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Binance and OKX List Low-Cap Tokens, Sparking Increased Trading Volume and Potential Profits

王林
Release: 2024-09-09 00:32:19
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Tokens like CAT, NEIRO, and SUNDOG benefit from growing perpetual contract listings. SUNDOG gains traction, backed by Tron's Justin Sun, now trading at $0.24.

Binance and OKX List Low-Cap Tokens, Sparking Increased Trading Volume and Potential Profits

Binance and OKX are quietly listing more low-cap tokens on their perpetual contracts, a move that can spark a significant surge in trading volume and profits.

This strategy by the two major cryptocurrency exchanges hints at substantial opportunities for traders, especially as these exchanges tap into the growing interest and hype surrounding smaller tokens.

But what does this mean for potential gains and risks? Let’s take a closer look.

Binance, OKX Listing More Low Caps on Perps

According to a tweet by crypto investor VirtualBacon, Binance and OKX are actively listing more low-cap tokens on their perpetual contracts. This move is designed to capitalize on the increased trading volume and the associated profits.

These can still be frontrun relatively easy. $cat and $neiro are recent examples. I bought $sundog at $0.2 for a potential target, high volume and heavy push from Tron. Don’t fade Justin Sun

Meanwhile, low-cap tokens, which typically have smaller market capitalizations, are seeing a surge in trading activity, which can create opportunities for savvy traders. Recent examples include CAT and NEIRO, which have gained traction thanks to their inclusion in perpetual trading on these major exchanges.

However, the increased volume and heightened activity around these tokens highlight their potential for quick gains.

VirtualBacon’s Tips on Low-Cap Tokens, High Gains

One token that has recently caught the eye of VirtualBacon is SUNDOG, currently trading at $0.24. This token has caught attention due to its high trading volume and strong backing from Tron’s founder Justin Sun.

The expectation is for SUNDOG to potentially reach higher targets, driven by significant support and promotional efforts from Tron’s ecosystem. VirtualBacon’s investment strategy highlights the potential of low-cap tokens, especially those with backing from influential figures or platforms like Justin Sun.

Strategic Considerations

The key takeaway from VirtualBacon’s tweet is the ongoing opportunity in low-cap tokens, particularly those getting listed on major exchanges. As Binance and OKX continue to expand their offerings, these smaller tokens could see increased trading volumes and price swings.

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