HBAR, OM, and APE Grab the Spotlight as Binance Unveils Expanded Trading Pairs and Spot Algo Services

Launching November 22, the announcement has market watchers eyeing a rally despite recent turbulence in token prices.

Binance, the leading cryptocurrency exchange, is adding new trading pairs and launching its Spot Algo services for select crypto pairs on November 22.

The new trading pairs that will be available from 08:00 UTC include APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD.

At the same time, the exchange will be enabling Spot Algo orders for the following pairs: APE/FDUSD, FDUSD/USDC, HBAR/USDC, OM/USDC, RAY/USDC, TAO/USDC, and TURBO/FDUSD.

Notably, there will still be zero fees for users while trading the FDUSD/USDC pair. These enhanced trading offerings are bound to spark more market interest in the assets, opening the door to even more growth.

As the launch of the improved trade products takes place, there were several price movements among the six tokens despite the positive announcement.

Trading at $1.08, ApeCoin (APE) saw a 4% price decrease intraday. The coin’s 24-hour low stood at $1.08, while its high reached $1.15 at the time of writing.

Meanwhile, Hedera (HBAR) saw a 15% price decrease intraday, reaching $0.1231. The coin traded between $0.1177 to $0.1485 within the day. Interestingly, the token’s weekly chart showed gains of 113%, as noted by Coingape.

Optimism is high due to the rumors surrounding Hedera board member Brian Brooks’ potential appointment as chairman of the US SEC.

Despite the announcement, MANTRA (OM) saw a 5% price decrease and now trades at $3.96. Within a day, the coin’s price saw lows of $3.81 and highs of $4.39. Additionally, OM’s price saw gains of 176% on the weekly.

In a similar vein, Raydium (RAY) saw gains of 23% weekly and 4% intraday, finally landing at $5.50. It peaked at $5.79 and hit a 24-hour low of $5.20.

However, Bittensor (TAO) saw a 4% price decrease within the last 24 hours, and now trades at $475.86. The coin saw lows of $461.77 and highs of $501.58 within a day.

Finally, Turbo (TURBO) saw a 6% price decrease within the last 24 hours. Within a day, the coin’s price saw lows of $0.008054 and highs of $0.008823.

Despite their poor performances, market observers are keeping an eye on the tokens as Binance’s improved offers often leave a positive impact on the crypto. Notably, the prices of ApeCoin (BAN) and Akash Network (AKT) skyrocketed after they listed their futures on the same platform.

Previously, the prices of PNUT and ACT saw significant simultaneous increases after they were both listed on the same exchange before. These historical accounts give rise to substantial hope for the future price movements of the coins described.

However, it’s important to note that market observers are still left in the dark regarding what the future truly holds, especially given the largely unpredictable nature of the cryptocurrency domain.