Why AAVE, STMX & SUN Price May Rally Ahead?

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As a seasoned crypto investor with a knack for spotting trends and opportunities, I can’t help but feel a surge of optimism following Binance’s latest announcement. With my years of experience under my belt, I’ve learned to read between the lines and understand that such listings often herald significant price movements. The recent success story of TON-based DOGS serves as a testament to this fact.

The most recent news from Binance about cryptocurrencies such as AAVE, StormX (STMX), and SUN has sparked hope among investors in the wider market. Since Binance unveiled new spot trading pairs for these tokens on Tuesday, there’s been a shift towards optimism regarding the potential price movements of these crypto assets.

Currently, crypto traders are debating if the exchange’s latest action could lead to additional growth, as prices dip following a dramatic rise. Interestingly, historical events show that Binance’s listings have often led to substantial increases in cryptocurrencies. To put it in perspective, the discussion around the crypto market recently saw the price of DOGS, based on the TON platform, soar by almost 120% after being listed on the exchange.

AAVE, STMX, and SUN Brace For Impact With Binance Listing

On September 3, Binance’s official announcement has sparked a wave of optimism regarding the price movements of AAVE, STMX, and SUN. Beginning September 4 at 8 AM UTC, Binance will initiate spot trading for the pairs AAVE/USDC, STMX/TRY, and SUN/TRY. This development has fueled anticipation in these crypto markets.

Additionally, it was disclosed that the CEX will initiate trading in TRX/USDC pairs on the specified date and time. This news has sparked optimism and is expected to boost the flow of funds into these cryptocurrencies.

Furthermore, the interaction disclosed that they plan to simplify their trading bot services for certain currency pairings, effective from September 4th at 8 AM UTC. The following pairings are involved in this streamlining process:

Spot Algo Orders: AAVE/USDC, STMX/TRY, SUN/TRY and TRX/USDC.

Spot Grid, Spot DCA and Rebalancing Bot: DOGS/USDT, RENDER/USDT, REZ/USDT, ZK/USDT, ZRO/USDT.

In essence, this announcement from the exchange could encourage more investors to get involved, which might result in a surge or rise in the prices of these tokens.

How Are The Coins Performing Today?

Currently (at this moment), the price of AAVE has significantly increased by almost 9%, reaching $131.5. Earlier in the day, it had dipped to $120.46 and peaked at $135.13. Data from Coinglass indicates a notable jump of 19% in the token’s futures Open Interest today. Additionally, its 24-hour trading volume has seen a substantial increase of 34.65%, which has boosted investor confidence.

Today, StormX’s price skyrocketed by 6%, peaking at $0.006542. The token’s intraday low was $0.006003, while its highest point reached $0.006588. Furthermore, the futures Open Interest (OI) saw a slight increase of 0.6% today. Additionally, the token’s 24-hour trading volume experienced a significant boost of 4.70%.

Nonetheless, SUN price slipped 3% despite the listing announcement, stirring speculations among market participants. The coin traded at $0.03259, with its 24-hour lows and highs were $0.03135 and $0.03451, respectively. Coinglass revealed a 2% dip in the coin’s futures OI today. However, its 24-hour trading volume noted a 16.83% uptick.

1. Market players closely follow those tokens, anticipating that the upcoming listing might trigger a noticeable change in their price dynamics. Additionally, there’s excitement brewing as Binance has now included TON in its Simple Earn locked products, indicating a major development in the crypto market.

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2024-09-03 13:50