Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

ALT Coin Explodes 5,380% from $0.006 to $0.3288 on Binance: Details

Published 01/25/2024, 09:44 PM
Updated 01/25/2024, 09:45 PM
ALT Coin Explodes 5,380% from $0.006 to $0.3288 on Binance: Details

  • The ALT token opened for trading at $0.006 and surged 5,380% to $0.3288 in minutes.

  • This came after a six-day farming schedule offering 500,000,000 tokens in airdrop.

  • Binance has added ALT to its Simple Earn and Convert services, with Margin, Futures, and Auto-Invest to come after.

AltLayer (ALT), a decentralized protocol designed for rollups, has experienced substantial growth on the Binance trading platform shortly after becoming available for trading. Data from the Binance trading platform suggested that the ALT token opened for trading at $0.006. However, following a trading volume of $43.78 million, the asset grew explosively to $0.286 in under one minute.

Later, ALT peaked at $0.3288 within 30 minutes of going live. In other words, AltLayer’s native asset has surged by 5,380% on the Binance trading outlet since becoming tradable in the past few hours. At press time, ALT trades at $0.29057.

AltLayer (ALT) market chart | Binance

Notably, ALT went live on Binance after the termination of the six-day farming schedule that started last Friday. The schedule allowed crypto market participants to stake their BNB and FDUSD tokens in separate pools to f…

The post ALT Coin Explodes 5,380% from $0.006 to $0.3288 on Binance: Details appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.