Are Binance and OKX Fueling a Low-Cap Frenzy? What’s Next for CAT, NEIRO, SUNDOG?
The post Are Binance and OKX Fueling a Low-Cap Frenzy? What’s Next for CAT, NEIRO, SUNDOG? appeared first on Coinpedia Fintech News
Binance and OKX are making waves by listing more low-cap cryptocurrencies on their perpetual contracts, sparking a surge in trading volume and profits. This strategy hints at major opportunities for traders as these exchanges tap into the growing buzz around smaller tokens. Tokens like CAT, NEIRO, and SUNDOG are at the center of this trend. But what does this mean for potential gains and risks?
Listing Of Low-Cap Tokens On Exchanges
According to crypto investor VirtualBacon, Binance and OKX are actively listing more low-cap tokens on their perpetual contracts. This move is designed to capitalize on the increased trading volume and the associated profits.
Binance and OKX are listing more low caps on perps and profiting on the volume. These can still be frontrun relatively easy. $cat and $neiro are recent examples. I bought $sundog at $0.2 for a potential target, high volume and heavy push from Tron. Don’t fade Justin Sun
— VirtualBacon
(@VirtualBacon0x) September 7, 2024
Meanwhile, low-cap tokens, which typically have smaller market capitalizations, are seeing a surge in trading activity, which can create opportunities for savvy traders. Recent examples include CAT and NEIRO, which have gained traction thanks to their inclusion in perpetual trading on these major exchanges.
However, the increased volume and heightened activity around these tokens highlight their potential for quick gains.
Spotlight on SUNDOG
One token that has recently caught the eye of VirtualBacon is SUNDOG, currently trading at $0.24. This token has caught attention due to its high trading volume and strong backing from Tron’s founder Justin Sun.
The expectation is for SUNDOG to potentially reach higher targets, driven by significant support and promotional efforts from Tron’s ecosystem. VirtualBacon’s investment strategy highlights the potential of low-cap tokens, especially those with backing from influential figures or platforms like Justin Sun.
Strategic Considerations
The key takeaway from VirtualBacon’s tweet is the ongoing opportunity in low-cap tokens, particularly those getting listed on major exchanges. As Binance and OKX continue to expand their offerings, these smaller tokens could see increased trading volumes and price swings.
