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Three low-cap altcoins are rallying on Wednesday after Binance, the world’s largest crypto exchange by trading volume, announced support for them.
According to a new announcement from Binance, futures contracts for COOKIE, the utility token for MarketingFi ecosystem Cookie DAO, will be available on the exchange, along with contracts for artificial intelligence (AI) project Alchemist AI (ALCH) and AI agent-related project Swarms (SWARMS).
Amid the listing news, COOKIE’s price shot up by double percentage points.
COOKIE is trading for $0.64 at time of writing, up 11.1% in the last 24 hours. With a market cap of $185.8 million, COOKIE is the 413th largest crypto project.
Alchemist AI is up more than 34%, priced at $0.22 at time of writing. With a market cap of $190.8 million, the Solana (SOL)-based altcoin project is the 404th largest crypto project.
Finally, Swarms rallied on Tuesday to an all-time high of $0.60 before retracing. Swarms is trading for $0.46 at time of writing, up marginally in the last 24 hours.
With a market cap of $467.5 million, the Solana-based altcoin is the 213th largest crypto project.
Binance says the maximum funding rate of each of the three perpetual contracts is +2%/-2% and that the funding fee settlement occurs every four hours.
It is yet to be seen whether Binance will list the three altcoins for spot trading in the future.
“A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot,” the exchange notes.
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