The cryptocurrency market is buzzing with excitement as TON is now listed on Binance, the world’s largest crypto exchange. Since its debut on August 8, the cryptocurrency has captured investors' attention with its impressive performance, rising by 6.9% to settle at $6.81. Moreover, its rally does not seem to be over yet.
The seed tag applied to TON on Binance indicates that this token is in the early stages of its journey. Typically, such a tag is reserved for digital assets that are just starting out on the crypto scene. While these tokens have great upside potential, they also come with a higher risk of a pullback.
Currently, available trading pairs include TON/BTC, TON/USDT, and TON/FDUSD, and users can easily withdraw their funds.
In addition, on March 1, 2024, Binance launched USDⓈ-M perpetual contracts for TON. These unique futures contracts have no expiration date, allowing traders to hold their positions for as long as they want. This flexibility enables market participants to profit from both rising and falling TON prices, making it a popular financial instrument among experienced traders.
As of now, TON has a market capitalization of $17.16 billion, ranking it ninth among all cryptocurrencies.
