The post Binance Listings Ignite Meme Coin Frenzy: Turbo, Neiro, and Baby DogeCoin Skyrocket! appeared first on Coinpedia Fintech News
Binance Holdings Ltd., the leading cryptocurrency exchange by daily traded volume and globally registered users, has announced the listing of three more meme coins. The lucky meme coin projects to be recognized by Binance include Turbo (TURBO), Neiro (NEIRO), and Baby DogeCoin (BabyDoge).
According to the announcement, Binance will list the three meme coins with Seed Tag applied on their respective pairs, including with Tether USDT. While trading of the three meme coins will begin today, the cryptocurrency exchange announced that their withdrawal will be opened on Tuesday, September 17.
Why Listing on Binance Matters
The listing of crypto projects on Binance exposes the respective tokens to more than 220 million globally registered users. Although some experts argue that listing on the Binance exchange should be perceived as an exit liquidity strategy, the overall impact can be derived as a bullish impact.
Moreover, Binance Exchange is licensed to operate in more than 19 jurisdictions, with its deep liquidity provisions.
Meanwhile, trading bots and spot copy trading can access the listed meme coin projects.
Market Impact
Following the announcement from Binance, the three crypto projects registered palpable gains despite the bearish sentiment from other crypto projects.
For instance, Neiro price rallied over 440 percent in the past 24 hours to trade at about $0.000245 at the time of this report. The small-cap meme coin, with a fully diluted valuation of about $103 million and a daily average traded volume of around $43 million, has already entered price discovery territory.
Baby Doge Coin price pumped over 55 percent in the past 24 hours to trade above $0.00000000165 on Monday, during the early European session. The Baby Doge Coin holders, amounting to over 1.87 million, are expected to significantly benefit ahead due to the project’s notable liquidity of over $22 million.
Meanwhile, TURBO price rallied over 17 percent in the past 24 hours to trade around $0.000438 at the time of this writing.