Binance Listing Probability Made That Altcoin Jump!

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Narratives and hype in the cryptocurrency market have the potential for significant impact. Even some rumors can spark altcoin prices up or down. Today, a rumor pushed an altcoin north. Crypto analysis firm Layeregg shared a weekly token narrative list. Here he talked about the possibility of Ronin Network’s native token RON being listed on Binance. This is how the story began…

Binance rumor sparked RON price!

cryptokoin.comAs you follow from , the market is trying to heal its wounds after the last decline. While some tokens are gaining momentum, some are taking heavy blows due to the news. Today, crypto analytics company Layeregg shared the “Weekly Token + Narrative Watchlist”. Accordingly, the list included narratives about the following altcoin projects:

  • RON: Daily Active User ~700K + Binance Listing Probability (similar to BONK’s Coinbase scenario)
  • PENDLE: 1 EIGEN-Beta + LRT pool Flywheel (EtherFi, KelpDAO) + TVL Uptrend (>$500 million)
  • XVS: XVS Emissions Reduction Proposal Approval + Deploying to Ethereum Soon.
  • BLUR: NFT Volume Uptrend + Opensea M&A Beneficiary + Blast-Beta.
  • BOTTOM: Jump Crypto Portfolio + New coin + Retaken Rollup (Eigen-Beta)
  • CFX: China + DePIN + BRC-20 Explanation. (PBoC lowered RRR by 50bps + BSIM Card + EVM Compatible BTC L2)
  • SD: EigenBoost 2.0 (EIGEN score + 100K Kelp Miles) + low market cap compared to TVL ($300 million)
  • RBX: STRK launch rumors. RabbitX is a Stark-Beta (Eco grants) + OKX Ventures Portfolio.

In this listing, he mentioned the Coinbase scenario for RON and noted that a Binance listing is a possibility. Layeregg later explained the reason for this:

Binance’s Ronin hot wallet has not responded to RON deposits so far. However, starting earlier today, Binance started sending RON deposited to Ronin to the hot wallet. From RON incorrectly deposited a year ago to real-time RON sent to the hot wallet. If you don’t know the Coinbase-BONK scenario, read the tweet below.

In the post Layeregg mentioned: Coinbase appears to be potentially testing a BONK listing? When a Coinbase address receives the SPL it supports, it sends 0.00124788 SOL for gas from a Coinbase address. It also uses SPL to send it to the hot wallet. If it doesn’t support it, like GUAC here, nothing happens.” It is said. Following these rumors, traders’ interest in RON pushed the altcoin price north. The token jumped from $2.31 to $2.49 during the day. RON, which later lost slight altitude, is traded at $2.48, close to these levels.

RON daily price chart. Source: CoinMArketCap

‘Pixels’ game gives away NFTs and RON ahead of airdrop

The airdrop of PIXEL tokens is approaching. But until then, the Pixels team continues to keep the excitement alive with gifts and challenges. Following the latest play-to-airdrop campaign that ended last week, the PIXEL token airdrop of the popular Blockchain game Pixels is approaching. Additionally, the makers of the Ronin-based game are filling the gap by doling out even more assets.

Pixels has launched a giveaway initiative that will include free in-game NFTs and Ronin (RON) tokens, as well as vouchers for a free in-game VIP membership that typically costs $10 per month to unlock premium benefits. So, he launched the giveaway campaign, giving his fans a chance to win a Farm Land plot. Ethereum NFTs start at around 1.6 ETH (or about $3,500 worth) on secondary markets.

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