Watching out for potential coins for Binance Listing has proven to be quite a profitable strategy for investing in cryptocurrency. Spotting and investing in new cryptocurrency projects early enough before they list native tokens on major exchanges can earn you quite a tidy sum if you know precisely when the listing will happen.
Since Binance is a huge exchange, even just a rumor of listing in Binance can boost the price of a project. Oftentimes, the challenge is spotting the promising ones from the swarm of new projects launching daily. This gives a massive advantage to the Binance team and leads to a conflict of interest. Such temptations have been reported and penalized when caught.
Many investors that play by this strategy would always spy on the portfolios of major crypto companies, venture capitalists, and individual investors to filter new projects due to their expertise. Binance Labs is one such organization that makes strategic and early investments in developers building in the blockchain space. Mostly, the projects in the Binance Labs portfolio make it to the exchange.
in this guide, we will be highlighting potential tokens that could make it to the Binance exchange in 2023 based on the company’s investment portfolio.
What’s Binance Labs?
Formed by the largest crypto exchange, Binance Labs is an initiative or social impact fund aimed at financing and supporting entrepreneurs, projects, and communities in building working and useful crypto solutions. It can be considered the venture arm of Binance that identifies, invests, and empowers viable builders.
The initiative began in 2017 with the ultimate goal of empowering the blockchain and decentralized web. So far, Binance Labs has reportedly invested in more than 50 crypto startups, including popular projects like 1inch Network, Alchemix, Alpha Finance, Audius, Axie Infinity, Band Protocol, Bitswap, BitTorrent, and others.
Just in the news this month, Binance Labs announced it has secured about a $500 million investment fund from leading global institutional investors. Using the fund, the organization plans to finance and support projects that can promote the use case of cryptocurrency and Web3 adoption.
Notable projects for Binance Listing in 2023
Below is a list of cryptocurrency projects with released tokens that could be listed in Binance in 2023 or so. Some of these projects recently secured funding from Binance Labs.
Project TokenDescription #1ApolloX$APXApolloX is a cryptocurrency trading platform that offers both a centralized and decentralized trading experience. It was launched in 2021 and rated the world’s first CEX-DEX hybrid cryptocurrency exchange.#2pSTAKE Finance $PSTAKEpSTAKE Finance is a liquid staking solution for proof-of-stake tokens. It enables users to unlock the liquidity of staked assets while still generating rewards from staked assets. #3Melos Studio$MELOSMelos is a decentralized platform for discovering, creating, and collecting original music NFTs. It enables cross-chain NFT creation, staking, and mining for all musicians. #4Stargate$STGStargate is a fully composable cross-chain bridge protocol. It was designed on LayerZero to allow transfers between native assets of different blockchains without the need to rely on intermediate tokens.#5Nym Protocol$NYMNYM is building the next generation of privacy infrastructure that will protect every packet’s metadata at the network and application layers from leakage.#6Cere Network $CERECere Network is the first decentralized data cloud provider established to provide optimized service data integration and data collaboration for enterprises of different kinds.#7Manta Network$MANATAKMAManta is the universal private blockchain platform that allows developers to create decentralized applications with end-to-end privacy guarantees.#8Mathwallet$MATHMathWallet is a multi-platform digital currency wallet that supports more than 50 public blockchains and crypto storage.#9NFTb $NFTBNFTb is a multi-chain curated marketplace for digital artists and goods created to better serve artists.#10Block Ape Scissors$BASBlock Ape Scissors is a blockchain platform that aims to create the most advanced and innovative player-owned economy in Web 3.0. #11Covalent$CQTCovalent is a decentralized blockchain software that unifies APIs to bring visibility to billions of Web3 data points.#12Dora Factory $DORADora Factory is a DAO-as-a-SERVICE infrastructure designed to empower the future of ventures and organizations.#13Nine Chronicles $NCGNine Chronicles is an online decentralized role-playing game wherein all the gaming operations are powered by its players on blockchain technology.
What does Binance Listing Signify?
Being listed on Binance means that a company’s shares (or material assets) are available to be traded on that particular stock exchange. Tracking 26 coins over 18 months, Ren & Heinrich reports evidence of a “Binance effect”, similar to the “Coinbase effect,” a term first conceived in 2021 to account for price bumps that occurred soon after listings on that popular exchange. The report showed a 41% increase a day after a listing on the world’s largest crypto exchange by market volume and a 24% gain on day three.
This new study by Ren & Heinrich suggests that Binance’s emergence as the dominant global crypto exchange might mean that its individual token listings are now getting a lot more attention – at least among speculators. Their report included a chart that shows the impact of Binance listing on price.
Other price surges after Binance Listing have been observed as the following news reports show:
GALA surge 265 percent after Binance listingDoge inspired coin Shiba Inu surge 146% after Binance listingChangpeng Zhao ‘CZ’ discloses why SUSHI token got Binance listingDogecoin price data analysis shows over 35percent spike after Binance listingBinance under heat, bribery suspected in Ripple pair listing
Several ways to Fast-track your Binance listing, advice from CZ
Binance co-founder and CEO Changpeng Zhao (CZ) stated that the most critical aspect Binance listing is the volume of active participants. The executive officer further mentioned several reasons, including the total lively addresses on the blockchain—online platform followers, among other things. Yet, the volume of users is the primary criterion for Binance listing.
Meme tokens would be listed, although he doesn’t understand their popularity, because most people use them, Binance has listed them. Binance goes by the community’s demands, and any individual decision doesn’t count, CZ emphasized. The primary thing is to know how to buy Binance Coin, which was anticipating a resurgence at the start of the month.
As per CZ, the volume factor is only among the several ways for listing a token on the decentralized exchange. He clarified that the higher the contacts, the more value the product has, and that is the most superficial count. For that matter, it is wise to incorporate the figures in the application form. CZ hinted that numbers have a massive effect on the approval of a project’s Binance listing application.
Sergei Khitrov, a pioneer of the crypto-listing arena, said that big crypto exchanges like Binance avoid minor tokens. He believes they earn more by trading rather than listings. The major exchange platforms do not rely on listings. However, most projects cannot fathom this concept.
Binance Listing Alternatives
As a project owner, you could do well by starting out with lesser-known but reliable cryptocurrency exchanges to shorten the listing time. The first step for a project would be to look into building an audience—a larger community. The figures don’t have to be 500 or 10,000 people from social media, but a substantial natural audience. The best way for newbies is to get listed first in unknown small exchanges.
Despite the immediate price jump, Ren & Heinrich said the positive momentum is “relatively short-lived.” After about two weeks, almost half of all analyzed cryptocurrencies had lost their gains. The analysis also noted that coins listed in the last bull market performed better than coins listed during the current bear market.
Currently, Binance supports up to 500 unique cryptocurrencies (over 80 cryptocurrencies in Binance.US) available in 180 countries. The compilation includes significant cryptocurrencies such as Bitcoin and Ethereum. Besides, other famous meme coins such as DOGE and SHIB are also available. Other altcoins are also available on the platform. Binance 24h volume is reported to be at $11,399,573,717.59, a change of -16.97% in the last 24 hours.
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