Binance itemizing sparks positive factors for COW and CETUS tokens

• COW and CETUS tokens spiked after Binance added assist for spot buying and selling.
• Positive factors additionally got here as  Bitcoin led crypto costs increased amid markets bounce on Donald Trump election victory.

The value 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 affords a completely permissionless buying and selling and automatic market maker. However, Cetus Protocol is a pioneer decentralized trade and concentrated liquidity protocol on Sui and Aptos blockchains.

Binance lists COW and CETUS

COW and CETUS have 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 increased, it’s Binance’s announcement that the trade will record COW and CETUS that doubtless catapulted costs increased. Based on Binance, spot buying and selling for the 2 cash will go reside at 12:00 UTC.

Binance Will Listing @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 each 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 more likely to witness wild volatility. That is notable given the market circumstances and the potential for some merchants to hunt income.

Nonetheless, with Trump’s win, specialists say crypto might but go parabolic.