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The world’s largest crypto exchange Binance on Tuesday mentioned it’s extending a promotion for a number of cryptocurrencies, particularly meme cash on Binance Margin. Binance to supply a one-hour curiosity payment waiver for main trending crypto together with Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), BONK, dogwifhat (WIF), and FLOKI.

Binance Expands Support for DOGE, SHIB, PEPE, BONK, WIF, FLOKI

Crypto change Binance in an official announcement on March 12 revealed a brand new transfer to spice up buying and selling of trending cryptocurrencies. The transfer comes amid huge demand for meme cash and gaming tokens. Users can begin buying and selling to mechanically obtain a one-hour curiosity payment waiver from March 12-26 at 11 AM UTC.

Binance introduced key meme cash together with BONK, DOGE, FLOKI, MEME, PEPE, SHIB, and WIF. Meanwhile, gaming tokens are BNX, GALA, PIXEL, PORTAL, and YGG. The change additionally prolonged help for 1000SATS.

In order to profit from payment waiver, customers should bear in mind the time. If each person A and person B borrowed 10 DOGE at 11:20 UTC on March 12. Then, each customers should full reimbursement on the identical day at 12:15 UTC and 11:55 UTC, respectively. The change has cited examples for customers to know the timing and curiosity charged.

Recently, Binance additionally introduced new buying and selling pairs and bots for Dogecoin (DOGE), Pepe Coin (PEPE), Shiba Inu (SHIB), and dogwifhat (WIF). The meme coin rally picked tempo after the Binance announcement, with excessive optimism amongst buyers.

Also Read: Court Deals Major Blow to US SEC on Supplemental Authority in Crypto Case

Meme Coins Price Performance

Traders didn’t reply instantly to the announcement and meme coin costs stay underneath promoting strain attributable to revenue reserving. Top meme cash Dogecoin price and Shiba Inu (SHIB) have dropped over 6%  and 19% in per week, respectively.

DOGE and SHIB price every fell over 4% within the final 24 hours. Other meme cash PEPE, FLOKI, WIF, and BONK additionally fell 2-8% within the final 24 hours. However, the sentiment surrounding meme cash stays larger because of the bull market and upcoming Bitcoin halving triggering one other huge rally in altcoins.

Also Read: XRP, MATIC, SOL Options Goes Live on Deribit, Here Are Pre-Bitcoin Halving Target Price

✓ Share:

• Breaking: US CPI Comes Hotter at 3.2%, Bitcoin Price to Fall?
• Binance Unveils Key Update For XRP, WIF, FLOKI, NEAR, GRT
• Binance Waives Fees For DOGE, SHIB, PEPE, BONK, WIF, FLOKI Meme Coins
• Shiba Inu Community Burns 383 Mln SHIB, Price To Reach $0.000045?
• XRP, MATIC, SOL Options Goes Live on Deribit, Here Are Pre-Bitcoin Halving Target Price

Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his information of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of those revolutionary future applied sciences. He is at the moment protecting all the newest updates and developments within the crypto trade.

The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.