Binance announced on September 30, 2024 that it will list new crypto token EigenLayer (EIGEN), adding to a notable list of cryptocurrency exchanges adding trading support for the Ethereum restaking project.
Meanwhile, crypto project Bitcoin Dogs – which also landed on major exchanges recently – is looking to strengthen in the market. This comes as traders speculate on the potential for Binance or other exchanges to list 0DOG.
EigenLayer (EIGEN) to list on Binance
In its announcement, Binance said it will be adding the EigenLayer (EIGEN) token for spot trading on October 1, 2024 starting at 05:00 UTC. Expected trading pairs will be against Bitcoin, USDTm DFUSD and the Turkish Lira. Specifically, trading pairs with a Tag seen will be EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY.
Once trading begins, Bnance will allow withdrawals from 05:00 UTC on October 2, 2024. As well as Binance, other exchanges adding trading support for EigenLayer include Coinbase and BitMart. Coinbase announced it added EigenLayer to its listing roadmap last week.
Anticipation within the EIGEN community is high as the Ethereum restaking protocol’s native token lands on major exchanges. This is due to the fact that EIGEN listing, particularly on Binance and other global exchanges, adds to overall project visibility and accessibility.
A surge in demand has often seen such tokens outperform the broader market, with several Binance-listed tokens in 2024 outpacing BTC.
EigenLayer may see such a traction, especially after the project announced a lift on transfer restrictions for EIGEN. After months of non-transferability for the coins following earlier distributions, tokens will be available for trading starting September 30, 2024.
Bitcoin Dogs: Is a major exchange listing next?
One of the biggest token launches of the year so far was that of Bitcoin Dogs (0DOG). The project which pioneered the BRC-20 ICO on Bitcoin, stormed to a $13.4 million presale.
Getting traction during the presale with attention on Bitcoin and the emergent layer 2 ecosystem, Bitcoin Dogs’ main selling point quickly cemented around gaming and NFTs.
The roadmap highlights various milestones towards this goal, including the launch of 10k Ordinals NFTs and expansion of its GameFi presence by tapping into the popular tap-to-earn economy.
Recently, Bitcoin Dogs went live in the market, launching on major cryptocurrency exchanges Gate.io, MEXC and Uniswap. But the community is rife with speculation that this P2E related crypto project could be listed on Binance and other exchanges.
Is it a good time to buy 0DOG?
Several meme coins and tap-to-earn economy coins, including Catizen, Hamster Kombat and Dogs have spiked in price and industry visibility with such listing activity. While Binance has not indicated it will list 0DOG, the long-term view across the space is positive. This view is that a great project will attract users and eventually top exchanges.
Meanwhile, Bitcoin Dogs is also attracting interest after its recent 100 million 0DOG burn.
🐶🫡 You Barked…We Burnt 🥵🔥
Dawgz we heard you, you barked and we burnt 100 MILLION #0DOG tokens!📈
But this is just the start – stay tuned for more EXCITING updates!👀
🔗🔥Proof of Burn: https://t.co/YgolZgcl7K#Proofofburn #POF pic.twitter.com/wShTJaRgr7
— BitcoinDogsClub (@BitcoinDogsClub) September 25, 2024
There’s also a 2 million 0DOG reward pool. Holders can tap into the 0DOG-ETH liquidity pool, stake and start earning LP tokens. The APY started at 1000% and currently sits around 440% with farming rewards paid daily
Ahead of a potential price rebound, current price levels of $0.006 may be a good entry point. However, 0DOG has struggled in recent weeks and may see further declines. Bitcoin’s slip from above $66k also adds to the overall weakness.
Learn more about Bitcoin Dogs here.