Pepe

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NEXT GEN PEPE

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Binance, a leading player in the <a href="https://coingape.com/glossary/Crypto-exchange-2/" target="_blank" rel="noopener noreferrer nofollow">crypto exchange</a> realm, has sparked a discussion with its recent announcement to expand support for several&nbsp;cryptocurrencies, including <a href="https://coingape.com/pepe-coin-hits-new-ath-smart-moneys-shift-250-5b-pepe-what-next/" target="_blank" rel="noopener noreferrer nofollow">Pepe Coin</a>, dogwifhat (WIF), and Worldcoin (WLD). Notably, this move gained notable traction from the crypto community, with speculations rife about the potential impact on the prices of these digital assets.
<h2 id="span-data-preserver-spaces-true-binance-boosts-support-for-pepe-coin-wif-wld-others-span">Binance Boosts Support For Pepe Coin, WIF, WLD, &amp; Others</h2>
In a bid to&nbsp;bolster altcoin trading, <a href="https://coingape.com/blog/binance-exchange-review/" target="_blank" rel="noopener noreferrer nofollow">Binance</a> has rolled out an enticing taker fee promotion for spot and margin trading pairs. Effective&nbsp;from&nbsp;May 21, 2024, users can avail of discounted taker fees on a diverse range of altcoin pairs, including PEPE/USDT, WIF/USDT, ENA/USDT, and WLD/USDT, among others.
Meanwhile,&nbsp;the introduction of&nbsp;this promotion underscores Binance’s commitment to fostering liquidity and activity across a broad spectrum of altcoins. By offering discounted taker fees, Binance aims to incentivize trading activities, potentially amplifying trading volumes and market participation for the supported cryptocurrencies.
In addition, this move also reflects Binance’s proactive approach to adapting to market dynamics and catering to the evolving needs of traders. By extending support for a diverse array of cryptocurrencies, Binance seeks to enrich its trading ecosystem, providing users with ample opportunities to explore and capitalize on emerging digital assets.
While the impact of Binance’s <a href="https://coingape.com/glossary/altcoins/" target="_blank" rel="noopener noreferrer nofollow">altcoin</a> promotion on the prices of supported cryptocurrencies remains speculative, such initiatives typically garner attention from traders and investors alike. Notably, positive market sentiment generated by these&nbsp;major&nbsp;crypto exchanges often translates into upward price movements for the associated assets.
Also Read: <a href="https://coingape.com/worldcoin-wld-price-tanks-10-amid-strong-whale-deposits-to-binance/" target="_blank" rel="noopener noreferrer nofollow">Worldcoin (WLD) Price Tanks 10% Amid Strong Whale Deposits to Binance</a>
<h2 id="span-data-preserver-spaces-true-how-s-the-cryptos-are-performing-span">How’s The Cryptos Are Performing?</h2>
As Binance&nbsp;continues to play&nbsp;a pivotal role in shaping the <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape, its support for a diverse range of altcoins could pave the way for enhanced market liquidity and innovation. The forthcoming weeks&nbsp;are expected&nbsp;to witness heightened activity as traders capitalize on the discounted taker fees, potentially leading to increased price volatility and trading opportunities across the supported altcoin pairs.
Notably, in its announcement, Binance has also said to expand its support for several other cryptos than the ones mentioned above. In the recent update, the crypto exchange stated:
<blockquote>
 Starting from 2024-05-21 00:00 (UTC) until further notice, all users will be eligible to enjoy discounted taker fees on the following spot and margin trading pairs.:
 PEPE/USDT, STRK/USDT, ENA/USDT, SUI/USDT, WIF/USDT, NEAR/USDT, OP/USDT, BONK/USDT, LTC/USDT, FET/USDT, ORDI/USDT, BCH/USDT, W/USDT, ARB/USDT, LINK/USDT, TIA/USDT, ETC/USDT, APT/USDT, RNDR/USDT, WLD/USDT.
</blockquote>
Meanwhile, following the announcement, the <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener noreferrer nofollow">Pepe Coin price</a> soared 18.14% and traded at $0.00001036, while its trading volume skyrocketed 304% to $2.62 billion. The WIF price soared over 3% to $3.01, while the ENA price fell more than 9% to $0.7384. Simultaneously, the <a href="https://coingape.com/price/worldcoin/" target="_blank" rel="noopener noreferrer nofollow">Wordlcoin price</a> plunged more than 10% to $5.16 despite&nbsp;the Binance announcement today.
Also Read: <a href="https://coingape.com/okx-unveils-australia-expansion-adds-btc-eth-sol-trading-options/" target="_blank" rel="noopener noreferrer nofollow">OKX Unveils Australia Expansion, Adds BTC, ETH, SOL Trading Options</a>
The post <a href="https://coingape.com/binance-extends-backing-for-pepe-wif-ena-wld-others-price-rally-ahead/" rel="noopener noreferrer nofollow">Binance Extends Backing For PEPE, WIF, ENA, WLD &amp; Others, Price Rally Ahead?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Binance Extends Backing For PEPE, WIF, ENA, WLD & Others, Price Rally Ahead?

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