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Cryptocurrency News Articles
EigenLayer (EIGEN) to List on Binance, Bitcoin Dogs (0DOG) May Be Next
Sep 30, 2024 at 08:08 pm
Binance announced on September 30, 2024 that it will list new crypto token EigenLayer (EIGEN), adding to a notable list of cryptocurrency exchanges
Binance announced on Friday the listing of EigenLayer (EIGEN) for spot trading, to be enabled on September 30.
The EIGEN token will be available against Bitcoin, USDT, DFUSD and the Turkish Lira. Specifically, trading pairs with a Tag will be EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY.
Binance went on to state that it will open withdrawals for EIGEN at 05:00 UTC on October 2.
EigenLayer is a protocol that enables users to restake their ETH, to earn rewards on top of those already offered by ETH staking. It does this by introducing a new layer of security to the Ethereum network.
The protocol is designed to be trustless, decentralized and permissionless. It also aims to be highly scalable and efficient.
The addition of the EIGEN token to Binance’s listing roadmap follows an announcement by Coinbase last week, that it had added EigenLayer to its own roadmap.
Anticipation is high within the EIGEN community over the listing of the Ethereum restaking protocol’s native token on major cryptocurrency exchanges.
This is due to the fact that EIGEN listing, particularly on Binance and other global exchanges, adds to overall project visibility and accessibility.
A surge in demand has often seen such tokens outperforming the broader market, with several Binance-listed tokens in 2024 outpacing BTC.
EigenLayer may see such a traction, especially after the project announced a lift on transfer restrictions for EIGEN.
After months of non-transferability for the coins following earlier distributions, tokens will be available for trading starting September 30.
Bitcoin Dogs: Is a major exchange listing next?
One of the biggest token launches of the year so far was that of Bitcoin Dogs (0DOG). The project which pioneered the BRC-20 ICO on Bitcoin, stormed to a $13.4 million presale.
Getting traction during the presale with attention on Bitcoin and the emergent layer 2 ecosystem, Bitcoin Dogs’ main selling point quickly cemented around gaming and NFTs.
The roadmap highlights various milestones towards this goal, including the launch of 10k Ordinals NFTs and expansion of its GameFi presence by tapping into the popular tap-to-earn economy.
Recently, Bitcoin Dogs went live in the market, launching on major cryptocurrency exchanges Gate.io, MEXC and Uniswap. But the community is rife with speculation that this P2E related crypto project could be listed on Binance and other exchanges.
Is it a good time to buy 0DOG?
Several meme coins and tap-to-earn economy coins, including Catizen, Hamster Kombat and Dogs have spiked in price and industry visibility with such listing activity.
While Binance has not indicated it will list 0DOG, the long-term view across the space is positive. This view is that a great project will attract users and eventually top exchanges.
Meanwhile, Bitcoin Dogs is also attracting interest after its recent 100 million 0DOG burn.
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