Binance bolsters the meme coin frenzy by adding DOGE, PEPE, and SHIB trading pairs, igniting market enthusiasm amid price surges. By Rupam Roy 1 hour ago
Story Highlights
- Binance expands support for meme coins like DOGE, PEPE, and SHIB.
- New trading pairs and bot services were introduced, enhancing trading options.
- The meme coins have been among the top performers in the last seven days.
In a thrilling move, Binance, the leading cryptocurrency exchange, has amplified the frenzy surrounding meme coins by introducing new trading pairs for popular tokens like Dogecoin (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB), among others. Meanwhile, this decision comes amid a recent surge in the prices of meme coins, indicating a robust investor sentiment in this niche market.
Binance Expands Support For DOGE, SHIB, PEPE, And Others
Binance, renowned for its agility in responding to market trends, has once again captured headlines by extending its support for meme coins. With the recent announcement of new trading pairs and trading bot services, Binance is tapping into the growing demand for meme coins among traders worldwide.
Meanwhile, the exchange said in a recent announcement, that it would introduce DOGE/USDC, PEPE/USDC, SHIB/USDC, AGIX/FDUSD, AR/TRY, and THETA/FDUSD trading pairs, effective March 7, 2024, at 08:00 (UTC). In addition, Binance will offer trading bot services for selected pairs, further enhancing trading flexibility for users.
Notably, this strategic move by Binance aligns with the escalating interest in meme coins, as evidenced by their recent price surges. Dogecoin, Pepe Coin, dogwifhat (WIF), and Shiba Inu, among others, have emerged as top performers over the past week, reflecting the growing confidence of investors in this unconventional asset class.
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Market Enthusiasm Surges
Binance’s announcement has reignited optimism among investors, with many anticipating a fresh surge in meme coin prices. The inclusion of DOGE, PEPE, and SHIB in the crypto exchange’s trading pairs portfolio signals the exchange’s recognition of the significant role these tokens play in the crypto market.
Meanwhile, the decision to introduce trading bot services for selected pairs underscores Binance’s commitment to providing innovative trading solutions to its users. This move is likely to attract both seasoned traders and newcomers, further fueling the momentum behind meme coins.
With Binance’s continued support and the heightened interest in meme coins, the stage is set for an exhilarating period of trading activity.
However, despite a recent dip in Dogecoin and Shiba Inu today, the Pepe Coin price soared nearly 3%, suggesting the strong confidence of the investors towards the meme coin segment. Besides, over the last seven days, the Shiba Inu price has added over 222%, while the Dogecoin price noted a surge of around 70%.