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 enormous respect for @cz_binance, @hiteck, @sunflora, @tamarincrypto, and the remainder of the Binance workforce”.

The protocol helps builders construct marketplaces and different apps to securely publish, alternate, and devour knowledge. As beforehand reported by Beincrypto, the challenge just lately accomplished a decentralized knowledge alternate challenge with Daimler.

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

Source: CoinGecko

Traders Fooled by the Ocean

Prices 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 most recent instance of the “Binance Effect,” the place tokens get listed on Binance and, consequently, see their worth explode.

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

Coinbase, one other heavy hitter within the crypto house, 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 spread of latest belongings, amongst these, the Ocean Protocol, Ampleforth, Band, Balancer, Blockstack, Curve, Fetch.ai, and some others.

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