- BANANA Gun was listed on Binance recently.
Prices surge with the crypto gaining 16% on weekly charts.
As a seasoned analyst with extensive experience in the cryptocurrency market, I have witnessed numerous listings and their subsequent impact on the prices of altcoins. The recent listing of BANANA Gun on Binance is no exception.
As the cryptocurrency market recovers from recent turmoil, most alternative coins (altcoins) are mirroring this trend. Over the last two months, the crypto market has seen significant volatility following a sharp decline in Bitcoin‘s [BTC] price, which dipped below $60,000.
Currently, Bitcoin has rebounded by 7% over the past week and is now priced at around $67,000. As a result, the crypto market as a whole is exhibiting optimistic signs. One altcoin that has experienced a revival following a downturn is BANANA Gun.
An altcoin has experienced growth over the past month as indicated by its monthly price charts. After being listed on Binance, there are predictions for even greater heightened increases.
Binance lists BANANA Gun
After running for a year, BANANA Gun is gaining significant momentum. Notably, Binance has revealed plans to list it.
Based on Binance’s announcement, individuals who staked BNB in the Simple Earn range between June 23rd and July 5th are set to receive BANANA tokens. These tokens will subsequently be dispersed to the relevant users via airdrops.
BANANA Gun shared the news on their X (formerly Twitter) account,
Tomorrow marks the listing of $BANANA on Binance. Be among the first to experience it! Binance users can take part in the HODLer Airdrops by staking their $BNB tokens on Binance, thereby earning $BANANA as rewards. The listing will go live on July 20, 2024 at 9:00 AM (UTC), with trading pairs including BTC, USDT, BNB, FDUSD, and TRY.
Market reacts to BANANA listing
Significantly, the market responded favorably following the announcement, with the altcoin currently priced at $64.40 – marking a 3.85% increase on the day’s trading charts.
Read Banana Gun [BANANA] Price Prediction 2024-25
Just as noteworthy, the cryptocurrency’s market capitalization has experienced a significant increase of 38.20% in the last 24 hours based on data from Coinmarketcap. Likewise, the weekly chart depicts a robust surge of 16.13% for this crypto.
However, its trading volume has declined by 14.17% over the past week.
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2024-07-22 14:15