Binance expands with new trading pairs for Notcoin (NOT) and Dogwifhat (WIF), enhancing market liquidity and user convenience.
Binance has broadened its trading options by introducing new combinations for Dogwifhat (WIF) and Notcoin (NOT). Starting tomorrow, Notcoin will be exchanged for the Brazil Real (BRL) and Dogwifhat for the Euro (EUR).
Binance Adds Notcoin and Dogwifhat Trading Pairs
Notcoin and Dogwifhat are now available for trading on Binance, which is still expanding its trading pairs. Notcoin originated as a Telegram game on the TON blockchain and gained widespread popularity due to the tap-to-earn mining system.
Although initially greeted with skepticism, it has since grown, reaching a market capitalization of $1.8 billion and a trading volume of $1 billion.
Dogwifhat, a Solana-based token that features a Shiba Inu dog donning a hat, is another meme coin that has also performed well. In November 2023, Dogwifhat was introduced, and its price rapidly increased from nearly nothing to $4.88.
The token currently has a trading volume of $500 million and a market capitalization of $2.76 billion. These new pairings, available for trading in BRL and EUR, demonstrate the significance of tokens in the market by providing traders with convenience and liquidity.
Binance aims to increase trading volume and generate revenue through trading fees by including popular tokens such as Notcoin and Dogwifhat on its platform. These pairings indicate Binance’s endeavors to diversify its platform and improve the trading experience of its clients.
In addition to the new trading combinations, Binance will provide trading bot services for Dogwifhat and Notcoin. By offering automated trading options, these bots will enhance the trading experience by enabling users to manage their transactions.
Nevertheless, regional restrictions prevent traders from trading these pairings in several countries, including the United States, Canada, and the Netherlands.
To trade these new combinations, users must verify their accounts. This measure improves the safety of trading activities on the platform and ensures compliance with regulatory frameworks. Binance implements these measures to guarantee that its trading platform is secure and by the law.
Dogwifhat Price Surges by 11%
The market has responded favorably to the announcement. The price of WIF has increased by 11% and is currently trading at $2.75. WIF’s trading volume has decreased by 6.09% despite the price increase, suggesting a potential adverse trend in the market.
Support and resistance levels have been established by traders at $2.42 and $2.90, respectively, emphasizing the volatility of the WIF market.
Similarly, NOT has experienced a price increase of more than 20% and is currently trading at $0.01858. Notcoin’s highs and lows are $0.015 and $0.01905, respectively. The market’s reaction to Binance’s announcement and the increasing interest in these tokens are reflected in these price fluctuations.