Binance continues to direct the crypto market. Berachain (Bera), which attracted great attention, showed a strong rise with the listing of Binance. With Binance announced the new listing and trading services, the price of Bera increased by 14 times in a short time. Despite the fluctuations in the market, the rapid increase in Berachain’s transaction volume continues to attract investors.
Binance’s listing gave Bera strength
Listing on crypto currency exchanges is often seen as an important factor that triggers price increase for a token. Binance added Bera to many trading features such as Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest and Futures.
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With this move, investors can buy Bera using payment methods such as Visa, Mastercard, Google Pay, Apple Pay and Revolut. In addition, the commissioning of Binance’s 75x leverage futures increased the interest of investor and increased the volume and price. With the new purchase options, Bera’s transaction volume has reached billions of dollars in a short time.
Whales Processes led to speculation in the market
Large investors drew attention with their transactions on Bera. According to Lookonchain data, a whale opened Short transactions in Bera with 1.6 million USDC and made 589 thousand dollars profit.
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In the same period, another investor deposited 2.5 million USDC and received long position in Bera. This movement increased the expectations of investors that the price may rise further in the future. Following the listing of Binance, many investors began to process, thinking that Token could gain more value.
What’s next for Bera?
Berachain, since the release of the price has increased by 14 times has experienced a huge rise. During the day, the highest $ 1 level can be higher than $ 14.99 and is currently trading at $ 7.51.
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Bera’s daily transaction volume reached $ 2.86 billion and revealed the interest of great investors. Binance listing and increasing market demand shows that Bera can maintain its volatility in the coming days. However, it should be remembered that there may be profit sales after such a rapid rise. While the price is expected to follow a wavy course in the short term, investors closely follow how the wide trading options offered by Binance will affect Bera.