Binance Set to Ignite Altseason with Low-Midcap Listings: Watch Out for Babylon (BBL), Initia (INIT), and Others
Crypto exchange Binance is poised to kick off a massive altseason by opening its listing program to low-midcap projects. This move aims to provide quality, under-radar projects with natural and sustainable growth, offering users the opportunity to profit from early-stage investments.
What you'll learn 👉
Low Cap-to-FDV Ratios: A Concern for the Crypto Market
In 2024, the ratio of low-midcap projects to fully diluted value (FDV) dropped to 12.3%, with the total number of tokens issued nearing 2023 levels. This trend, coupled with the growth of projects with high FDV and low float, has raised concerns about potential selling pressure and its impact on the overall crypto market.
To address this issue, Binance has established a set of criteria for projects seeking to be listed on the exchange. These include:
- Strong community and user growth
- Sustainable business model and a minimum viable product (MVP)
- Significant community rewards
- Innovation in technology or design
- Regulatory compliance
The crypto market has shown a strong preference for new narratives and fresh teams, with newcomers often outperforming established projects. As a result, Binance is likely to prioritize the listing of “new shiny tokens” over older, more established cryptocurrencies.
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Show more +Seven Projects with High Binance Listing Potential
Rekt Fencer, a prominent crypto analyst, has identified seven projects with a strong potential for a Binance listing:
- Babylon Chain ($BBL): A blockchain protocol built on the Cosmos SDK, leveraging Bitcoin’s security to scale and secure a decentralized world.
- Initia ($INIT): A Layer 1 network utilizing MoveVM, the first native integration of the Move Smart Contracting Language compatible with the IBC protocol, enabling seamless bridging and compatibility with various virtual machines.
- Foxy Linea ($FOXY): The mascot of the Linea blockchain, representing the meme sector.
- Tea Protocol ($TEA): An open-source platform that ensures fair compensation for developers’ contributions to the ecosystem, incentivizing growth in the open-source community.
- Zircuit ($ZIRC): An EVM-compatible zk-rollup featuring a hybrid architecture that combines zk-proofs with reliable infrastructure, providing high performance, security, and reduced fees.
- Grass ($GRASS): A platform that allows users to sell their unused Internet resources to AI companies for web scraping and model training, enabling passive income generation through a first-ever Layer 2 data rollup.
- Puffer Finance ($PUFF): A robust liquid staking protocol designed to address the decentralization threats posed by existing ETH staking pools, protecting solo ETH stakers with Anti-Slashing technologies.
As Binance prepares to ignite a new altseason by listing low-midcap projects, crypto users can keep these coins under their radar as they could potentially offer a chance for better growth.
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