Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Market Overview
CoinMarketCap 100 Index
Fear and Greed Index
Altcoin Season Index
Bitcoin Dominance
Crypto ETFs
Overall NFT Stats
Upcoming Sales
New Pairs
Trending Pairs
Meme Explorer
Gainers & Losers
Community Votes
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
Academy
Research
Videos
Glossary
Date: Fri, Dec 06, 2024, 09:25 AM GMT
The cryptocurrency market saw a huge spike in the prices of Orca (ORCA) and Across Protocol (ACX) today, following Binance’s announcement of their listing. Orca, a popular decentralized exchange (DEX) on Solana, surged over 100%, while ACX, an interoperability-focused protocol, skyrocketed over 120%.
Source: Coinmarketcap
Binance’s Announcement
Binance, the world’s largest cryptocurrency exchange, revealed that it will list ORCA and ACX, opening spot trading for the following pairs:
- ACX/USDT
- ORCA/USDT
Source: @binance (x)
Trading for these pairs will begin on December 6, 2024, at 13:00 UTC, allowing users to deposit their tokens in preparation for trading. Withdrawals are scheduled to open on December 7, 2024, at 13:00 UTC.
This news has sparked significant buying interest, with both tokens experiencing substantial price hikes as traders and investors anticipate increased liquidity and adoption.
ORCA and ACX:
- Orca (ORCA): Known for its user-friendly interface and role as a DEX on the Solana blockchain, Orca enables fast and cost-effective swaps. The Binance listing is expected to enhance ORCA’s exposure to global traders, further cementing its position in the DeFi ecosystem.
- Across Protocol (ACX): Specializing in cross-chain interoperability, ACX is a rising player in enabling seamless token transfers across multiple blockchains. The Binance listing marks a significant milestone for ACX, providing broader market access and liquidity.
What’s Next?
The cryptocurrency community has reacted bullishly to the announcement, with trading volumes for both ORCA and ACX soaring across decentralized platforms. Analysts suggest the price surge reflects growing confidence in these projects, bolstered by Binance’s stamp of approval.
As the trading pairs will go live, traders should expect heightened volatility for ORCA and ACX. However, caution is advised, as rapid price spikes are often followed by short-term corrections.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.