Binance Adds 6 New Trading Pairs for HIVE, IDEX, & TLM: Prices Surge by 14%
Binance, the world’s largest cryptocurrency exchange, has added six new trading pairs for HIVE, IDEX, and TLM tokens, boosting liquidity and market accessibility.
These pairs—HIVE/FDUSD, HIVE/USDC, IDEX/FDUSD, IDEX/USDC, TLM/FDUSD, and TLM/USDC—will be live on December 13, 2024, at 8:00 UTC.
In addition to the trading pairs, Binance has launched promotional incentives to encourage participation. A prize pool of 100,000 USDC will be distributed among eligible participants, alongside zero fees for USDC spot trading. Trading bots have also been integrated, offering automated solutions to improve user experience and facilitate seamless trading.
This move underlines Binance’s influence in the crypto market. By enhancing liquidity and accessibility for these tokens, Binance positions itself as a catalyst for market activity and price momentum.
HIVE, IDEX, and TLM Prices Spike
Following Binance’s announcement, HIVE, IDEX, and TLM recorded significant price rallies, reflecting strong investor interest:
HIVE: Surged 14% to $0.34, reaching a 24-hour high of $0.3556. The token has gained 65% over the last month despite a slight dip in trading volume, now at $51 million.
IDEX: Climbed 5% to $0.074, with trading volume up 25% to $67 million. Futures Open Interest for IDEX rose 13%, signaling increased confidence among traders.
TLM: Jumped 11% to $0.0191, hitting a high of $0.01992. Weekly gains reached 7%, with the token soaring over 70% in the past 30 days.
These price movements underscore the market’s reaction to Binance’s expanded offerings and the growing demand for these assets.
Cautious Optimism: What Lies Ahead?
The recent rallies for HIVE, IDEX, and TLM highlight Binance’s role in driving market activity and investor sentiment. However, traders should remain cautious given the volatile nature of cryptocurrencies.
Historical trends show that while new listings and expansions can lead to immediate price surges, these gains are not always sustainable. For instance, Binance’s recent listing of the ME token led to a 25% price spike, followed by an 80% crash.
Nonetheless, the increased availability of trading pairs and liquidity for HIVE, IDEX, and TLM may sustain investor interest, potentially driving further price appreciation in the short term.
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