- ORCA surged over 100% and ACX skyrocketed over 120% following Binance's announcement to list both tokens.
- Binance will open spot trading for ACX/USDT and ORCA/USDT pairs on December 6, 2024, at 13:00 UTC, with withdrawals starting December 7.
- ORCA is a user-friendly DEX on Solana enabling fast swaps, while ACX specializes in cross-chain interoperability for seamless token transfers.
- The listings are expected to enhance both tokens' exposure to global traders and provide increased liquidity, though analysts warn of potential short-term volatility.
Date: Fri, Dec 06, 2024, 09:25 AM GMT
The cryptocurrency market saw a huge spike in the prices of Orca (ORCA) and Across Protocol (ACX) today, following Binance’s announcement of their listing. Orca, a popular decentralized exchange (DEX) on Solana, surged over 100%, while ACX, an interoperability-focused protocol, skyrocketed over 120%.
Binance’s Announcement
Binance, the world’s largest cryptocurrency exchange, revealed that it will list ORCA and ACX, opening spot trading for the following pairs:
- ACX/USDT
- ORCA/USDT
Trading for these pairs will begin on December 6, 2024, at 13:00 UTC, allowing users to deposit their tokens in preparation for trading. Withdrawals are scheduled to open on December 7, 2024, at 13:00 UTC.
This news has sparked significant buying interest, with both tokens experiencing substantial price hikes as traders and investors anticipate increased liquidity and adoption.
ORCA and ACX:
- Orca (ORCA): Known for its user-friendly interface and role as a DEX on the Solana blockchain, Orca enables fast and cost-effective swaps. The Binance listing is expected to enhance ORCA’s exposure to global traders, further cementing its position in the DeFi ecosystem.
- Across Protocol (ACX): Specializing in cross-chain interoperability, ACX is a rising player in enabling seamless token transfers across multiple blockchains. The Binance listing marks a significant milestone for ACX, providing broader market access and liquidity.
What’s Next?
The cryptocurrency community has reacted bullishly to the announcement, with trading volumes for both ORCA and ACX soaring across all platforms. Analysts suggest the price surge reflects growing confidence in these projects, bolstered by Binance’s stamp of approval.
As the trading pairs will go live, traders should expect heightened volatility for ORCA and ACX. However, caution is advised, as rapid price spikes are often followed by short-term corrections.
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