Altcoins
3 Trending Altcoins Set to Strengthen as Binance Lists These Next Pairs
On Tuesday, Binance, the world’s largest cryptocurrency exchange, said it has expanded support for three trending altcoins for spot trading. Binance will enable new trading pairs and trading bot services for ConstitutionDAO (PEOPLE), High Street (High and Tensor (TNSR) this week, leading to further upside as these had seen a massive rally last month.
Binance periodically reviews listed cryptocurrencies to enhance users’ trading experience and lists new pairs that witness massive demand.
3 Altcoins selected by Binance to buy
Cryptocurrency exchange Binance
in an official announcement on June 4 it said it had expanded spot trading choices for ConstitutionDAO (PEOPLE), High Street (High and Tensor (TNSR), improving users’ trading experience.
Binance users can start trading HIGH/TRY, PEOPLE/FDUSD and TNSR/USDC pairs at 08:00 UTC on June 5. Users will be able to enjoy zero maker fees on PEOPLE/FDUSD and discounted taker fees on the TNSR/USDC pair, leading to potential price increases due to high trading volumes.
Additionally, Binance will enable trading bot services and algorithmic spot orders for the above-mentioned trading pairs on June 5th. The above-mentioned trading pairs remain unavailable in the countries: Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, United Kingdom. States of America and its territories (American Samoa, Guam, Puerto Rico, Northern Mariana Islands, US Virgin Islands) and any areas of Ukraine not controlled by the government.
Meanwhile, the cryptocurrency exchange is delisting and ceasing support Waves
(WAVES), OMG Network (OMG), NEM (XEM) and Wrapped NXM (WNXM). The prices of these cryptocurrencies dropped by more than 25% in one day.
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PEOPLE, HIGH and TNSR gathered massively
The price of PEOPLE increased by more than 300% in a month, reaching a local high of $0.13. Over the past 24 hours, the price fell 4% to $0.10 on profit booking by traders. Furthermore, the trading volume has decreased by 47% in the last 24 hours, but it still remains one of the most important exchanges in the cryptocurrency market today.
HIGH and TNSR prices have risen more than 50% in a month but have witnessed a sell-off in the last 24 hours. The HIGH price fell 23% to $5.98 and the TNSR price fell 2% to $1.30.
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