CHAT is now available for trading on Binance, showing the characteristic spike and readjustment of a fresh cryptocurrency.

ChatCoin has been added to Binance. This is the largest exchange it’s been listed on, and Binance has accounted for over 60% of the coin’s trading volume in the last 24 hours, according to CoinMarketCap. The first hour after its addition saw about $11 million of CHAT transactions on Binance, starting at about US$0.50 per token, 500% up from the ICO price of $0.082. In the approximately 17 hours since its addition, the coin’s price has gradually flattened to around $0.38. This is the usual price path for a coin after becoming available on a major exchange for the first time. An almost identical pattern showed up with PIVX on Binance, and has been seen with many more.

The characteristic spike and adjustment of a coin joining Binance. Source