The month of August could bring about a new wave of crypto tokens that investors will gush over. Generally the ultimate seal of approval is considered as their listing on Binance and some tokens have a better chance than others.
BeInCrypto has analyzed three such altcoins that could likely witness their listing on Binance in August.
Pump.fun (PUMP)
PUMP has a strong chance of listing on Binance’s spot market, as it is already available on Binance Futures. Continued positive performance in the derivatives market could propel the token further, positioning it for wider exposure and potentially increasing demand among traders.
PUMP’s price has risen by 11.4% over the weekend, currently facing resistance at $0.002921. Securing this level as support could enable the altcoin to break past its current resistance, potentially pushing the price to $0.003803, signaling continued upward momentum.
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If PUMP fails to breach the $0.002921 resistance, the price may remain rangebound, consolidating between $0.002428 and $0.002921. Such a scenario would invalidate the bullish outlook, delaying potential gains and causing market uncertainty.
BankrCoin (BNKR)
BNKR’s listing on Coinbase, the second-largest crypto exchange, has boosted its credibility and visibility. This development strengthens the altcoin’s chances of reaching Binance in the near future. As it gains more attention, BNKR may see further growth and interest in the crypto community.
BNKR has posted an 18% increase over the last 24 hours, trading at $0.000920. After reaching an all-time high of $0.001392 last week, the altcoin aims to revisit that level. To achieve this, it must secure $0.001047 as support, which would help maintain upward momentum.
If selling pressure mounts in the coming days, BNKR’s price could fall through the support at $0.000759, potentially dropping to $0.000597. This would invalidate the bullish outlook and suggest a potential correction, leading to a possible decline in market sentiment.
XDC Network (XDC)
XDC has gained significant attention after being listed on Binance.US, with strong potential for a listing on Binance.com. The altcoin’s growing presence could increase investor confidence and contribute to positive price movements, positioning XDC as a rising contender in the crypto market.
XDC has seen a 4% increase over the past day, pushing the price closer to the $0.10027 resistance. If the altcoin can break through this level and secure it as support, it could rise to $0.10860, signaling continued growth and investor optimism for XDC.
However, the Parabolic SAR above the candlesticks indicates a potential downtrend for XDC. If the market sentiment turns bearish, the price could decline to $0.08826. A drop below this level would invalidate the bullish outlook and suggest further downside risk for XDC.
Disclaimer
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