Binance has launched a contract for a certain coin. If it hasn't been listed on the spot market, then it's just teaching you how to short. Don't be stubborn and only go long; you will only hold the spot.

The main purpose of contracts is to short those worthless altcoins and for hedging purposes.

The key moving forward is to watch the Federal Reserve's interest rate cuts. If there are no cuts in the future, it's difficult for altcoins to soar.