Key Takeaways:
Cetus protocol(CETUS) has increased by an impressive 59.16 % in the past 24 hours to reach $0.2853.This hike is a result of the project’s strategic partnership with Binance which caused a boost in the trading volume and investor interest.
Cetus is a decentralized exchange and concentrated liquidity protocol built on Sui and Aptos blockchains. The tokens aims to make the trading process smoother and easier for everyone by developing a flexible and strong network that supports liquidity. The project also aims to provide a top-notch trading experience and create more liquidity and efficiency in the web3 space.
The Cetus(CETUS) protocol token has been listed on Binance. Binance is the largest crypto exchange by trading volume. The token will be traded against a selected list of spot trading pairs. At present the accessibility of the token is restricted to the country or region of residence of the user.
The eligible traders can start trading on CETUS against USDT from Wednesday(November 6). By that time the CETUS holders can deposit their token and wait for the start of the trade. But the options for withdrawal will be available from Thursday. The trading charges for exchanges are zero as a part of the launch offer to attract more customers.
A seed tag has been provided to the token. This Special identifier is provided to the token as a caution. It signifies that the token is a relatively new Binance listing in the market. So it may be subjected to a higher risk and volatility than normal.
CETUS is powered by the CETUS protocol. It is a MOVE-based liquidity protocol That enables swap and earn and is built on a Layer1 blockchain. In the middle of these events, the tokens are rising between 55% and 80%.
Binance is highlighting its commitment to supporting and promoting new blockchain projects. Listing tokens such as CETUS in their platform escalates the reach of these tokens to a larger audience. Thus providing growth opportunities inside the crypto ecosystem.
Binance is diversifying the offerings of the platform. it also provides opportunities for the users to access the novel platforms of the crypto ecosystem. This increased liquidity will benefit by the users. The interest and activity surge on Binance is expected to happen after the listing of Cetus. Binance has the potential to cater the token to a wider audience increasing its awareness among credible investors.
Price hike and Volume Analysis
The recent spike in price caused significant buying interest. Specifically the increase in trading volume by 908.99% in 24 hours to $131.32 Million. This hike is a result of strong market interest in CETUS coins.
The recent updations and modifications highlight the commitment of the protocol to continuous improvement and innovation. These upgrades maintain the competitiveness of the protocol.It also makes sure the evolving needs of the users. The permissionless programmable feature of the platform allows the users and developers to utilize the tools and functions without any restrictions. This is a crucial feature for fostering innovation and a wide range of use cases.
Binance has issued a disclaimer about the CETUS crypto. The volatility of digital assets emphasizes that the value of a digital asset is volatile and there will be also chances of fluctuations. Users are advised to verify the terms and conditions of the platform and the provided risk warnings before starting trading. The Annual Percentage Rate provided is just an estimation and can vary according to the real values. These promotions are an indication that the platform provides diverse investment options to its users. However, these new cryptos may be limited to the users according to their region. This initiative is a part of the efforts of the Binance platform to enhance user engagement in this competitive crypto ecosystem.
The recent rise in the token valuation has attracted investors around the globe. As demand increases, the value of the token will also be upgraded further. The listing to Binance can be seen as a significant milestone for the project. However, decisions related to investments should be made after careful consideration. The volatile nature of the crypto landscape can have an impact on investments.
Currently Cetus has a market capitalization of $220,477,460 and a 24-hour trading volume of $435,589,643. The current price of the token is 1336,79% higher compared to the all time low price. The 24 hour range is between $0.2645 to $0.3911.
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