Yesterday, Binance, the crypto exchange with the highest trading volume worldwide, added trading support for three low-market cap altcoins. These altcoins attracted the attention of investors in a short time and significant increases were observed in their prices.
Increases Compared to Market Values
CGPT, ChainGPT’s native asset, gained nearly 105% between Thursday and Friday, as part of the Web3 artificial intelligence (AI) infrastructure project. CGPT, ranked 301st, rose from $0.2 to $0.41 in the 24-hour period and is currently trading at $0.346.
Binance’s Seed Tag Application
Developed by Virtuals Protocol, AIXBT recorded a 50% increase, rising from $0.385 to $0.578 in 24 hours. It is currently trading at $0.477. Additionally, COOKIE, the native token of Cookie DAO, which provides an index and data layer for AI agents, surged 61% in 24 hours from $0.449 to $0.725 and is currently trading at $0.557.
Investor Security
Binance added seed tags to these three assets. The seed tag indicates projects that are attached to low-liquidity projects and may exhibit higher volatility than other listed tokens. Binance requires users who want to trade assets with seed tags to pass an exam every 90 days to ensure they are aware of the risks.
Investors should remember that low-liquid assets carry high risk and their prices can change quickly. Seed tag application aims to help investors make informed decisions.
These developments affected Binance’s market dynamics and caused investors to turn to different altcoins. Market participants began to evaluate the new opportunities offered by Binance.
Such movements in the crypto market require investors to be careful and follow market trends closely. In periods of high volatility, investing with the right strategies becomes important.
Investors can make more informed decisions by being informed about Binance’s seed tag policy and the potential risks of low-liquidity assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
