As a seasoned researcher with over two decades of experience in the ever-evolving world of cryptocurrencies and blockchain technology, I can confidently say that Binance‘s decision to list Velodrome Finance (VELODROME) is a game-changer for this promising decentralized exchange. Having witnessed firsthand the impact of such listings on smaller projects, I am excited to see how VELODROME will leverage this opportunity to further establish itself in the competitive DeFi market.
After being listed on Binance, the Velodrome Finance (VELODROME) token has experienced an impressive 170% increase. This decentralized exchange (DEX) token, which has been garnering a lot of attention lately, can now be traded against USDT on the platform. As the liquidity center for the Superchain, this listing represents a significant milestone in its expanding ecosystem, boosting visibility and investor interest.
Binance Listing Boosts Velodrome’s Visibility and Market Potential
December 13 saw Binance announcing their plan to incorporate Velodrome Finance, a well-known decentralized exchange (DEX), into their system. Notably, Velodrome Finance serves as the liquidity center for the Superchain. This strategic move is intended to enhance trading and investment accessibility, as well as boost user interaction within the platform’s environment.
On the platform, a fresh trading pair, VELODROME/USDT, will soon be available for deposits before live trading starts at 14:00 (UTC). Live trading commences at this time, and withdrawals can be initiated on December 14 at 14:00 (UTC). This move is anticipated to enhance liquidity and broaden the reach of our DEX’s expanding decentralized finance (DeFi) activities.
1) The platform has added a “Pioneer Label” to the digital coin, indicating its groundbreaking nature along with increased risk and fluctuation. To deal with such coins, traders are required to complete a risk-assessment test every three months. Furthermore, sophisticated trading functions like automated bots and immediate copy trading will become available within a day’s time. Consequently, users can enjoy improved tools designed for smooth trading operations.
Velodrome Finance consistently grows its influence within the decentralized finance sector, providing robust and streamlined liquidity options. By joining forces with Binance, this platform is poised to draw considerable interest, leading to increased adoption and a firmer stance in the cutthroat world of DeFi.
Price Rallies Amid Binance’s Latest Move
The price of VELO experienced a significant jump, now standing at $0.39, due to Binance’s decision to back the token. This has resulted in a staggering 365% growth over the past month and an astonishing 500% rise since the start of the year, demonstrating high investor enthusiasm. With a market capitalization of $357 million and $42 million worth of trades in the last 24 hours, its recent performance underscores growing trust in its usefulness and ecosystem.
The sharp rise in prices mirrors the success of KOMA, as it skyrocketed by 136% following endorsement from Binance. This underscores the platform’s capacity to amplify a token’s presence and trading volume. Moreover, it sparks substantial curiosity within the wider cryptocurrency market.
Through a reliable liquidity source, Velodrome Finance is able to boost its liquidity and accessibility, two essential elements that help maintain its ongoing bullish trend. As the token garners increasing attention, it’s expected to expand its market footprint. This growth will further fortify its standing within the cryptocurrency landscape.
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2024-12-13 13:41