The value of altcoin surged after its listing on one of the largest cryptocurrency exchanges Binance
On the morning of August 30, the Gnosis token was instantly up 42% to $418. Now the cryptocurrency is trading at $355. The sharp increase in quotations occurred after the opening of trading in altcoin on the cryptocurrency exchange Binance, which took place at 9:00 Moscow time.
The asset is available in trading pairs with bitcoin, Binance Coin, as well as with BUSD and USDT Stablecoin. Deposits for Gnosis will open tomorrow at 9:00 a.m. Moscow time.
Gnosis includes various products, including Gnosis Safe, Gnosis Protocol and GnosisDAO, that allow users to create, trade and store digital assets on Ethereum.
The value of altcoins often rises sharply after a listing on Binance. Last week, for example, the WAX token skyrocketed 238% after it opened trading on the platform. And on August 19, the price of MBOX coin showed an increase of 205%.
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The post was written by Crypto Expert John Belford
