Binance Adds Decred (DCR) Token as New Listing, Starting December 24th

On October 22nd, Binance decided to release an announcement about new trading pairs that will be coming to their platform. Those trading pairs will involve the Decred token, DCR, which will be tied into BNB and BTC pairs. The listing will be in effect on October 24th at 04:00am UTC. To prepare for the listing to become active, users have the chance to start depositing DCR.

There’s no listing fee for Decred, but perhaps there should be. One of the most common events that occurs in the cryptocurrency industry is the alleged “Binance Effect.” This effect essentially suggests that the integration of any new coin onto the Binance platform immediately causes users to get involved as quickly as possible. After all, Binance is the biggest cryptocurrency platform in the world right now.

So, how has this panned out so far with Decred, considering that the announcement for its listing only happened two hours ago? According to information posted on CoinMarketCap, the market cap has already risen 28.11$ in the last 24 hours, which is a great sign for anyone getting in before it reaches the market.

Presently, it is trading at $49.22 per token with a market cap of $427.55 million. However, the best way to see if this “effect” is taking place is by watching the token until it reaches the Binance platform officially for trading.

Still, it is worth noting that no other cryptocurrency has seen this kind of growth on the top 100 tokens, based on volume.