Binance Earn announced the addition of XRP and DOGE to its Smart Arbitrage offerings. The leading crypto exchange will run a special campaign with a total of 45,000 USDT prizes to celebrate the listings. Analysts predict that XRP and DOGE prices will rise further.
Binance added XRP and DOGE to the list for Smart Arbitrage!
As you follow from Kriptokoin.com, crypto exchanges continue to expand their lists. In addition, they also integrate some tokens into their different platforms to improve user experience. Binance, the world’s largest crypto exchange, announced in an official announcement that it has added XRP and Dogecoin (DOGE) to its Smart Arbitrage offers on Binance Earn. In particular, users can start trading XRP and Dogecoin with a minimum investment of 12.5 USDT. Meanwhile, the exchange only supported Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) until now.
Smart Arbitrage utilises the funding rate mechanism by hedging futures positions with spot positions to collect the funding fee. The strategy is based on hedging price movement risks by taking opposite positions in the futures and spot markets. Thus, the profit on a long position offsets the loss on a short position. Or, vice versa.
The exchange also announced the awards!
In addition, Binance announced a special campaign with a total of 45,000 USDT prizes to celebrate the XRP and Dogecoin (DOGE) listings. The promotion period will be valid until 03:00 on 22 November. The largest crypto exchange claims that users can earn up to 20.95% APR during the promotion period. In addition, the exchange will distribute a total prize pool of 30,000 USDT on a first-come, first-served basis. In this context, Binance made the following statement:
All users who participate in the promotion and hold any Smart Arbitrage portfolio for more than 72 hours during the Promotion Period will receive a 10% Bonus APR on their first 1 – 2,500 USDT subscription, according to Binance. In addition, all regular and VIP 1-2 users who participate in the Smart Arbitrage portfolio promotion with at least 10,000 USDT for 72 hours will be eligible for a 45% transaction fee rebate.
Will XRP and DOGE price rally?
Investor interest in XRP and DOGE is increasing after Donald Trump’s win. With this effect, the tokens have witnessed an upward momentum. Experts have raised their expectations for the XRP ETF launch. Also, Elon Musk‘s Department of Government Efficiency (D.O.G.E.) has increased positive sentiments for the meme coin DOGE.
Some analysts suggest that the XRP price, which has increased by 7% this week, will increase 30 times. XRP is currently trading at $0.55. Meanwhile, the DOGE price has risen 3.09% in the last 24 hours and 26.1% for the week. The popular meme coin is currently trading at $0.1986. Although it may sound utopian, some analysts predict that DOGE will reach $ 10 in this bull cycle. However, there is no feasibility. So it’s just a guess!
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