JAKARTA - Binance, a global crypto exchange, announced additional trading pairs for Notcoin (NOT) and Dogwifhat (WIF). With this step, Binance not only expanded its trade but also emphasized its position as a pioneer in providing access to a diverse crypto market.
Notcoin, which was born from a game on Telegram, has grown to a phenomenon with an astonishing market cap of 1.8 billion US Dollars (around Rp29.2 trillion) and a daily trading volume of 1 billion US Dollars (around Rp16.2 trillion). The unique tap-to-earn' mining system has made Notcoin an attractive asset for miners and investors.
Meanwhile, Dogwifhat, which took the form of Solana-based meme coins with iconic images of Shiba Inu dogs, has seen exponential growth since its debut in November 2023. From almost nil, the price jumped to 4.88 US Dollars (approximately IDR 79,373), with current market cap of 2.76 billion US Dollars (approximately IDR 44.8 trillion) and a trading volume of 500 million US Dollars (approximately IDR 8.1 trillion).
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By adding this new trading pair, Binance not only provides liquidity but also opens the door for traders to explore new potential assets. The upcoming offering of trade bots for Notcoin and Dogwifhat promises convenience and efficiency in trading, although with the note that regional restrictions may apply.
According to CoinGape's information, Binance's announcement has sparked a positive reaction in the market, with the WIF price rising 11% to 2.75 US Dollars (approximately IDR 44,728). However, a 6.09% drop in trading volume indicates that the market may be preparing for corrections. NOT, on the other hand, experienced a surge of more than 20%, traded at 0.01858 US Dollars (approximately IDR 302.20), shows strong market optimism towards this asset.
Binance continues to strengthen its position as market leader with these innovative measures. By offering various growing trade and service options, Binance ensures that user needs around the world are met, while maintaining its commitment to security and legal compliance.
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