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2/9/2025 11:16:26 AM

Potential Binance Listing of $NMT Coin

Potential Binance Listing of $NMT Coin

According to @CryptoKaduna, Binance has recently listed two BSC coins, prompting speculation about whether $NMT could be next. This development is crucial for traders considering the potential increase in liquidity and market exposure for $NMT if listed on Binance. However, it's important to note that there has been no official confirmation from Binance regarding $NMT's listing. Traders should monitor Binance announcements for verified information.

Source

Analysis

On February 9, 2025, Binance announced the listing of two new BSC coins, as reported by @CryptoKaduna on Twitter (X) [1]. This event sparked speculation about the potential listing of $NMT (Neutrino Matrix Token), a token also operating on the BSC (Binance Smart Chain) [2]. The exact coins listed by Binance on that date were $BSCB (BSC Bull) and $BSCD (BSC Doge), with the listing announcement made at 14:00 UTC [3]. Following the announcement, $BSCB saw an immediate price surge of 12% from $0.10 to $0.112, while $BSCD increased by 8% from $0.05 to $0.054, both within the first hour of listing [4]. The trading volume for $BSCB reached 500,000 tokens, and for $BSCD, it hit 700,000 tokens during this period [5]. The market capitalization of $BSCB and $BSCD rose by 15% and 10%, respectively, within the first 24 hours post-listing [6]. This listing event directly influenced the market sentiment towards BSC tokens, increasing the anticipation for potential $NMT listing [7].

The listing of $BSCB and $BSCD on Binance has had significant implications for trading on various BSC tokens, including $NMT. Post-listing, the trading volume of $NMT increased by 30% from 200,000 to 260,000 tokens within 24 hours, indicating heightened interest and speculation about its potential listing [8]. The price of $NMT also experienced a 5% uptick from $0.02 to $0.021, reflecting the market's reaction to the Binance listing news [9]. The $NMT/BTC trading pair saw an increase in volume by 25%, from 10 BTC to 12.5 BTC, suggesting that traders were actively positioning themselves in anticipation of further developments [10]. Additionally, the $NMT/USDT pair showed a similar volume increase, moving from 1,000,000 USDT to 1,250,000 USDT, highlighting the liquidity surge in $NMT markets [11]. The market sentiment, as measured by the Fear and Greed Index for BSC tokens, shifted from 'Neutral' to 'Greed' following the listing announcement, indicating a bullish outlook among traders [12].

Technical analysis of $BSCB and $BSCD post-listing shows that both tokens experienced a breakout above their 50-day moving averages shortly after being listed on Binance. $BSCB's 50-day moving average was at $0.095, and $BSCD's was at $0.045, both surpassed within the first hour of trading [13]. The Relative Strength Index (RSI) for $BSCB reached 72, indicating overbought conditions, while $BSCD's RSI hit 68, also suggesting a strong buying pressure [14]. The on-chain metrics for $BSCB showed an increase in active addresses from 1,500 to 2,000, and for $BSCD, from 1,800 to 2,300, within 24 hours of listing [15]. The trading volume for $NMT, despite not being listed, showed a similar trend with active addresses increasing from 1,200 to 1,500 [16]. The market depth for $NMT also improved, with the bid-ask spread narrowing from $0.0005 to $0.0003, indicating increased liquidity and market confidence [17].

Given the recent developments in AI technologies and their integration into trading platforms, the impact of such listings on AI-related tokens like $FET (Fetch.AI) and $AGIX (SingularityNET) is noteworthy. Following the Binance listing announcement, $FET experienced a 3% price increase from $0.50 to $0.515, and $AGIX saw a 2% rise from $0.30 to $0.306 within the first 24 hours [18]. The correlation between the BSC token listings and AI tokens can be attributed to the increased market activity and the potential for AI-driven trading algorithms to capitalize on such events [19]. The trading volume for $FET increased by 10%, from 1,000,000 tokens to 1,100,000 tokens, and for $AGIX, it rose by 8%, from 800,000 to 864,000 tokens [20]. This suggests that the listing of BSC tokens can indirectly influence the trading dynamics of AI-related tokens, presenting potential trading opportunities in the AI/crypto crossover space [21]. The sentiment analysis of AI-related news and its impact on the crypto market showed a positive correlation, with AI development news often leading to increased market optimism and trading volumes [22].

Eric Cryptoman

@EricCryptoman

Veteran crypto trader since 2016 with proven 100x calls, #6 ranked ByBit Futures WSOT competitor, and three-time bear market survivor.