Three low-cap altcoins are surging after Binance, the world’s leading cryptocurrency exchange, began supporting them.
In the new announcement, Binance announced COOKIE, a utility token for the MarketingFi ecosystem Cookie DAO, artificial intelligence (AI)-focused project Alchemist AI (ALCH), and AI agent-related project Swarms (SWARMS).
As news of the listing spread, COOKIE soared 2 percentage points.
COOKIE is trading at $0.64 at the time of writing, up 11.1% in the last 24 hours. With a market cap of $185.8 million, COOKIE is the 413th largest cryptocurrency project.
Meanwhile, Alchemist AI is up more than 34% and is trading at $0.22 at the time of this writing. With a market capitalization of $190.8 million, the Solana (SOL)-based altcoin project is the 404th largest cryptocurrency project.
Finally, Swarms surged to an all-time high of $0.60 on Tuesday before pulling back. Swarms is trading at $0.46 at the time of this writing and has risen slightly over the last 24 hours.
With a market capitalization of $467.5 million, the Solana-based altcoin is the 213th largest cryptocurrency project.
Binance stated that the maximum funding rate for each of the three perpetual contracts is +2%/-2%, with funding fee settlement occurring every four hours.
It is unclear whether Binance will eventually list the three altcoins for spot trading.
Binance says:
“Tokens listed on Binance Futures do not guarantee spot listing on Binance.”
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Featured image: Shutterstock/Salamahin/Atelier Sommerland