Binance launches tool to identify tokens with growth potential.
Binance has announced a new feature: Binance Alpha, an integrated tool on the platform that will highlight cryptocurrency projects in early stages.
Starting December 18, 2024, users will be able to access a selection of cryptocurrencies with significant potential within the Web3 ecosystem. The initial launch will include ten tokens, divided into two stages on the first day. Subsequently, Binance will present another ten tokens on December 19 and ten more on December 20.
The announcement, made on Tuesday the 17th via Binance's official site and its social media, has generated excitement in the crypto community.
In particular, investors in memecoins see Binance Alpha as an opportunity to boost projects in which they are involved, as reflected in the comments on the announcement on X.
"The tokens in Binance Alpha are carefully selected using industry expertise and advanced analyses from Binance, highlighting those with strong community interest, high traction, and alignment with key trends shaping the crypto space," explains Binance's official statement.
Opportunities in Binance
In addition to being useful for project creators, the new tool will be an attractive solution for investors. It is common to find memecoins in early stages with very low acquisition costs, but which then increase in value as they gain popularity.
An example is the case of the token $PEPE, which entered the market in April 2023 at a price of $0.00000019 USD per unit. It currently costs $0.00002138 USD, representing a return on investment (ROI) of 11,152% in less than two years.
By presenting new cryptocurrency projects to its more than 244 million users, Binance aims to bring greater transparency to the asset selection process.
According to the statement, Binance Alpha will function as a pre-selection pool once its value is listed.
