Binance has recently added support for Shiba Inu (SHIB), Dogecoin (DOGE), and PEPE Coin, with a particular emphasis on the African region.
On Friday, Binance, a cryptocurrency exchange, reflected the broader sector’s frenzy by expanding its trade offerings for several of the most prominent meme coins. The company has announced that it will increase its support for Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB) tokens, with the primary objective of improving trade offerings in the African region. This is notable. Consequently, crypto market participants are speculating about the potential positive impact of the enhanced offerings on future prices.
Binance Revives Optimism by Broadening Trade Offerings for DOGE, PEPE, and SHIB
Binance P2P has officially announced the expansion of its support for new trading pairs in specific fiat zones throughout Africa. In particular, trading for DOGE, PEPE, and SHIB tokens is now permitted against specific African fiat currencies. ETB, GHS, KES, RWF, TZS, UGX, XAF, XOF, and ZAR are potential fiat currencies.
The P2P division of the platform is equipped with a vast user base prepared to purchase and sell these trading pairs directly through various local payment methods. The improved trade offerings generally facilitate additional capital inflows into the top meme coins by increasing their global market visibility. Consequently, traders and investors continue to express optimism regarding the coins’ future price movements, bolstered by the expectation of a bull cycle continuation in 2025.
Meanwhile, investors’ sentiment is frequently bolstered by the positive or expanded offerings of prominent crypto exchanges such as Binance. However, the extended offerings are preparing the cryptocurrencies for a potential rally in the future.
How are the meme coins performing?
Today, the price of DOGE increased by 1% and was trading at $0.3382 in conjunction with Binance’s announcement. The 24-hour low and high of the coin were $0.3351 and $0.3442, respectively. It is important to note that the token’s weekly chart demonstrated gains of 7%.
Concurrently, the price of SHIB increased by 2.5% intraday and is currently trading at $0.00002278. The 24-hour low and high of the coin were $0.00002215 and $0.00002294, respectively. It is intriguing that the weekly chart of the Shiba Inu also showed gains of 5%.
Finally, the most recent PEPE price indicated a 0.5% increase to $0.00002026. The 24-hour low and high of the coin were $0.00002008 and $0.00002113, respectively. The weekly chart of the meme coin with a frog theme showed gains of 14%.
In general, market observers anticipate that the assets will experience additional gains primarily due to the improved trade offerings of Binance. Additionally, the crypto exchange achieved significant regulatory approval in Brazil, which is yet another remarkable story. In general, the foremost cryptocurrency exchange is bolstering its position in the industry by expanding into emerging markets and providing innovative trade offerings on a global scale.
