{"id":3693,"date":"2025-04-22T15:35:58","date_gmt":"2025-04-22T15:35:58","guid":{"rendered":"https:\/\/ourcryptoworld.com\/crypto-news\/this-altcoin-soars-by-double-digits-following-support-from-binance-upbit-details\/"},"modified":"2025-04-22T15:35:58","modified_gmt":"2025-04-22T15:35:58","slug":"this-altcoin-soars-by-double-digits-following-support-from-binance-upbit-details","status":"publish","type":"post","link":"https:\/\/ourcryptoworld.com\/el\/crypto-news\/this-altcoin-soars-by-double-digits-following-support-from-binance-upbit-details\/","title":{"rendered":"This Altcoin Soars by Double Digits Following Support From Binance, Upbit: Details"},"content":{"rendered":"<h5><strong>The asset&#8217;s market cap briefly pumped above $400 million before retracing to the current $290 million.<\/strong><\/h5>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">A low-cap altcoin has taken the main stage on X due to a massive surge over the past day or so.<\/span><\/li>\n<li>Its impressive price increase was likely triggered by backing from Binance and Upbit.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP_CB.jpg\" data-wpel-link=\"internal\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-393465\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-50x30.jpg 50w\" sizes=\"(max-width: 1201px) 100vw, 1201px\" \/><\/a><\/span><\/h2>\n<h2>Reacting to the News<\/h2>\n<p>Although most of the cryptocurrency market has turned green on a daily scale, one low-cap altcoin has stolen the show. DeepBook (DEEP) is not among the top 100 club, but has outperformed almost all assets from that list in the past 24 hours.<\/p>\n<p><span data-preserver-spaces=\"true\">Earlier today (April 22), its price was trading at around $0.09. Just an hour later, though, it jumped to a seven-week high of $0.16. DEEP&#8217;s peak was short-lived, and it later retraced to the current $0.11, which represents a 22% ascent for the day.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_393466\" aria-describedby=\"caption-attachment-393466\" style=\"width: 586px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP-Price.png\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"wp-image-393466\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP-Price.png\" alt=\"DEEP Price\" width=\"586\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP-Price.png 846w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP-Price-300x205.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP-Price-768x524.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DEEP-Price-50x34.png 50w\" sizes=\"(max-width: 586px) 100vw, 586px\" \/><\/a><figcaption id=\"caption-attachment-393466\" class=\"wp-caption-text\">DEEP Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The rally was likely fueled by the support from the world&#8217;s largest cryptocurrency exchange as Binance Futures <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/96c5a17661a2488f894189ad4ab3cb83\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">launched<\/span><\/a><span data-preserver-spaces=\"true\"> the DEEP\/USDT perpetual contract with up to 50x leverage. The product has no expiration date and allows traders to bet on the <\/span><span data-preserver-spaces=\"true\">price of the cryptocurrency<\/span><span data-preserver-spaces=\"true\"> without actually owning it.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The exchange clarified <\/span><span data-preserver-spaces=\"true\">that<\/span><span data-preserver-spaces=\"true\"> futures and spot token listings are not correlated. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> means that a cryptocurrency listed on Binance Futures does not guarantee that <\/span><span data-preserver-spaces=\"true\">it will be added<\/span><span data-preserver-spaces=\"true\"> to Binance Spot.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Upbit, which <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/upbit.com\/service_center\/notice?id=5055\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">listed<\/span><\/a><span data-preserver-spaces=\"true\"> the DEEP\/KRW trading pair earlier today, may have also <\/span><span data-preserver-spaces=\"true\">contributed to<\/span><span data-preserver-spaces=\"true\"> the asset&#8217;s price <\/span><span data-preserver-spaces=\"true\">increase<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> Thus, South Korea&#8217;s leading crypto exchange doubled <\/span><span data-preserver-spaces=\"true\">down on<\/span><span data-preserver-spaces=\"true\"> its backing for the token since it previously <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.upbit.com\/service_center\/notice?id=5042\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">introduced<\/span><\/a><span data-preserver-spaces=\"true\"> the DEEP\/BTC and DEEP\/KRW pairs.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Examples in the Past<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Support from major exchanges like the <\/span><span data-preserver-spaces=\"true\">aforementioned ones<\/span><span data-preserver-spaces=\"true\"> increases the liquidity of the involved cryptocurrencies, enhances their visibility and availability, and gives them a reputational boost.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Earlier this month, Binance <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/cat-themed-meme-coin-soars-after-binance-boost-heres-what-happened\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">placed<\/span><\/a><span data-preserver-spaces=\"true\"> the meme coin Cat in a Dogs World (MEW) in its Binance Alpha section &#8211; a platform within the exchange&#8217;s ecosystem that serves as a pre-listing selection pool. <\/span><span data-preserver-spaces=\"true\">The<\/span><span data-preserver-spaces=\"true\"> token&#8217;s price rallied by 15% <\/span><span data-preserver-spaces=\"true\">shortly after the inclusion<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In February, Upbit <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/trump-popcat-and-pengu-skyrocket-after-securing-major-exchange-listings\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">introduced<\/span><\/a><span data-preserver-spaces=\"true\"> the trading pairs TRUMP\/KRW, TRUMP\/BTC, and TRUMP\/USDT. <\/span><span data-preserver-spaces=\"true\">The<\/span><span data-preserver-spaces=\"true\"> meme coin launched by US President Donald Trump pumped by 