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HBAR, OM, and APE Tokens Gear Up for Rally as Binance Reveals Major Trading Pair Expansion

Thu, 21 Nov 2024, 03:14 am UTC

HBAR, OM, and APE poised for movement as Binance introduces new trading options.

HBAR, OM, and APE are grabbing the spotlight as Binance unveils expanded trading pairs and Spot Algo services. Launching November 22, the announcement has market watchers eyeing a rally despite recent turbulence in token prices.

Binance Expands Trading Options With New Pairs
According to a press statement from Binance dated November 20, the exchange has announced that it is adding more trading options for its consumers. The release states that starting at 08:00 UTC on November 22, the crypto exchange will begin trading for the following pairs: APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD.

Along with that, the top cryptocurrency exchange will launch its trading bot services for certain cryptocurrency pairs at the exact same moment. The following Spot Algo orders will be accessible to users on the given date: APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD.

Zero-Fee Trading Sparks Optimism
Furthermore, there will still be no costs for consumers while trading the FDUSD/USDC pair. More market interest in the assets is a direct result of these improved trading offerings, which in turn opens the door to even more growth. With the launch of the improved trade products, market analysts are cautiously hopeful about the future.

There was a lot of volatility in the price of six tokens despite the positive statement. Trading at $1.08, the price of ApeCoin (APE) fell over 4% intraday. At the time of publishing, the coin's 24-hour low was $1.08, and its high was $1.15.

At the same time, the price of Hedera (HBAR) fell 15% over the day, reaching $0.1231. Intraday, the coin's price ranged between $0.1177 to $0.1485. According to Coingape, the weekly chart for the token showed increases of 113%, which is significant. Optimism is high because of the rumors surrounding Hedera board member Brian Brooks' potential appointment as chairman of the US SEC.

Weekly Gains Fuel Hope Despite Volatility
Despite the announcement, the price of MANTRA (OM) plummeted 5% and is now trading at $3.96. Within a day, the price of the coin dropped as low as $3.81 and as high as $4.39. The price of MANTRA also increased by 176% in a week. In a same vein, the price of Raydiyum (RAY) surged 23% weekly and 4% intraday, finally landing at $5.50. It peaked at $5.79 and hit a 24-hour low of $5.20.

But the price of Bittensor (TAO) fell 3% yesterday and is now at $475.86. In a 24-hour period, the coin's value dropped as low as $461.77 and rose as high as $501.58. Finally, Turbo's price dropped 6% to $0.008078 in the last 24 hours. Within a day, the price of the coin dropped as low as $0.008054 and as high as $0.008823.

Market observers are keeping an eye on the tokens despite their poor results because Binance's improved offers often provide a positive influence on crypto. Notably, the price of Comedian (BAN) and Akash Network (AKT) skyrocketed after they listed their futures on the same platform.

Previous Success Stories Drive Optimism
Because they were both listed on the same exchange before, the prices of PNUT and ACT went up significantly at the same time. These historical accounts give rise to substantial hope for the future price movements of the coins described. However, market observers are still unsure of what the future holds, mostly because the cryptocurrency field is so unpredictable.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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