list of futures contracts for Trump and 7 other crypto assets
According to Official Binance announcement On January 21, the cryptocurrency exchange giant added 8 perpetual contracts with margin in USD to its futures copy trading section at 08:00 UTC. Notably, according to the announcement, the cryptocurrency exchange is adding TRUMPUSDT, ARCUSDT, AVAAIUSDT, DEXEUSDT, HIVEUSDT, PROMUSDT, SOLVUSDT, and SONICUSDT perpetual contracts for users, allowing them to replicate the portfolios of experienced traders in real-time.
As a result, market sentiment surrounding these tokens has become very optimistic. The bullish anticipation comes as crypto enthusiasts anticipate an influx of funds into these assets as investors continue to gauge opportunities that drive gains, as is the case with Binance copy trading.
It is also worth noting that the same exchange revealed another vital update to the new TRUMP token. It is worth noting that the spot trading section of the platform began trading for the asset linked to the Turkish lira starting from the same date and time. Overall, the improved trade offerings continue to demonstrate the market optimism surrounding the new meme coin on Solana, enhancing market visibility.
Bithumb joins the fray among the major listings
Meanwhile, a leading South Korean cryptocurrency exchange recently revealed an update to Trumpcoin, expanding market support for the asset. According to Bithumb’s announcement, the cryptocurrency exchange is adding a new Solana meme coin to beat market.
This listing has fueled broader market optimism about the token, as it comes alongside the aforementioned listings on Binance. Meanwhile, CoinGape reported that even Coinbase has expanded support for the TRUMP token.
While leading exchanges are offering support to the new cryptocurrency project, it is also worth noting that Republican Donald Trump wrapped up his presidential inauguration on Monday. The new meme has emerged as the talk of the cryptocurrency town, primarily in light of this saga, buoyed by previous price gains.
How is Meme Coin currently being delivered?
At the time of writing, Trump’s price has collapsed approximately 31% on the day and is trading at $40.31. Its 24-hour low and high were $31.01 and $61.12, respectively. Despite growing optimism in light of major listings on Binance, Coinbase, and Bithumb, the decline in token movement has raised severe concerns among investors.
However, CoinGape recently reported that the meme is likely poised to rise to $54, as noted by a senior cryptocurrency market analyst. Notably, analyst Ali Martinez claims that the technical patterns indicate a bullish breakout is on the horizon for the token. Traders and investors in the cryptocurrency market continue to keep an eye on the coin for further shifts in price action, given the dynamic nature of the cryptocurrency space.
Quinjab Staff
CoinGape has an experienced team of original content writers and editors who work around the clock to cover news globally and present news as fact rather than opinions. CoinGape writers and reporters contributed to this article.
Disclaimer: The provided content may include the personal opinion of the author and is subject to the market situation. Conduct market research before investing in cryptocurrencies. The author or publication does not accept any responsibility for your personal financial loss.
✓ Share: