TRON

POPCAT

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-introduces-meme-coins-for-futures" data-wpel-link="internal">Binance Introduces Meme Coins for Futures</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/binance-imposes-mica-compliance-steps" data-wpel-link="internal">Binance</a>, the largest cryptocurrency exchange by trading volume, continues to make significant market impacts through its strategic decisions. Recently, Binance announced that it would be listing two meme coins, POPCAT and SUN, for futures trading. The move is viewed as a key development in broadening Binance’s futures trading options and enhancing the user experience. This news has caused a notable increase in the value of both meme coins.</p> 
<h2 id="new-futures-trading-options-announced">New Futures Trading Options Announced</h2> 
<p style="text-align: justify">In its latest announcement, Binance confirmed that futures trading for POPCAT and SUN will be available with up to 75x leverage. The POPCATUSDT Perpetual Contract will launch at 13:00 UTC on August 22, 2024, followed by the SUNUSDT Perpetual Contract at 13:05 UTC on the same day. This development aims to expand the range of trading options on Binance Futures.</p> 
<p style="text-align: justify">The detailed trading schedule reveals that both contracts will start trading in the afternoon of August 22, 2024. Immediately following <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">the announcement</a>, the prices of these meme coins saw an upward surge, reflecting growing interest and optimism among traders.</p> 
<h2 id="popcat-and-sun-price-surge">POPCAT and SUN Price Surge</h2> 
<p style="text-align: justify">POPCAT experienced an 18.6% price increase within minutes of the announcement, reaching a price of $0.5187. The market cap for POPCAT subsequently rose above $507 million, pushing it to the 109th rank and nearing the top 100. SUN, another meme coin based on the TRON network, saw a 14% rise, taking its price to $0.2179 and its market cap to $216.8 million.</p> 
<h2 id="key-takeaways">Key Takeaways</h2> 
<p style="text-align: justify">Here are some actionable insights from this development:</p> 
<ul> 
 <li>Traders can leverage up to 75x on POPCAT and SUN futures contracts.</li> 
 <li>POPCAT saw an 18.6% price increase, while SUN’s price rose by 14% following the announcement.</li> 
 <li>POPCAT’s market cap is now over $507 million, and SUN’s market cap is $216.8 million.</li> 
 <li>These developments could place POPCAT in the top 100 cryptocurrencies by market cap.</li> 
</ul> 
<h2 id="conclusion">Conclusion</h2> 
<p style="text-align: justify">Binance’s decision to list POPCAT and SUN for futures trading has already resulted in substantial price increases for both meme coins. This move not only diversifies Binance’s futures trading options but also significantly boosts the visibility and market presence of POPCAT and SUN. Traders and <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a> should keep a close eye on these meme coins as they continue to gain traction in the market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-introduces-meme-coins-for-futures" data-wpel-link="internal">Binance Introduces Meme Coins for Futures</a></h5>

Binance Introduces Meme Coins for Futures

Table of Contents

BH NEWS

Other articles published on Aug 22, 2024

VeChain News: VET Now a Tap Away for EU Users as Oobit Goes Big with iOS Expansion

The Vision of RAIN: A Coin for Everyone

Bitcoin ETFs Attract Investor Interest

Tether is launching a UAE Dirham-pegged stablecoin, aiming to streamline digital transactions

BREAKING: Alarming Development In This Altcoin – A Significant Portion Of Collateral Removed With...

Market Maker DWF Labs Dumped Almost All Of This Altcoin It Bought A Year Ago To Binance At A Loss

Join our free newsletter for daily crypto updates!