Many blockchain projects enter the market every day, but not all of them make it to the lists of the world’s most important trading platforms. The reason is that these brokers have certain requirements to include tokens on their platforms.
Binance is the largest cryptocurrency exchange, and the appearance of a new altcoin on it can significantly affect the further development of the startup. Adding assets plays a fundamental role on the platform. While Binance is the largest token exchange ecosystem, it also needs to post new products from time to time to outperform competitors like Coinbase and Kraken.
Given that meme tokens are particularly popular in 2023, analysts believe that new assets from this niche could be the next to list on Binance. It is worth paying attention to the cryptocurrencies that are likely to appear on the leading exchange next year.
On what principle new coins get into the listings of Binance
The exchange’s catalog never stops growing, and the posted tokens become the most sought-after assets for diversifying portfolios. To know which coins will be added soon, an investor does not even need to register on the platform. It is enough to go to the website and open the “New Cryptocurrency Listings” section.
Speaking about the tokens that Binance accepts, it is necessary to take into account that the platform imposes certain conditions. Nevertheless, any team can fill out a questionnaire in order to add their cryptocurrency to this platform.
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According to the exchange, projects are evaluated on 3 points: the reliability of the development team, the usefulness of the token, and the presence of a large community.
This means that both recently released coins (such as Meme Kombat) and those that have been sold on other platforms for some time (such as WSM) can get listed on Binance. The Shiba Inu cryptocurrency was created in August 2020, but the exchange didn’t add it until May 2021. This meme token made it to the lists of digital assets with the highest market capitalization, so Binance’s management could ignore SHIB. Moreover, after listing, the token went up in price by 164%.
Another meme coin, Pepe Coin (PEPE), appeared on this trading platform a month after its creation. After its announcement on Binance, the token rose more than 8000% in a matter of days.
Meme cryptocurrencies with prospects of getting listed on Binance
Meme Kombat, Wall Street Memes, and SPONGE are projects that have managed to establish themselves in the digital space. All of the coins are community-oriented and have different uses. For these and many other reasons, analysts predict that these startups will soon appear on Binance:
- Meme Kombat, a pre-sale stage project that unites all memes for “battles” in the arena. So far, $1.9 million has been raised, and the altcoin is selling at a discounted price of $0.205.
- Wall Street Memes is a meme token with a large online presence and over a million followers on social media. Ilon Musk mentioned this project on his channel.
- SPONGE – a meme token based on the famous cartoon “SpongeBob SquarePants”. The token has reached a market capitalization of $40 million in a matter of days.
Meme Kombat
The developers behind the Meme Kombat (MK) crypto project offer a new perspective on the meme coin industry. The creators have decided to bring them together and have “battles”.
Users have many options to participate in this gaming ecosystem. Investors can bet on the battles – for example, on the outcome or a certain key aspect of the fight. Another option is additional passive income through staking. To do this, you need to place your own token of the MK project.
The first season of Meme Kombat features 11 of the most famous memes, including Pepe, Pepe 2, Milady, Kishu, Mong, Shiba, Sponge and Wojack. Copies of the meme tokens are created using artificial intelligence algorithms that preserve the characters’ original traits and attributes. More memes and fighting styles will be added in the second season.
The pre-sale has raised nearly $2 million. The coin is currently priced at $0.205, but several milestones will see MK priced at $0.279 by the end of the pre-sale.
Project Features:
- The founders have established themselves in the crypto community, something Binance can look favorably on.
- The staking reward has risen to 799% APY.
- Viewers have multiple ways to place bets, increasing the likelihood of winning and claiming prizes.
Wall Street Memes
The WSM token is one of the potential contenders for listing on the Binance platform. Before launching on multiple exchanges, the project had one of the best pre-sales in 2023, raising over $25 million from early investors.
Wall Street Memes is one of the largest meme coins in terms of market capitalization. Moreover, the project is backed by a strong community across several social media platforms with nearly one million members.
Previously, WSM was a meme token with no utility. However, the team introduced coin steaking and then made it the main digital currency of the new GameFi platform. There are over 500 million tokens locked in the pool, signaling huge investor confidence in the potential future of the asset.
While Binance’s listing is yet to be confirmed, the world’s largest cryptocurrency exchange will surely be keeping an eye on the performance of Wall Street Memes. The token has a trading volume of over $42 million.
Project Benefits:
- Offers a 40% staking reward.
- Launched a gaming platform with a 200% welcome bonus.
- Introduced token burning mechanism, which may favorably affect the future price of WSM.
SPONGE.
The meme token was created as an homage to the cartoon character SpongeBob SquarePants, although it has nothing to do with Nickelodeon. SPONGE is now traded on several exchanges including Bitget, MEXC, Gate.io and Poloniex.
Four days after its official launch on the decentralized platform Uniswap, early investors’ profits exceeded 2000%. SPONGE is currently growing a bit slower than it did at the beginning of its development, but continues to close the days in the plus side. The current price of the coin is $0.000513, up 13% over the day.
The token went up in price after the news about the introduction of the steaking mechanism. This feature offers all SPONGE holders a way to get paid with their digital asset. The timing for the introduction of the steaking service was well chosen, as it coincides with the growth of the entire meme cryptocurrency sector.
Additional pros:
- SPONGE’s price has risen strongly from its all-time low, making the token promising for listing on Binance.
- Holders of the asset can earn a 330% annualized return.
- The introduction of staking will attract new investors, which will help drive the price up.
Why tracking potential listings on Binance is important for investors
Getting listed on a platform like Binance is a step towards greater recognition and popularization of the cryptocurrency. Once a token starts being listed on Binance, millions of active users realize that this is a project with serious potential.
In general, there are many reasons why investors buy tokens recently added to Binance. The main one is the high growth potential of the coin after listing. When an exchange publishes a crypto project, it is often still in the early stages of development.
Due to the fact that this platform has the largest daily trading volume, the coins listed on it reach a huge audience. For example, at the time of writing, the 24-hour trading volume on Binance was $11 billion.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
