Heima Coin’s 70% Soar: Binance’s Enhanced Trade Offerings to Blame?

by

Heima (HEI) coin, the evolved version of the Litentry Network, has been making waves in the crypto market. Why, you ask? Well, its price has skyrocketed by a whopping 70% in just one day! And guess what? This meteoric rise can be attributed to none other than the crypto exchange behemoth, Binance.

Heima Coin’s Bullish Streak Amid Binance’s Enhanced Trade Offerings

In an official announcement dated February 13, Binance revealed that it is adding Heima coin to its trading platforms. This includes ‘Earn, Buy Crypto, Convert, Margin & Futures’. As a result, market watchers are now speculating whether the token can sustain its bullish movement ahead.

Starting today at 08:00 UTC, flexible products for the coin will be available on ‘Simple Earn’. Starting February 14, users can purchase the asset using any of the payment options available on the platform’s ‘ Auto-Invest’ division. Users can also buy via VISA, MasterCard, Google Pay, Apple Pay, Revolut, and their account balances on the ‘Buy Crypto’ page within one hour of the spot listing.

Furthermore, the platform’s colossal user base can trade the coin against BTC, USDT, and any other tokens on ‘Convert’ at zero fees within one hour of the spot listing. Binance Margin will add the HEI coin as a new borrowable asset on cross and isolated margin, as well as the HEI/USDT and HEI/USDC pairs today at 11:00 UTC. Lastly, the crypto exchange will also launch a USD-Margined perpetual contract for the asset with up to 75x leverage today at 09:00 UTC.

All these enhanced trade offerings by one of the top crypto exchanges significantly enhance market exposure, paving the way for money inflow into the token’s ecosystem. As a result, the coin’s price shot up phenomenally amid the announcement.

Heima Coin’s Price Skyrockets 70%

Heima coin’s price surged by a whopping 70% as of press time, trading at $1.23. The coin’s 24-hour low and high were $0.7291 and $1.36, respectively. The current bullish trajectory primarily mirrors soaring market optimism amid new listings on one of the leading crypto exchanges. Further, the recent crypto market recovery appears to have bolstered the price surge.

Intriguingly, traders also appear to be positive on the recent development, as indicated by a 14414.65% uptick in the intraday trading volume to $64.27 million. The current dynamics indicate that the coin is seeing heightened market interest, paving the way for further bullish movement.

Litentry Network (LIT) Rebranding Saga

Meanwhile, it’s also noteworthy that the coin witnessed a rebranding saga as this year kicked off. Notably, the Heima (HEI) coin is a rebranded version of the Litentry Network (LIT), per an announcement as of January 2025. The rebranding reflects the project’s evolution from a decentralized identity to a chain abstraction entity.

Read More

2025-02-13 12:44