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Binance has expanded its futures copy trading offerings to include POPCAT and MEW USD-Margined perpetual contracts, sparking bullish sentiment among traders. The addition could signal a surge in interest and investment in Solana-based meme coins as prices of both tokens have already started climbing.
Binance Expands Futures Offerings with POPCAT and MEW Contracts
Today at 9:00 UTC, Binance's futures copy trading division will include POPCAT and MEW USD-Margined perpetual contracts, according to an official notice dated November 5. It has been announced that the copy trading platform now allows customers to trade POPCATUSDT and MEWUSDT.
To put it in perspective, the digital asset trading platform's copy trading division lets customers "copy experienced traders' portfolios in real time." Market perception towards the Solana meme coins could undergo a sea change as a result of this improved investment offering for market observers, which offers options to optimize gains on an asset.
Potential Bullish Impact for Solana Meme Coins
Meme coins might see upward momentum in price action if more buyers flood in to cash in on gains that mimic those of expert traders. In general, market observers are positive about the future price fluctuations of the aforementioned cryptocurrency as the crypto exchange giant extends its products for it.
In response to Binance's news, the price of POPCAT surged to $1.30, an increase of over 4%. Intraday, the coin's value ranged from $1.19 to $1.31. At the same time, the price of MEW had a roughly 2% boost today, trading at $0.008332.
During the past 24 hours, the price of the currency has fluctuated between $0.00765 and $0.008528. Notably, one of the top cryptocurrency exchanges has improved its trading offers, which coincides with the increasing price movement of the cryptocurrencies.
Broader Market Reactions and Comparisons to PONKE
At the same time, it should be noted that PONKE, based in Solana, was also listed on the same exchange not long ago, leading to a comparable surge in the price of the currency. A conflicting attitude on the pricing of the Solana joke currencies was sparked today as PONKE traded down over 4%, reaching $0.4352.
However, following the exchange's recent debut of futures listing, CoinGape claimed that the price of GOAT extended weekly advances to around 200%. In light of recent listings, market analysts are still skeptical about the future pricing of POPCAT and Cat in Dogs World.
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