🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Binance introduces Memecoin trading, despite recent price drop

EditorRachael Rajan
Published 11/03/2023, 09:44 PM
MEME
-

Binance, a leading cryptocurrency exchange platform, is listing Memecoin ($MEME), an ERC-20 token from Memeland by 9GAG, today. This follows the successful launch of the token on the Binance Launchpool. The introduction of Memecoin to the platform is expected to enhance its visibility and leverage the community around Memeland and 9GAG.

The exchange will support various trading pairs for Memecoin, including BNB, BTC, USDT, FDUSD, TUSD, TRY. In addition, Binance plans to enable Trading Bots services for the MEME/USDT pair within 48 hours of trading initiation and offers zero maker fees on certain pairs until further notice. Binance Futures will also launch the USDⓈ-M MEME Perpetual Contract with up to 50 times leverage.

Memecoin aims to integrate NFTs, gaming, and the metaverse into its ecosystem. Despite recent advancements, MEME has experienced a 20% price drop over the past week and a 21% decrease in market cap, now standing at $186,677,418. However, the trading volume remains constant at $198,172,059 with the current MEME price at $0.02127.

Memeland had previously announced $10 million in commitments for the token sale and is planning Airdrops and FireSale for MEME to boost investor interest amidst the coin's volatility. The token is predicted to reach $0.1 from a firesale price of $0.001.

In related news, Memeinator (MMTR), an AI-powered meme coin project likened to Shiba Inu, Pepe, and Floki Inu is currently in presale with over $1.1 million raised so far. MMTR integrates a gaming platform and NFTs, offers staking to MMTR holders, and aims for a $1 billion market cap. Its current price of $0.0125 is set to rise to $0.049 during presale stages.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

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.