- COW and CETUS tokens spiked after Binance added help for spot buying and selling.
- Features additionally got here as Bitcoin led crypto costs larger amid markets bounce on Donald Trump election victory.
The worth of Cow Protocol (COW) and Cetus (CETUS) have spiked sharply up to now 24 hours after crypto trade Binanace made an enormous announcement.
Cow Protocol provides a completely permissionless buying and selling and automatic market maker. Then again, Cetus Protocol is a pioneer decentralized trade and concentrated liquidity protocol on Sui and Aptos blockchains.
Binance lists COW and CETUS
COW and CETUS had been up 76% and 85% respectively within the 24-hour interval because the broader crypto market celebrated Donald Trump’s win within the US election.
Whereas this bullish sentiment throughout the altcoin market helped the 2 tokens larger, it’s Binance’s announcement that the trade will record COW and CETUS that seemingly catapulted costs larger. In response to Binance, spot buying and selling for the 2 cash will go dwell at 12:00 UTC.
Binance Will Record @CoWSwap $COW and @CetusProtocol $CETUS with Seed Tag Appliedhttps://t.co/xbEtrGoxzZ pic.twitter.com/DgOyPT8fBV
— Binance (@binance) November 6, 2024
Market response to the information noticed each tokens explode, with Cow Protocol value rising to $0.47 and Cetus Protocol to $0.33.
Each day buying and selling quantity for CETUS jumped 1,236% to over $181 million. In the meantime, COW recorded a staggering 3,860% spike in day by day quantity, and was seeing about $13.7 million on the time of writing.
Binance has utilized the seed tag to the COW and CETUS tokens, indicating that the cryptocurrencies are prone to witness wild volatility. That is notable given the market situations and the potential for some merchants to hunt earnings.
Nonetheless, with Trump’s win, consultants say crypto might but go parabolic.
