Two low-cap altcoins experienced a significant surge in price on Friday following the announcement that Binance, one of the top cryptocurrency exchanges, had made them available for trading on its platform. The two tokens in question are the interoperability protocol Across (ACX) and the Solana-based decentralized exchange (DEX) Orca (ORCA).
After Binance rolled out trading services for ACX and ORCA, both tokens saw impressive gains in value. ACX surged by nearly 88% while ORCA jumped by almost 80%, making them the top gainers among the top 1,000 tokens by market cap on that day, as reported by CoinGecko.
Across positions itself as a groundbreaking cross-chain protocol aiming to revolutionize cross-chain experiences through the use of cross-chain intents, which are orders where users specify outcomes rather than execution paths. On the other hand, Orca is a user-friendly platform designed to cater to traders and liquidity providers of all experience levels.
In an effort to mitigate risks associated with lower-liquidity projects, Binance has attached seed tags to both ACX and ORCA. Users holding assets with seed tags are required to pass quizzes every 90 days to ensure they understand the potential risks before trading these tokens.
As of the time of writing, ACX is trading at $1.07 and is ranked 244th by market cap, while ORCA is trading at $6.98 and holds the 282nd spot in terms of market cap.
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