"Hmm, but I'm afraid that the crypto price will go up for a while and then I'll be caught back."
In order to expand its services, the giant cryptocurrency exchange Binance will add SOL/USDC, XRP/USDC, ADA/USDC, MATIC/USDC and six other trading pairs to its platform on December 28, 2023.
Further support from Binance will likely have a positive impact not only on the price of the digital assets involved, but will also increase liquidity and make tokens more readily available for trading.
Please note that some of the tokens included in Binance's latest venture have indeed seen a slight increase as the price of Ripple (XRP) surged 3.88% in the last 24 hours to reach $0.64 while Cardano (ADA ) gained 7.45% at $0.65.
Polygon's (MATIC) bullish trend is the most obvious as its price managed to climb about 35% at $1.04 over the past week for the first time since April of this year.
There is no denying that the listing by Binance is new, but it is worth noting that all the digital assets mentioned above are already available for trading on the crypto exchange in various trading pairs.
However, efforts to the contrary can have a significant negative impact on the price of the digital asset involved if it loses credibility, decreases liquidity or damages reputation.
For example, Binance earlier this month removed several trading pairs, among them BTS/USDT, PERL/USDT, TORN/USDT, WTC/BTC and WTC/USDT, therefore the price of TORN fell by more than 50% while PERL by 75%.
