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Elena R
Elena R
Author
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
- Sep 16, 2024 07:33 UTC
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Memecoin Binance Listing Update: Neiro, Baby DOGE, Turbo to Be Added!
Binance lists 3 meme coins - TURBO, NEIRO, and Baby DogeCoin.
All 3 coins saw significant price increases following the announcement.
Listing on Binance exposes the coins to a large user base and deep liquidity.
Binance Holdings Ltd., the world’s largest cryptocurrency exchange by daily trading volume and user base, has announced the listing of three new meme coins: Turbo (TURBO), Neiro (NEIRO), and Baby DogeCoin (BabyDoge).
These tokens have now joined the growing list of meme coins on Binance, attracting significant attention from traders. Will they follow in the footsteps of Dogecoin and Shiba Inu?
Binance Listing – What to Look For!
The exchange has applied a Seed Tag to the trading pairs of these tokens, including with Tether (USDT). While trading begins today, users will be able to withdraw these coins starting Tuesday, September 17.
With over 220 million registered users, a listing on Binance gives these meme coins vast exposure. Some experts point out that such listings can sometimes be used by early investors as a way to cash out, but the market response has been mostly positive.
Binance is licensed in more than 19 countries and offers deep liquidity, which makes it attractive for traders. Features like trading bots and spot copy trading are also available for these new meme coins, potentially driving up trading volumes.
Crypto Market Impact
The announcement led to rapid price increases for all three meme coins, even as the broader crypto market remains under bearish pressure.
Neiro (NEIRO): Neiro surged by more than 440% in the last 24 hours, trading at around $0.000245. With a fully diluted market value of $103 million and daily trading volumes of $43 million, Neiro is in price discovery mode, showing signs of future growth.
Baby DogeCoin (BabyDoge): Baby DogeCoin’s price jumped over 55%, reaching $0.00000000165 during Monday’s early European session. With 1.87 million holders and liquidity over $22 million, Baby DogeCoin is poised for further gains.
Turbo (TURBO): Turbo saw a 17% rise over the last 24 hours, trading at $0.000438. While smaller in market size compared to the others, its performance remains under close watch.
The Binance listing could be a game-changer for these small-cap projects. Are you betting on them?
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