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Binance Introduces Trading Pairs for ConstitutionDAO (PEOPLE) Amidst Massive Rally

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  • Binance expands its trading options by introducing new pairs for trending altcoins ConstitutionDAO (PEOPLE), Highstreet (HIGH), and Tensor (TNSR).
  • These altcoins have shown significant market activity and interest over the recent months.
  • Binance aims to enhance user experience with zero maker fees for PEOPLE/FDUSD and discounted taker fees for TNSR/USDC pairs.

Discover the latest updates from Binance as it launches new trading pairs for ConstitutionDAO, Highstreet, and Tensor, promising to boost market activity and user engagement.

Binance Introduces New Trading Pairs for Trending Altcoins

On June 5, Binance announced the addition of new trading pairs for ConstitutionDAO (PEOPLE), Highstreet (HIGH), and Tensor (TNSR), reflecting the platform’s commitment to support trending and high-demand altcoins. These pairs, HIGH/TRY, PEOPLE/FDUSD, and TNSR/USDC, will be available for trading at 08:00 UTC.

Increased User Benefits and Enhanced Trading Experience

As part of this initiative, Binance offers zero maker fees for the PEOPLE/FDUSD pair and reduced taker fees for the TNSR/USDC pair, making the trading experience more cost-effective for users. This strategic move is expected to drive higher trading volumes and potentially lead to price surges.

Performance of PEOPLE, HIGH, and TNSR in Recent Times

The ConstitutionDAO (PEOPLE) token experienced a significant rally, with a 300% increase in value over the past month, reaching a peak of $0.13 before a slight decline to $0.10 due to profit-taking activities. Despite a 47% drop in trading volume in the last 24 hours, PEOPLE remains one of the top-traded assets in the market.

Market Activity and Price Movement for HIGH and TNSR

Highstreet (HIGH) and Tensor (TNSR) have also shown strong performance, each gaining over 50% in value this past month. However, recent profit booking has led to a price correction, with HIGH falling by 23% to $5.98 and TNSR declining slightly by 2% to $1.30.

Conclusion

Binance’s introduction of new trading pairs for ConstitutionDAO, Highstreet, and Tensor not only reflects the growing interest and activity in these altcoins but also the platform’s effort to provide a more efficient and cost-effective trading experience. As these altcoins continue to garner attention, Binance’s support could fuel further market engagement and price action in the coming months.

1M ago
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bearish:

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