

Binance and OKX List Low-Cap Tokens, Sparking Increased Trading Volume and Potential Profits
Sep 09, 2024 am 12:32 AMTokens 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 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.
The above is the detailed content of Binance and OKX List Low-Cap Tokens, Sparking Increased Trading Volume and Potential Profits. For more information, please follow other related articles on the PHP Chinese website!

Hot Article

Hot tools Tags

Hot Article

Hot Article Tags

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

Is it illegal to issue virtual currencies? Top 10 recommended virtual currency issuance platforms in the world

Ranking of the world's well-known virtual currency APPs (top ten recommended by 2025 virtual currency exchanges)

A summary of the top ten popular trading apps in the currency circle (authoritative release in 2025)

How to roll positions in digital currency? What are the digital currency rolling platforms?

On which platform is web3 transaction?

Top 10 popular web3 digital currency trading software download app

The top ten authoritative releases of the currency circle contract introduction trading apps

Detailed tutorial on downloading and installing Binance binance mobile APP