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Despite the overall negative sentiment in the market, cryptocurrency exchanges are looking to the future with optimism. Binance has announced a new cryptocurrency listing, indicating potential excitement for altcoins. Many experts predict that we may witness a period similar to 2021 for altcoins before the end of this year. Time will tell if they are correct, but exchanges are preparing for the possibility of positive outcomes.
Exciting Cryptocurrency Listing Announcement
Binance recently revealed the listing of WAL (Walrus) for futures trading. The listing will take place today, allowing leverage of up to 25x. Walrus is a decentralized data storage and application development platform. It competes in a space similar to Filecoin, but the competition is not as intense. Its popularity could soar, especially if it can deliver AI-supported capabilities.
Currently, the newly listed altcoin is fluctuating between $0.35 and $0.45 on centralized exchanges. As Binance’s listing goes live, the trading volume for futures may increase, leading to heightened volatility, which could result in sudden price movements in either direction for traders.
To avoid purchasing the wrong token due to name similarities, be sure to double-check the contract address. The Binance listing is scheduled for 18:30 Turkey time.
