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Binance launches feature that reveals tokens with growth potential
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Binance has just announced another new feature: the Binance Alpha, a tool integrated into the platform’s wallet that will highlight early-stage crypto projects.
From December 18, 2024, users will be able to access a selection of cryptocurrencies with significant growth potential in the Web3 ecosystem. The initial launch will feature ten tokens announced in two stages on launch day. Binance will then announce another ten tokens on December 19th and ten more on the 20th.
In particular, memecoin investors see Binance Alpha an opportunity to boost projects they are part ofas can be seen in the comments on the ad on X.
In addition to cryptocurrency project creators, the new tool is a useful solution for investors. It’s common find new memecoin projects with very low acquisition costs, but the tokens may increase in value as the project “falls into favor” with the community.
Opportunities at Binance
This is the case of $PEPE, which hit the market in April 2023 at an acquisition cost of US$0.00000019 per unit. Today, memecoin costs US$0.00002138, an ROI (Return on Investment) of 11,152% in less than 2 years.
To the introduce new cryptocurrency projects to its base of more than 244 million users, Binance wants to bring more transparency to the asset listing process.
According to the statement, the idea is use the solution as a kind of pre-selection pool, to define which tokens will arrive on Binance Exchange in the future. However, token entry on Binance Alpha does not guarantee listing.
To the memecoins tend to appreciate even more when they reach exchanges. With a gigantic user base, these cryptocurrency brokers they are large markets for buying and selling the token. This creates more demand for projects with limited token supply.
Binance launches feature that reveals tokens with growth potential
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Binance launches feature that reveals tokens with growth potential
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Binance launches feature that reveals tokens with growth potential
