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The multiplicity of pairs is an important secret that plays a significant role in the rise of currencies during the altcoin phase. But how? When you buy a cryptocurrency, you get its liquidity from several other pairs, not just stablecoins like USDT and USDC, because you can also trade it against BITCOIN, ETHEREUM, and BNB.
Example:
Let's assume there is an electric truck that needs energy to operate; the more multiple energy sources it gets, the more efficient and flexible it becomes. Likewise, alternative currencies in the picture are an example of currency S against several pairs BTC, ETH, BNB. So when the whales of these currencies decide to sell them for S, S will obtain multiple liquidity and not just from one pair, which supports its rise and creates speculation opportunities.
Get ready! Binance Alpha will be the first platform to feature Puffverse (PFVS)! Trading will open on May 27th, with the exact time to be announced.
Eligible users need to use Binance Alpha Points to claim their airdrop on the Alpha event page, which will be published on May 27th with the activity rules.
During peak activity periods, the Ethereum network may experience temporary congestion. If your transaction fails, please wait patiently and try again later, or use Limit Orders on Binance Alpha.