Binance Adds New Trading Pairs for Investors
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 05 2024- Binance New Pairs: Binance exchange introduced a new trading pair for HIGH Coin in Turkish Lira (TRY) to attract more local investors.
- Investor Interest: Turkish investors show intense interest in cryptocurrencies, even during market downturns, leading to frequent listing of TRY pairs on Binance.
- Stablecoins Impact: Stablecoins have made investors cautious, with examples like UST causing significant losses, prompting them to seek alternatives like trading in TRY.
- Highstreet (HIGH) Price: The price of HIGH Coin rose to 219 TL with the introduction of the TRY pair, showing a 4% increase against the dollar and a volume of 286 million TL.
- Investment Outlook: Investors are advised to be cautious with HIGH's price movements, with key support levels at $5.9 and potential peaks at $7.7 if it closes above $6.8.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
