On September 30, 2024, Binance revealed its intention to list the new cryptocurrency token EigenLayer (EIGEN), joining a significant lineup of exchanges offering trading support for the Ethereum restaking initiative.
At the same time, the crypto venture Bitcoin Dogs – which has recently been added to major exchanges – is seeking to enhance its market presence. This development comes as market participants speculate about the possibility of Binance or other exchanges listing 0DOG.
EigenLayer (EIGEN) to be listed on Binance
In its announcement, Binance confirmed the addition of EigenLayer (EIGEN) token for spot trading beginning October 1, 2024, at 05:00 UTC. Anticipated trading pairs include Bitcoin, USDT, FDUSD, and the Turkish Lira, specifically EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY.
Once trading commences, withdrawals will be permitted from 05:00 UTC on October 2, 2024. In addition to Binance, other exchanges enhancing support for EigenLayer are Coinbase and BitMart, with Coinbase including EigenLayer in its listing roadmap announced last week.
The EIGEN community is filled with anticipation as the native token of the Ethereum restaking protocol makes its debut on major exchanges. The listing of EIGEN, particularly on Binance and other prominent platforms, is expected to boost the project’s visibility and accessibility.
Typically, a surge in demand has propelled such tokens to outperform the broader market, with many Binance-listed tokens in 2024 exceeding Bitcoin’s performance.
EigenLayer might experience similar traction, especially following the announcement of relaxed transfer restrictions on EIGEN. After months of non-transferability post-initial distributions, tokens will be available for trading starting on September 30, 2024.
Bitcoin Dogs: Is a major exchange listing on the horizon?
This year has witnessed one of the most significant token launches with Bitcoin Dogs (0DOG). The project, which pioneered the BRC-20 ICO on Bitcoin, achieved a remarkable $13.4 million during its presale.
With increased interest during the presale amidst the spotlight on Bitcoin and the emerging layer 2 ecosystem, Bitcoin Dogs quickly established its identity around gaming and NFTs.
The roadmap details various milestones to achieve this objective, such as the introduction of 10,000 Ordinals NFTs and expanding its GameFi initiatives in the growing tap-to-earn economy.
Recently, Bitcoin Dogs was launched on key cryptocurrency exchanges such as Gate.io, MEXC, and Uniswap. However, the community is buzzing with speculation about a potential listing on Binance and other exchanges.
Is now a prudent time to invest in 0DOG?
Numerous meme coins and tokens from the tap-to-earn economy, like Catizen, Hamster Kombat, and Dogs have seen price increases and boosted visibility alongside such exchange listings. Although Binance has yet to announce a listing for 0DOG, the long-term perspective in the space remains optimistic, suggesting that a strong project will naturally draw users and eventually gain listing on major exchanges.
Additionally, Bitcoin Dogs is gaining traction after its recent burn of 100 million 0DOG tokens.
You Barked…We Burnt
Dawgz we heard you, you barked and we burnt 100 MILLION #0DOG tokens!
But this is just the start – stay tuned for more EXCITING updates!
— BitcoinDogsClub (@BitcoinDogsClub) September 25, 2024
There is also a reward pool of 2 million 0DOG. Holders can engage with the 0DOG-ETH liquidity pool, stake their assets, and begin earning LP tokens. The initial APY was set at 1000% and currently hovers around 440%, with rewards distributed daily.
Amidst potential price movements, current price points around $0.006 could present a favorable entry opportunity. Nevertheless, 0DOG has encountered challenges in recent weeks and may face additional declines. Bitcoin’s recent dip below $66k adds to the prevailing market weakness.
Discover more about Bitcoin Dogs here.
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