CandleFocus Can traders trust Binance Alpha-launched projects? 41% of its projects tank
2024-12-23
Author: Content Editor
Binance Alpha, a feature within Binance's Web3 Wallet, has listed 29 new tokens in the past week. However, over 40% of the tokens have decreased in value, causing investors to question the worthiness of Binance Alpha projects. The tokens were categorized into six sectors, with AI agents, animal-themed memes, and DeFi being the most prominent. Solana memecoin Fartcoin, as well as DeFi tokens SYRUP and SD, have experienced a decrease in their Fully Diluted Valuation (FDV) values. Tokens with smaller market capitalizations have shown significant volatility. The analysis suggests that Binance Alpha's true potential might only be realized when the selected projects are listed on Binance's main spot market. Binance US is preparing to reintroduce US dollar services in early 2025, aiming to restore the platform's offerings in the US and solidify its position in the crypto market.
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