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Inventory of 7 potential Binance listed coins for futures contracts.

23-11-10 16:26

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With Bitcoin once again rising and breaking through $37,000, news of Ethereum spot ETF has emerged, and the cryptocurrency market is once again filled with bullish sentiment. As the platform with the most users and the largest trading volume, news of new coin and contract listings on Binance can still bring significant gains for any token in the short term.

A few days ago, BADGER quickly caught the market's attention after experiencing consecutive 2-day increases of over 20%. Binance subsequently announced the launch of U-based contracts on November 9th, which helped to further boost the market. This move is also a standard process for Binance's recent contract launches. According to Look on Chain data, there are currently 65 currencies on the Binance platform that only have spot trading and no contracts. BlockBeats has identified 7 currencies that have recently been hot and worth paying attention to.

FTX Token（FTT）

· Current price: 2.8 US dollars.

· Price Change (24H/7d/30d): 62.8%, 118.6%, 158.4%

· Market Cap: 689,998,384 USD

· Trading volume (24h): $628,120,722 USD

As the platform coin of FTX, once the second largest trading platform in the world, FTT plummeted from $20 to a low of $0.8 by the end of 2022 due to FTX's bankruptcy. However, almost all bankrupt platform coins have a common feature, that is, bankruptcy leads to zero, which makes their fundamentals bearish to the extreme. Those who can sell are panic selling, and those who cannot sell are either because their funds are too large to find a buyer or because they are locked in the FTX platform and cannot be withdrawn (such as some retail investors holding FTT), in addition to some VC holding FTT who suffered losses.

This has led to almost all news about FTT after the FTX bankruptcy being positive, and there is almost no selling pressure from retail investors on the upside. How high it can rise depends entirely on the "vision" of VC and the bankruptcy handlers of FTX. Since April of this year, every time there is news of a "restart" from FTX, it has been able to drive a significant increase in FTT, but the three previous increases ultimately "came and went".

Until a few days ago, Gary Gensler, the chairman of the US SEC, said in an interview that if the new leadership team operates under a clear understanding of the law, the relaunch of FTX is possible. This news caused FTT to soar again, and this time it flew even higher with the approval of the SEC chairman. However, it is worth noting that with the recent 225% increase in FTT price, the value of the 267 million FTT tokens (76% of the total supply) held by FTX/Alameda has also risen to $427 million. As retail investors, we can never know when FTX will sell its holdings, nor can we know if FTX will ultimately succeed in relaunching. In the worst case, after buying FTT, we may see FTX sell off at a high price to repay creditors, and then FTX may ultimately fail to relaunch or be merged into another platform, causing FTT to lose its value.

Raydium（RAY）

· Current price: 0.31 US dollars.

· Price Change (24H/7d/30d): 12.2%, 16.8%, 96.8%

· Market Cap: $75,910,102 USD

· Trading Volume (24h): $54,463,569 USD

Raydium is a leading DEX in the Solana ecosystem, and one of the main protocols laid out by FTX/Alameda in the Solana ecosystem. RAY also fell to a low of $0.14 in the FTX crash at the end of 2022, and although it rebounded over 100% in a year, its price rebound was not as good as SOL or FTT.

According to DeFiLlama data, Raydium's transaction fees in the past 24 hours were $216,427, with protocol revenue of $25,971. However, based on RAY's token economics, holding RAY alone does not generate any income. Staking RAY is required to receive a meager reward of 0.03% of protocol trading revenue. This can also explain why RAY is relatively ordinary compared to SOL and FTT, which are currently performing strongly.

Illuvium（ILV）

· Current price: 93.67 US dollars.

· Price Change (24H/7d/30d): 16.8%, 85.7%, 134.9%

· Market Cap: 563,562,431 USD

· Trading volume (24h): $76,094,261 USD

3A Chain Game masterpiece Illuvium is a decentralized RPG and collection game. Players can use crystal "fragments" to capture and control divine beasts (Illuvial), as well as engage in PvP battle mode. In addition, Illuvium has an online marketplace where users can trade NFTs of divine beasts. ILV reached a high of $1911.26 during the bull market in November 2021, and then fell all the way to a low of $37.7 in December 2022. With the market improving, the price of ILV has rebounded and risen by 134.9% in the past month.

Illuvium has completed multiple rounds of financing. In March 2021, it completed a $5 million seed round of financing with Framework Ventures leading the investment. In April of the same year, it raised $38 million through Balancer LBP financing. On May 31st of this year, Illuvium completed a $10 million financing round, with Framework Ventures fully participating in this round of financing.

