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Binance, positioned as the world’s largest exchange by volume, announced on Wednesday that new trading pairs and trading bots will be launched on Binance Spot. Specifically, Binance aims to expand the trading opportunities and potential trading pool for trending cryptocurrencies such as BONK and 1000SATS. Binance users will be able to benefit from the new trading pairs and trading bots starting from December 21 at 08:00 UTC.
Binance’s Move with BONK and 1000SATS
Binance made an official announcement on December 20. According to the announcement, BONK/USDT spot grid, spot DCA, and rebalancing bot will be added. With this latest move, Binance will add another service for users who believe that the price of BONK will continue to rise.
Additionally, Binance made another announcement. According to the announcement, 1000SATS/USDT trading will also take place in spot grids, spot DCA, and the rebalancing bot. Developments are also happening on the 1000SATS front. It appears that 1000SATS is increasing its strength with large trading volumes in the crypto market.
Binance had recently listed Bonk and BRC-20 Sats (1000SATS) in response to user requests.
Furthermore, the cryptocurrency exchange announced that trading for the BLZ/FDUSD, RARE/TRY, and VANRY/TRY spot pairs would commence on Thursday. Even more noteworthy is that the BLZ/FDUSD spot pair will have a zero maker fee policy.
Binance also made another move. On Wednesday, Binance added BONK to its Earn platform, allowing rewards to be earned in Simple Earn, ETH Staking, Dual Investment, and other services.
Selling Pressure on BONK and 1000SATS
The prices of 1000SATS and BONK continue to be under pressure as investors realize their high profits before the Christmas holiday. Nevertheless, investors maintain their expectations that prices will be at a higher level by the end of the year.
Looking at the BONK price, it has dropped by over 4% in the last 24 hours, currently finding buyers at the $0.00001812 level. The lowest and highest prices in the 24-hour price movement were $0.0000176 and $0.0000216, respectively. Additionally, there was a 40% decrease in the 24-hour trading volume.
The price of 1000SATS, after a 60% increase last week, has experienced a 9% decrease. The price has retreated to $0.000685 in the last 24 hours and is trading at $0.000701 at the time of writing.
