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HomeNewsBinance's Listed Tokens Experience an Average 41% Price Increase

Binance’s Listed Tokens Experience an Average 41% Price Increase


According to the research, the tokens listed by the crypto money exchange Binance increase by an average of 41% in one day.

Research by Ren & Heinrich reveals the reason why Binance is the most dominant cryptocurrency exchange in the world.

Prices Increase With Binance’s Listing

According to an analysis by crypto investor Ren & Heinrich, cryptocurrencies listed on Binance have increased by an average of 73% in the first 30 days.

Analyzing 26 cryptocurrencies over 18 months, the report revealed that the listing rose 41% on one day and 24% on the third day.

The research findings provide evidence of a “Binance effect”. It was also frequently mentioned that there was a “Coinbase effect” in the listings made by the largest stock exchange in the USA.

Research by crypto analytics firm Messari in April 2021 showed that tokens listed on Coinbase experienced a 91% price increase in the first five days.

This research by Ren & Heinrich may be that Binance’s emergence as a global crypto exchange means that the token listings on the exchange are attracting a lot of attention among speculators.

“In most cases, Binance listings have a positive impact on the price of the coin”


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