The world’s largest crypto exchange Binance on Tuesday stated it’s extending a promotion for a number of cryptocurrencies, particularly meme cash on Binance Margin. Binance to supply a one-hour curiosity charge waiver for main trending crypto together with Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), BONK, dogwifhat (WIF), and FLOKI.
Binance Expands Support for DOGE, SHIB, PEPE, BONK, WIF, FLOKI
Crypto alternate Binance in an official announcement on March 12 revealed a brand new transfer to spice up buying and selling of trending cryptocurrencies. The transfer comes amid large demand for meme cash and gaming tokens. Users can begin buying and selling to robotically obtain a one-hour curiosity charge waiver from March 12-26 at 11 AM UTC.
Binance introduced key meme cash together with BONK, DOGE, FLOKI, MEME, PEPE, SHIB, and WIF. Meanwhile, gaming tokens are BNX, GALA, PIXEL, PORTAL, and YGG. The alternate additionally prolonged help for 1000SATS.
In order to learn from charge waiver, customers should be mindful the time. If each consumer A and consumer B borrowed 10 DOGE at 11:20 UTC on March 12. Then, each customers should full compensation on the identical day at 12:15 UTC and 11:55 UTC, respectively. The alternate has cited examples for customers to know the timing and curiosity charged.
Recently, Binance additionally introduced new buying and selling pairs and bots for Dogecoin (DOGE), Pepe Coin (PEPE), Shiba Inu (SHIB), and dogwifhat (WIF). The meme coin rally picked tempo after the Binance announcement, with excessive optimism amongst traders.
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Meme Coins Price Performance
Traders didn’t reply instantly to the announcement and meme coin costs stay below promoting stress on account of revenue reserving. Top meme cash Dogecoin price and Shiba Inu (SHIB) have dropped over 6% and 19% in every week, respectively.
DOGE and SHIB price every fell over 4% within the final 24 hours. Other meme cash PEPE, FLOKI, WIF, and BONK additionally fell 2-8% within the final 24 hours. However, the sentiment surrounding meme cash stays larger as a result of bull market and upcoming Bitcoin halving triggering one other large rally in altcoins.
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