According to its official announcement, Illuvium plans to launch on the Epic Games Store on November 28th. The game was developed using Unreal Engine 5 on the Immutable X network. Illuvium consists of three interoperable AAA games: Illuvium: Zero (city-building game), Illuvium: Overworld (monster world), and Illuvium: Arena (arena).

Vulcan Forged（PYR）

· Current price: 5.86 US dollars.

· Price Change (24H/7d/30d): 3.1%, 47.7%, 108.8%

· Market Cap: $140,400,630 USD

· Trading volume (24h): $46,483,294 USD

Vulcan Forged is a community-based blockchain gaming ecosystem that operates NFT game studios, markets, and dApp incubators. The project aims to support the creation of blockchain games through incubation programs and crowdfunding. Vulcan Forged is the creator of VulcanVerse, an open-world MMORPG.

On December 13, 2021, NFT game studio Vulcan Forged announced that the platform had been hacked and the private keys of 148 user wallets were leaked, resulting in over 4.5 million native platform tokens PYR being stolen. Based on the highest price of PYR in the past 24 hours at 32.7 USD, the total value of the loss exceeds 145 million USD, and as of the time of writing, the price of PYR is 24.37 USD. The platform is currently attempting to establish a fully decentralized wallet system, and all stolen PYR will be compensated by the platform. In addition, all trading platforms have been contacted to blacklist the hacker's address, and records of KYC conducted on a certain trading platform before the investigation of the hacker have been obtained.

On November 29, 2022, Coinbase launched Vulcan Forged PYR (PYR). During the bull market in December 2021, PYR reached a high of $49.737 before experiencing a large-scale attack. Since then, its price has been hovering around $3 for a long time. In the past month, PYR has effectively broken through the consolidation space and its price has rebounded by 108.8%.

Virtua Kolect（TVK）

· Current price: 0.03531814

· Price Change (24H/7d/30d): -2.9%, 55.2%, 86.8%

· Market Cap: 42,152,654 USD

· Trading volume (24h): $17,353,316 USD

Terra Virtua Kolect (TVK) is the next-generation NFT ecosystem designed to help increase adoption and interoperability between games. The protocol includes the metaverse you need to create, trade, sell, and collect NFTs globally. The network spans across many digital environments, including PC, AR, VR, and mobile gaming platforms.

Recently, Virtua Kolect (TVK) plans to reshape its brand and launch a new L1 blockchain after obtaining majority approval in a voting proposal. TVK price rose to a historical high of 1.2236 USD in March 2021, then fell back to 0.08 USD in June of the same year, and rebounded to 0.47 USD during the bull market in November of the same year before falling again. The price of the coin fluctuated greatly and then entered a long-term oscillation period between 0.02 USD and 0.04 USD. In the past month, TVK has risen by 86.8%.

In January this year, the concept of the Metaverse was hot, accompanied by CZ's call for "Metaverse". On January 29th, TVK had the highest increase of over 80%, reaching a peak of $0.0579. The cross-platform Metaverse gaming ecosystem belongs to the Binance system, with both tokens and NFTs, and has a small market value.

Osmosis（OSMO）

· Current price: 0.5303 USD

· Price Change (24H/7d/30d): -1.3%, 20.9%, 101.6%

· Market Cap: 332,072,898 USD

· Trading volume (24h): $12,277,730 USD

The Cosmos ecosystem DEX protocol Osmosis recently launched nBTC, which is supported by IBC and developed by Nomic, a Bitcoin sidechain development company, truly connecting the asset interaction bridge between Cosmos and Bitcoin. Like many other tokens in the Cosmos ecosystem, OSMO circulation is mainly limited to its internal ecosystem, and there are currently no OSMO trading pairs listed on CEX.

Mobox（MBOX）

· Current price: 0.2595 USD

· Price Change (24H/7d/30d): -7.2%, -0.2%, 22.3%

· Market Cap: $54,019,816 USD

· Trading volume (24h): $14,930,222 USD

Web3 gaming platform Mobox has been active recently. The platform announced a strategic investment in the Web3 gaming development platform P12 on October 27. In addition, on November 1, MOBOX announced the launch of a new buyback and burn plan. The team stated that they will continue to use the $7 million treasury to ensure the sustainable value of assets through multi-platform integration, dynamic allocation, and transparent on-chain and off-chain methods, and fully allocate available resources.

It is not difficult to see from the above that the project party seems to be aiming to use this wave of market trends to promote the development of its platform and increase the value of its tokens. However, investors do not seem to be fully convinced as the token price performance is lackluster and requires further observation.