Binance Expands Support for ACT, NEIRO and PNUT, Will Prices Rally Further?

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As a seasoned crypto researcher with over five years of experience in this dynamic and ever-evolving market, I find myself both intrigued and cautiously optimistic about Binance’s latest move to add ACT, NEIRO, and PNUT pairs for margin trading on its platform.

Binance, the world’s biggest cryptocurrency exchange, extended its services by introducing three new pairs for margin trading with USDC as of Monday. These newly added coin pairs, namely The AI Prophecy (ACT), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO), can now be traded using both cross-margin and isolated-margin options on their platform.

Binance Margin Adds ACT, NEIRO, and PNUT Pairs

As per a recent statement from Binance dated November 18th, Binance Margin has introduced three new trading pairs using USDC: The AI Prophecy (ACT I), Peanut the Squirrel (PNUT), and First Neiro On Ethereum (NEIRO). These newly added pairs are now accessible for both cross-margin and isolated-margin trading, expanding the possibilities for users to enhance their positions by leveraging them.

The new trading pairs are:

  • Cross-margin trading pairs: ACT/USDC, NEIRO/USDC, PNUT/USDC
  • Isolated-margin trading pairs: ACT/USDC, NEIRO/USDC, PNUT/USDC

This article is about Binance introducing ACT, NEIRO, and PNUT on its spot market for the first time on November 15. This step was taken following significant price movements: a 100% rise in ACT, a 330% spike in PNUT over a week, and a 12% dip in NEIRO. These new listings are anticipated to draw more traders towards Binance Margin and ignite curiosity about meme coin trading.

Will Price Explode for ACT, NEIRO, and PNUT Amid Meme Coin Mania?

In the current scenario where popular meme tokens are leading the crypto market, listing ACT, NEIRO, and PNUT on Binance’s Margin trading platform could potentially trigger substantial price fluctuations. Given the recent increase in interest towards meme coins among both individual and institutional investors, these tokens have been drawing significant attention.

Right now, ACT is going for $0.6326, marking a 2% rise over the past day. Its price fluctuated between $0.6142 and $0.6909 during this period. Over the last month, ACT has experienced an extraordinary 2,200% growth, putting it among the notable meme tokens. With a trading volume of $372 million in the past 24 hours, ACT is gaining attention from traders who appreciate high volatility and potential quick profits.

presently, NEIRO is being transacted at $0.002117, showing an uptick of 1.5% over the past day. The price fluctuations within this period reached from $0.002042 (daily low) to $0.002281 (daily high). Over the last month, NEIRO has seen a growth of 7.6%, indicating a more stable progression compared to other meme coins. A trading volume of $629 million over the past 24 hours keeps NEIRO in demand, despite its growth being somewhat slower than other popular meme tokens.

Currently, Peanut the Squirrel (PNUT) is priced at approximately $1.67, representing a 4% rise in the last day. Over the past month, this cryptocurrency has seen an astounding 3,000% growth, signaling significant investor speculation. The daily trading range for PNUT was between $1.511 and $1.934, while its current 24-hour trading volume amounts to a substantial $1.63 billion, making it an attractive option for traders aiming to benefit from the coin’s volatile price movements.

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2024-11-18 11:26