OCEAN Price Moons After Binance Listing

Crypto alternate Binance introduced its newest itemizing, data-sharing platform Ocean Protocol’s token OCEAN.

Per the announcement,

Binance will record Ocean Protocol (OCEAN) and open buying and selling for OCEAN/BTC, OCEAN/BNB, and OCEAN/BUSD buying and selling pairs on 2020/08/17 at 8:00 AM UTC.

The information was greeted enthusiastically by founder Trent McConaghy who tweeted,

“It’s a pleasure for Ocean to be on Binance. I’ve big respect for @cz_binance, @hiteck, @sunflora, @tamarincrypto, and the remainder of the Binance group”.

The protocol helps builders construct marketplaces and different apps to securely publish, alternate, and eat knowledge. As beforehand reported by Beincrypto, the undertaking just lately completed a decentralized data exchange undertaking with Daimler.

Upon information of the Binance itemizing, the token worth fairly predictably began surging.

Supply: CoinGecko

Merchants Fooled by the Ocean

Costs initially shot as much as $0.69 earlier than settling at round $0.59 on the time of this writing. The worth spike is simply the newest instance of the “Binance Impact,” the place tokens get listed on Binance and, consequently, see their worth explode.

There have been even anecdotal experiences on Twitter that some individuals have been shopping for the improper token of their haste to get in.

Coinbase, one other heavy hitter within the crypto area, can be contemplating itemizing OCEAN. In a blog post revealed on the finish of July, Coinbase introduced that it’s exploring the addition of a variety of latest property, amongst these, the Ocean Protocol, Ampleforth, Band, Balancer, Blockstack, Curve, Fetch.ai, and some others.


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