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Binance Ignites SHIB, APE Action With Trading Bots—Altcoins Rally Possible?

Wed, 27 Nov 2024, 17:05 pm UTC

SHIB and APE trading on Binance see upgrades with bots, sparking talk of an upcoming altcoin rally.

Binance introduces bots for SHIB and APE, fueling speculation of a broader market rally. Credit: TokenPost

Binance has rolled out trading bots for SHIB and APE, alongside zero-fee promos, creating a buzz in the altcoin market. Price surges in SHIB, APE, and EIGEN suggest a rally could be on the way.

Binance Expands Trading Options With SHIB, APE, and More

Binance said in an official press release dated November 27 that it is increasing the variety of trading options available to its users. Trading pairings APE/USDC, BOME/EUR, EIGEN/USDC, HBAR/FDUSD, MEME/USDC, TROY/USDC, and WLD/EUR will be available on the exchange starting from Friday.

Starting on November 28, Binance will allow Trading Bots services for select pairings, in addition to the new trading pairs. The following are examples of spot orders: APE/USDC, EIGEN/USDC, and HBAR/FDUSD; SHIB/USDC, ZK/FDUSD, and Spot Grid and Spot DCA.

By November 29, one of the most prominent cryptocurrency exchanges will have added more pairs to their listing, including 1MBABYDOGE/USDC, CETUS/USDC, COW/USDC, DYDX/USDC, HMSTR/USDC, and TURBO/USDC.

Zero-Fee USDC Promotions Drive Trading Activity

Binance has made an announcement regarding a promotion for USDC trading pairs in order to further encourage trade. As part of the promotion, users can trade the newly listed USDC pairs and split 100,000 USDC without paying any costs for spot USDC trading.

Many traders, both individual investors and large financial institutions, are taking advantage of Binance's zero-fee opportunity to test out new tokens, Coingape shares.

Trading at $0.00002485, the price of SHIB Inu (SHIB) increased 4% in the past 24 hours. The appearance of two unusual patterns has analysts predicting a parabolic growth spurt for Shiba Inus.

SHIB, HBAR, and APE Prices Surge Amid Market Momentum

While the price of HBAR climbed 8%, reaching $0.1397, it hit a low of $0.12 and a high of $0.14 in the past 24 hours. The price of ApeCoin (APE) increased by 3% to $1.26.

The value of meme coins like BOME increased by 4% to $0.008, while the value of MEME increased by 2% to $0.013.

EIGEN and Meme Coins See Significant Gains

After touching $3.00 and $3.60, EIGEN wowed with a 14% surge, trading at $3.48. In line with the overall market trend, several coins experienced 4-8% price increases, including TROY, CETUS, COW, DYDX, HMSTR, and TURBO.

TokenPost | [email protected]

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

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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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