August may bring a wave of new cryptocurrency tokens that will excite investors. Generally, the ultimate seal of approval is considered to be listing on Binance, with some tokens having better opportunities than others.
BeInCrypto has analyzed three altcoins that may be listed on Binance in August.
Pump.fun (PUMP)
PUMP has a strong possibility of being listed on the Binance spot market since it is already listed on the Binance futures market. Continued positive performance in the derivatives market can expose the token more widely and increase demand among traders.
PUMP's price rose 11.4% over the weekend and is currently facing resistance at $0.002921. Securing this level as support could allow the altcoin to break through the current resistance and push the price to $0.003803, signaling continued upward momentum.
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If PUMP fails to break through the $0.002921 resistance, the price may enter an adjustment between $0.002428 and $0.002921. This scenario could invalidate the upward outlook, delay potential gains, and create market uncertainty.
Bankcoin (BNKR)
BNKR's Coinbase listing has increased its credibility and visibility as the second-largest cryptocurrency exchange. This development strengthens the possibility of the altcoin reaching Binance in the near future. Gaining more attention, BNKR could experience more growth and interest in the cryptocurrency community.
BNKR has increased 18% in the past 24 hours and is trading at $0.000920. After reaching an all-time high of $0.001392 last week, the altcoin aims to revisit that level. To achieve this, it must secure $0.001047 as support, which will help maintain upward momentum.
If selling pressure increases in the coming days, BNKR's price could break through the $0.000759 support and drop to $0.000597. This could invalidate the upward outlook, suggest potential adjustment, and lead to a decline in market sentiment.
XDC Network (XDC)
XDC has received significant attention after being listed on Binance.US and has a strong potential to be listed on Binance.com. The altcoin's growing presence can increase investor confidence and contribute to positive price movements. XDC can establish itself as an emerging competitor in the cryptocurrency market.
XDC increased 4% in the past day, pushing its price closer to the $0.10027 resistance. If the altcoin can break through and secure this level as support, it could rise to $0.10860. This signals continued growth and investor optimism for XDC.
However, the Parabolic SAR above the candlestick indicates a potential downward trend for XDC. If market sentiment turns bearish, the price could drop to $0.08826. Falling below this level would invalidate the upward outlook and suggest additional downside risk for XDC.
