Binance, the leading cryptocurrency exchange regarding trade volume, has recently made an exciting announcement. The platform has expanded its list of loanable assets to include several new cryptocurrencies. Among the projects added to the list are Alchemix (ALCX), IDEX, Immutable (IMX), Liquidity (LQTY), Perpetual Protocol (PERP), Request (REQ), Rocket Protocol (RPL), and Wing Finance (WING). This move is a testament to Binance’s commitment to providing its users with diverse investment options. As always, the exchange remains dedicated to maintaining the highest security and reliability standards.
The recent addition of meme coins Pepe (PEPE) and Floki (FLOKI) to the list of loanable assets has garnered significant attention from the crypto community. This development has sparked anticipation of a potential price rally for both coins. Such a move highlights the growing interest in alternative digital assets and their potential for investment opportunities.
According to the latest update from CoinMarketCap, PEPE has yet to experience a surge in value. The meme-inspired cryptocurrency is currently traded at $0.000001968, following a 10% drop in price within the last 24 hours. Despite this setback, PEPE’s weekly performance remains impressive, with a 56.95% increase over the past seven days.
The recent 24-hour price drop of the coin has weakened its position against the market leaders, Bitcoin (BTC) and Ethereum (ETH), by approximately 9.90% and 10.29%, respectively. However, amidst this downturn, the 24-hour trading volume of PEPE has witnessed a commendable increase of 19.12%, reaching a noteworthy $1,125,786,285.
Unfortunately, FLOKI experienced a 2.50% decline in value over the past day, currently trading at $0.0000357. Despite this setback, FLOKI’s weekly performance remains positive, boasting a 12% increase at present.
The decline in value of the meme coin has led to its underperformance compared to BTC and ETH, with a difference of approximately 1.92% and 2.44%, respectively. Furthermore, FLOKI’s market capitalization currently stands at $346,334,387, placing it as the 98th largest cryptocurrency in market capitalization.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
