As a researcher with a background in cryptocurrency trading, I find Binance’s decision to expand support for ConstitutionDAO (PEOPLE), Highstreet (HIGH), and Tensor (TNSR) intriguing. These altcoins have seen significant rallies in the past month, and their addition to Binance’s spot trading pairs is likely to bring further excitement to the market.
Binance, the world’s leading crypto exchange, announced on Tuesday its support for three popular altcoins – ConstitutionDAO (PEOPLE), Highstreet (HIGH), and Tensor (TNSR) – for spot trading. Starting this week, Binance will introduce new trading pairs and bot services for these coins, potentially fueling further growth as they experienced significant rallies in the previous month.
Periodically, Binance carefully assesses the cryptocurrencies it hosts to enhance users’ trading experience. New pairings that witness significant demand are considered for inclusion in their platform.
3 Binance-Picked Altcoins To Buy
Binance announced on June 4 that it has broadened the scope of spot trading for ConstitutionDAO (PEOPLES), Highstreet (HIGH), and Tensor (TNSR) on our platform. This expansion aims to enhance the trading experience for our users.
As a Binance user, you have the opportunity to initiate trades for the HIGH/TRY, PEOPLE/FDUSD, and TNSR/USDC pairs starting at 08:00 UTC on June 5. By doing so, you’ll benefit from zero maker fees on PEOPLE/FDUSD and reduced taker fees on TNSR/USDC pair. This favorable fee structure is expected to result in increased trading volumes for these pairs, potentially leading to price escalations.
Starting June 5, Binance will offer trading bot services and spot algorithmic orders for the listed trading pairs, with the exception that these features will not be accessible in Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, the United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.
Concurrently, the cryptocurrency trading platform is discontinuing listings and terminating assistance for Waves (WAVES), OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM). The values of these digital currencies plummeted by more than 25% within a single day.
PEOPLE, HIGH and TNSR Rallied Massively
As a crypto investor, I’ve witnessed an astonishing surge in PEOPLE‘s price within just a month, reaching a peak of $0.13. However, over the past 24 hours, there’s been a downturn with a 4% decrease to $0.10 due to profit-taking by traders. Interestingly, trading volume has dropped significantly by 47%, yet PEOPLE still manages to rank among the top traded cryptocurrencies in the market today.
As a researcher observing the market trends, I’ve noticed that both HIGH and TNSR prices experienced a significant surge over the past month, rising by more than 50%. However, in the last 24 hours, there has been a noticeable selloff. Specifically, the price of HIGH decreased by 23% to reach $5.98, while TNSR followed suit with a 2% decline, dropping down to $1.30.
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2024-06-04 14:57