Author: Kenny
Editor: Ddd
As we all know, Binance, as a leading cryptocurrency exchange platform, generally causes the price of a token to surge once it is listed on Binance. For example, a few days ago, Binance announced the upcoming spot trading of BLUR, which led to a price increase of over 30% for BLUR on the same day.
Therefore, as long as we can predict which tokens will be listed for spot trading on Binance, we can make preparations in advance.
However, since we are not internal personnel of Binance and have no access to insider information about token listings, we can still make reasonable speculations based on Binance's listing patterns.
According to Binance's listing patterns, tokens listed for futures trading generally also get listed for spot trading. Therefore, we can compare and analyze the spot trading pairs and futures trading pairs already listed on Binance to identify tokens that have been listed for futures trading but not yet for spot trading.
The method is not difficult at all and can be achieved using Excel.
First, using tools like CoinMarketCap, we can copy the 1162 spot trading pairs and 282 futures trading pairs listed on Binance into an Excel spreadsheet. Then, by removing duplicates, splitting columns, and comparing, we can identify the tokens that have been listed for futures trading on Binance but not yet for spot trading.
After comparative analysis, it was found that 8 tokens have been listed for futures trading on Binance but have not yet been listed for spot trading, and these are the projects we need to focus on.
I. PYTH
Pyth Network (PYTH) is a new oracle project and represents the SOL ecosystem. It aims to provide valuable on-chain financial market data to projects, protocols, and the public through blockchain technology. It has integrated data from over 90 exchanges, market makers, and financial service providers on-chain. Pyth has supported over $80 billion in trading volume and is currently used by over 235 on-chain and off-chain applications.
PYTH currently has a market capitalization of over $6 billion, but its fully diluted market capitalization is over $40 billion. Recently, PYTH spot trading has been listed on multiple mainstream trading platforms such as OKX, and Binance also listed its futures trading on November 22.
II. Bigtime
Big Time, as a star project in the GameFi sector, has attracted significant market attention. It was launched in the previous bull market, officially started in 2021, and released its closed beta in April 2022. On October 10th this year, it opened the preseason version. Essentially, it is a large-scale multiplayer online role-playing game (MMORPG) similar to "Diablo."
The game is built on the Ethereum network and has a sustainable economic mechanism. It has a complete gold-making mechanism, where players can earn the game token BIGTIME by running instances and defeating monsters.
Big Time has a strong founding team led by former Decentraland CEO Ari Meilich, with team members mostly from major game companies such as League of Legends and Fortnite. It has raised nearly $20 million in funding, and its early NFT sales have garnered support from a large number of users, with a total of over $70 million USDT raised (conservatively calculated). From the perspective of game development and operation, Bigtime has sufficient funds, and in addition to funding, NFT sales have raised nearly $100 million.
Spot trading has already been listed on platforms such as OKX, and Binance listed its futures trading on October 12.
III. KAS
Kaspa is a POW public chain built on the GHOSTDAG protocol. Compared to Bitcoin, Kaspa mainly changes the structure pattern of the blockchain. Bitcoin uses a single-chain structure, while GHOSTDAG uses a directed acyclic graph (DAG) structure, where one block can point to multiple blocks.
The token KAS was listed in November 2021, with a total supply of 28.7 billion and a circulation of 21.7 billion, accounting for 75%. Its market capitalization is $2.8 billion. Since its listing, its price has increased by over 700 times, and its increase over the past year has reached 13 times. As the hottest mining coin, KAS was listed for futures trading on Binance on November 17, but Binance and other major exchanges like OKX have not listed its spot trading.
IV. BONK
Bonk is a MEME Coin built on the Solana blockchain and is the first dog-themed token on Solana aimed at the general public (similar to the well-known Shib).
50% of the total token supply of this project has been airdropped to Solana's Degen and DeFi traders, NFT artists, and developers, injecting more liquidity into the Solana ecosystem.
Due to Solana's successful revival, investors seem to have a great interest in MEME coins, which has directly driven the further rise of the BONK token. Its price has increased by over 5 times in the past month, and its market value has reached $220 million.
Binance listed its futures trading on November 22, but its spot trading has not yet been listed on Binance and OKX.
V. ETHW
EthereumPoW (ETHW) is a fork of Ethereum (ETH).
As we all know, Ethereum is one of the largest blockchains and initially used the PoW consensus mechanism. However, in September of last year, Ethereum successfully completed a fork upgrade to transition to the POS consensus mechanism, marking the end of the era of Ethereum mining.
On July 27, 2022, ChandlerGuo proposed the discussion of forking Ethereum on Twitter, which received great attention and attracted the participation of some miners, especially those opposed to the Ethereum merger.
At the end of August 2022, supporters of ETHPoW expressed dissatisfaction with Ethereum's transition to proof of stake in an open letter to the Ethereum community, stating that "PoS has indeed changed the rules of the game, but only in a negative way."
At this point, EthereumPoW (ETHW) has emerged with the aim of maintaining the PoW consensus mechanism to ensure miners' income.
As a fork of Ethereum, ETHW currently has a market value of $290 million. Its spot trading has been listed on multiple platforms, including OKX, and Binance listed its futures trading on November 28.
VI. TOKEN
TokenFi is an asset tokenization platform launched by the star MEME project Floki, aimed at promoting the tokenization process in the market. It can be understood as a broad RWA project, helping assets to be tokenized. TOKEN is the project token of the TokenFi platform.
TOKEN currently has a market value of over $26 million. Binance listed the TOKEN token for futures trading on November 3, but both Binance and OKX have not yet listed its spot trading.
VII. ORBS
Orbs Network is a blockchain IaaS platform based in Israel, dedicated to building a decentralized public platform to help the software application industry transition to blockchain technology.
Orbs is a hybrid business public chain that uses the rPoS consensus protocol, providing high security, complete decentralization, and the advantage of fewer nodes. Orbs allocates a dedicated channel for each DApp, helping clients focus on DApp development and avoid errors, overloads, and other issues.
ORBS is the platform token of Orbs Network, issued on April 3, 2019, with a total supply of 10 billion. ORBS has been listed for spot trading on platforms such as OKX, and Binance listed its futures trading on October 17.
VIII. BSV
BSV is already quite familiar to everyone. It is the hard fork product of Bitcoin Cash (BCH), with the full name Bitcoin SV, which stands for Bitcoin Satoshi's Vision. BSV aims to restore and maintain the original Bitcoin protocol described by Bitcoin's founder, Satoshi Nakamoto, in the 2008 Bitcoin whitepaper, and achieve higher scalability.
Due to some disputes between CZ and Craig Wright, Binance delisted the spot trading pairs of BSV on April 15, 2019, causing a significant impact on BSV. Then, four years later, Binance relisted BSV for futures trading on October 20 this year, leading to a price increase of over 30% on the same day.
Although Binance has restored BSV's futures trading, it has not yet listed BSV for spot trading.
In summary, the above 8 tokens, especially prominent projects like PYTH, KAS, and BIGTIME, have a high probability of being listed for spot trading on Binance in the near future and are worth keeping an eye on.
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