There was a stir in the crypto market when Binance included Moodeng (Moodeng) in its new project ‘Binance Alpha’. As soon as this news is revealed Moodeng prices rose rapidlyWhile the rest of the MemeCoin Marketplace is seen to be lethargic.
What is binance alpha?
Binance Alpha, is a new crypto token project launched by Binance that includes tokens that are either becoming increasingly popular or have high trading volumes and attention on social media.
The purpose of this project is to identify emerging promising cash and promote them on the platform. On May 11, Binance informed about adding Moodeng to Binance Alpha on its official X (first Twitter) handle.
Moodeng prices boom rise
On May 12, according to Korea Same Old Week, the price of Moodeng (Moodeng) reached $ 0.2690 by 10:26 am (Indian time 6:56 AM), which is a tremendous increase of 111.76%. This lead is directly related to listing in Binance Alpha Challenge.
As soon as this news came, a huge discussion started between Crypto investors and traders about Moodeng and this token started trending on social media. On the other hand, Dogecoin, Shiba Inu and other old memecoins saw a decline or stability.
Binance Alpha: Game Changer for MemeCoins?
Binance Alpha, which is the world’s largest crypto exchange Binance The new token project of is, now gradually showing impact in the Crypto Market. Under this, the tokons listed get fast volumes, social trends and high trading attention, which can lead the prices to be elevated. Binance added Moodeng to Binance Alpha Challenge on 11 May. Soon after, there was heavy purchases in these tookons.
Will there be faster even further?
Trends in the Crypto market change quite quickly, but it is clear that the listing of Binance Alpha is coming up as a big opportunity for any memecoins. If trading volumes and investors interest remains in these tookons, then it is possible to faster in the coming days.
Conclusion
Moodeng has proved that the listing of large exchange like Binance can change the fate of MemeCoin at the right time. While old players like DOGE and Shiba are slowly running, new Memecoins are getting new flights from platforms like Binance Alpha. It will now be seen how long this bounce lasts.
Listing in Moodeng’s Binance Alpha has proved that any Memecoin with a strong exchange support can come into the discussion overnight. It has not only caught the attention of traders, but has also filled a new energy in MemeCoin Branch.
Also read:What is Bitkub and why it is special, know its specialty
