Will USUAL Price Hit $1 as Binance to Commence Spot Trading?

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As a seasoned crypto investor with over a decade of experience navigating the digital asset market, I’ve seen my fair share of listings and their impacts on various projects. The announcement of Usual’s listing on Binance has certainly piqued my interest, given its potential to reshape the stablecoin market.

In simpler terms, Binance has revealed it will list the Usual token, a decentralized platform that issues fiat stablecoins without central control. This has sparked discussions about whether the price of Usual could hit $1. With this listing, there’s anticipation among traders and investors that the visibility of Usual in the market will increase substantially.

As trading volume is expected to increase significantly, the cryptocurrency might redefine the landscape within the stablecoin sector. Binance’s backing underscores its influential part in fostering innovation and mainstream acceptance of up-and-coming digital currency initiatives.

Binance Announces USUAL Listing Details

On December 12th, Binance confirmed the addition of Usual to their platform, representing another significant achievement for the decentralized stablecoin issuer of fiat currency. Trading will soon be available across four different pairs: Bitcoin (BTC), Tether (USDT), FDUSD, and Turkish Lira (TRY), with Usual serving as the counterpart in each transaction. Users can already deposit funds, getting ready for trading activities to commence.

The crypto trading is scheduled to kick off on December 18th at 11:00 UTC. This gives traders and investors a chance to delve into the possibilities of this digital currency. On the next day, December 19th, withdrawals for the token will become available at 11:00 UTC. Moreover, within a day after the start of spot trading, the platform will activate Trading Bots and Spot Copy Trading for this asset, making it even more accessible.

The token is labeled with a “warning tag” due to its higher risk and tendency towards volatility. At the time of its initial release, it will have 494.6 million tokens in circulation, which amounts to 12.37% of its total supply of 4 billion tokens. Binance encourages users to take seed tag-related quizzes to fully grasp the associated risks before engaging in trading activities.

This announcement underscores its dedication to backing upcoming initiatives such as USUAL, providing them with a wider stage to connect with international investors. The listing is expected to generate substantial trading action, thereby increasing its market visibility and acceptance.

Price and Impact of Binance Listing

Initially, the standard price was being exchanged at around $0.70, showing a 10% decrease in the last 24 hours. Over this period, the token’s lowest and highest prices varied from $0.66 to $0.89. It currently has a market capitalization of $242 million and a trading volume of $144 million. Despite the recent downward trend, it experienced a remarkable 97% increase in price over the past week, underscoring its rising momentum.

On the well-known cryptocurrency exchange Binance, the listing of USUAL is anticipated to significantly enhance its market exposure and trading activity. In the past, tokens such as KOMA, which were listed on Binance, have witnessed substantial price increases. This surge in value tends to occur due to heightened investor interest and increased trading volumes, a phenomenon driven by a large user base on the platform.

As an analyst, I’ve observed a significant development in our platform: we’ve broadened our services to include HIVE, IDEX, and TLM tokens. The response from the cryptocurrency market has been noteworthy, with these three digital assets experiencing robust surges post-announcement. This suggests a substantial impact that our exchange holds among crypto investors.

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2024-12-12 15:58