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Binance, Largest Crypto Exchange, Lists DENT Pushing Coin’s Rate Up

  • Yuri Molchan
    📰 News

    Binance keeps adding new coins, DENT will be paired with ETH and BTC


Binance, Largest Crypto Exchange, Lists DENT Pushing Coin’s Rate Up
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In early January, DENT achieved a maximum of $0.10 but later slid to $0.003, losing 90 percent of its cost. Now, after adding to Binance, the asset is quickly recovering.


Volatile coin

Binance added DENT, warning traders of its volatility, since this token is believed to be risky. Most people in the crypto community reckon that DENT was listed when the project had paid the huge Binance fees, trusting that this listing would give the coin some fresh blood.

Anyway, rumors of adding this altcoin have been around for several days already.

Rising after a deep fall

After losing almost all of its value, the coin will have to give a battle to regain its losses. Perhaps, this is what the coin is doing now. Being added to Binance listing could be just the first step.

Still, the coin does not seem to be strong, since after the fall it cost even less than a few cents.

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Trading on Binance

The coin will first be paired with ETH and BTC, since the trading platform normally starts with two pairs.

Among other small coins that Binance has recently added is Mainframe (MFT), which is now paired against the Binance Coin (BNB) to ensure some extra liquidity.

At the moment DENT is trading at $0.007867 (up 133.71 percent) – quite a quick rise for such an obscure coin.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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