10% <\/span><span data-preserver-spaces=\"true\">following the announcement<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/this-altcoin-soars-by-double-digits-following-support-from-binance-upbit-details\/\" rel=\"nofollow\">This Altcoin Soars by Double Digits Following Support From Binance, Upbit: Details<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The asset&#8217;s market cap briefly pumped above $400 million before retracing to the current $290 million. TL;DR A low-cap altcoin has taken the main stage on X due to a massive surge over the past day or so. Its impressive price increase was likely triggered by backing from Binance and Upbit. Reacting to the News Although most of the cryptocurrency market has turned green on a daily scale, one low-cap altcoin has stolen the show. DeepBook (DEEP) is not among the top 100 club, but has outperformed almost all assets from that list in the past 24 hours. Earlier today (April 22), its price was trading at around $0.09. Just an hour later, though, it jumped to a seven-week high of $0.16. DEEP&#8217;s peak was short-lived, and it later retraced to the current $0.11, which represents a 22% ascent for the day. DEEP Price, Source: CoinGecko The rally was likely fueled by the support from the world&#8217;s largest cryptocurrency exchange as Binance Futures launched the DEEP\/USDT perpetual contract with up to 50x leverage. The product has no expiration date and allows traders to bet on the price of the cryptocurrency without actually owning it.\u00a0 The exchange clarified that futures and spot token listings are not correlated. This means that a cryptocurrency listed on Binance Futures does not guarantee that it will be added to Binance Spot.\u00a0 Upbit, which listed the DEEP\/KRW trading pair earlier today, may have also contributed to the asset&#8217;s price increase. Thus, South Korea&#8217;s leading crypto exchange doubled down on its backing for the token since it previously introduced the DEEP\/BTC and DEEP\/KRW pairs.\u00a0 Examples in the Past Support from major exchanges like the aforementioned ones increases the liquidity of the involved cryptocurrencies, enhances their visibility and availability, and gives them a reputational boost.\u00a0 Earlier this month, Binance placed the meme coin Cat in a Dogs World (MEW) in its Binance Alpha section &#8211; a platform within the exchange&#8217;s ecosystem that serves as a pre-listing selection pool. The token&#8217;s price rallied by 15% shortly after the inclusion.\u00a0 In February, Upbit introduced the trading pairs TRUMP\/KRW, TRUMP\/BTC, and TRUMP\/USDT. The meme coin launched by US President Donald Trump pumped by 10% following the announcement. The post This Altcoin Soars by Double Digits Following Support From Binance, Upbit: Details appeared first on CryptoPotato.<\/p>","protected":false},"author":1,"featured_media":3694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[181,55,51],"channels-categories":[],"class_list":["post-3693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-altcoins","tag-binance","tag-crypto-news"],"uagb_featured_image_src":{"full":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB.jpg",1201,720,false],"thumbnail":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-150x150.jpg",150,150,true],"medium":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-300x180.jpg",300,180,true],"medium_large":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-768x460.jpg",768,460,true],"large":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-1024x614.jpg",1024,614,true],"1536x1536":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB.jpg",1201,720,false],"2048x2048":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB.jpg",1201,720,false],"trp-custom-language-flag":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-18x12.jpg",18,12,true],"post-thumbnail":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-370x265.jpg",370,265,true],"kava-thumb-s":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-150x85.jpg",150,85,true],"kava-thumb-s-2":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-230x230.jpg",230,230,true],"kava-thumb-m":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-400x400.jpg",400,400,true],"kava-thumb-m-vertical":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-370x500.jpg",370,500,true],"kava-thumb-m-2":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-570x450.jpg",570,450,true],"kava-thumb-l":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-1170x650.jpg",1170,650,true],"kava-thumb-xl":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB.jpg",1201,720,false],"kava-thumb-masonry":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-600x360.jpg",600,360,true],"kava-thumb-justify":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-640x640.jpg",640,640,true],"kava-thumb-justify-2":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-1201x640.jpg",1201,640,true],"woocommerce_thumbnail":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-500x300.jpg",500,300,true],"woocommerce_single":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-700x420.jpg",700,420,true],"woocommerce_gallery_thumbnail":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/04\/DEEP_CB-100x100.jpg",100,100,true]},"uagb_author_info":{"display_name":"crypto","author_link":"https:\/\/ourcryptoworld.com\/el\/author\/crypto\/"},"uagb_comment_info":6,"uagb_excerpt":"The asset&#8217;s market cap briefly pumped above $400 million before retracing to the current $290 million. TL;DR A low-cap altcoin has taken the main stage on X due to a massive surge over the past day or so. Its impressive price increase was likely triggered by backing from Binance and Upbit. Reacting to the News&hellip;","_links":{"self":[{"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/posts\/3693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/comments?post=3693"}],"version-history":[{"count":0,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/posts\/3693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/media\/3694"}],"wp:attachment":[{"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/media?parent=3693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/categories?post=3693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/tags?post=3693"},{"taxonomy":"channels-categories","embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/channels-categories?post=3693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}