Binance Alpha Listings Are Very Popular: Do Altcoins Increase in Value After Listing, or Do They Decline? Is It Worth Collecting Points for an Airdrop?
The post Binance Alpha Listings Are Very Popular: Do Altcoins Increase in Value After Listing, or Do They Decline? Is It Worth Collecting Points for an Airdrop? appeared on BitcoinEthereumNews.com. A newly released report from Binance Alpha reveals that the ever-increasing score threshold and low airdrop rewards are pushing ordinary users out of the system. Most of the projects listed in May lost value, with the average return rate remaining at -5.04%. The average drop in altcoins distributed via airdrop was 31.5%. According to a report published by Wu Blockchain, the participation threshold exceeding 200 points and the airdrop rewards dropping to around $25 caused the investment returns to decrease rapidly and brought about serious discussions within the community. As the number of users joining the system increases, the earning potential of each distributed airdrop becomes more clearly limited. On the other hand, the points threshold required for entry is constantly increasing. This forces users to further reduce transaction costs in order to maintain their profit margins. Recently, Binance Alpha started listing Sui ecosystem tokens and then announced a series of Sui-based Alpha projects. This development opened up a new low-cost space for users who manipulate trading volume. According to PANews’ research, the trading volume of Sui tokens on Alpha is quite low. The highest volume was seen on NAVX, with a 24-hour trading volume of only $3.34 million. For tokens such as HIPPO, BLUE, and SCA, this figure remained at the level of hundreds of thousands of dollars. In contrast, projects on the Solana chain reach volumes exceeding $10 million. In some large projects listed on BSC, this figure exceeds $200 million. Solana is the second most listed ecosystem on Binance Alpha. As of May, Solana’s decentralized exchange (DEX) trading volume has increased significantly. The DEX volume, which was $2.2 billion on May 4, doubled to $4.59 billion on May 15. Some Solana tokens listed on Alpha, such as MOODENG and jellyjelly, have seen high trading volumes and price…
The post Binance Alpha Listings Are Very Popular: Do Altcoins Increase in Value After Listing, or Do They Decline? Is It Worth Collecting Points for an Airdrop? appeared on BitcoinEthereumNews.com.
A newly released report from Binance Alpha reveals that the ever-increasing score threshold and low airdrop rewards are pushing ordinary users out of the system. Most of the projects listed in May lost value, with the average return rate remaining at -5.04%. The average drop in altcoins distributed via airdrop was 31.5%. According to a report published by Wu Blockchain, the participation threshold exceeding 200 points and the airdrop rewards dropping to around $25 caused the investment returns to decrease rapidly and brought about serious discussions within the community. As the number of users joining the system increases, the earning potential of each distributed airdrop becomes more clearly limited. On the other hand, the points threshold required for entry is constantly increasing. This forces users to further reduce transaction costs in order to maintain their profit margins. Recently, Binance Alpha started listing Sui ecosystem tokens and then announced a series of Sui-based Alpha projects. This development opened up a new low-cost space for users who manipulate trading volume. According to PANews’ research, the trading volume of Sui tokens on Alpha is quite low. The highest volume was seen on NAVX, with a 24-hour trading volume of only $3.34 million. For tokens such as HIPPO, BLUE, and SCA, this figure remained at the level of hundreds of thousands of dollars. In contrast, projects on the Solana chain reach volumes exceeding $10 million. In some large projects listed on BSC, this figure exceeds $200 million. Solana is the second most listed ecosystem on Binance Alpha. As of May, Solana’s decentralized exchange (DEX) trading volume has increased significantly. The DEX volume, which was $2.2 billion on May 4, doubled to $4.59 billion on May 15. Some Solana tokens listed on Alpha, such as MOODENG and jellyjelly, have seen high trading volumes and price…
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