Three low-cap altcoins are surging after the top global crypto exchange Binance, rolled out support for them.
In a new announcement, Binance says that it is adding futures contracts for COOKIE, the utility token for the marketing finance (MarketingFi) ecosystem Cookie DAO, artificial intelligence (AI) focused project Alchemist AI (ALCH) and AI agent-related project Swarms (SWARMS).
Amid the listing news, COOKIE surged by double percentage points.
COOKIE is trading for $0.64 at time of writing, up 11.1% in the last 24 hours. With a market cap of $185.8 million, COOKIE is the 413th largest crypto project.
Meanwhile, Alchemist AI is up more than 34%, trading for $0.22 at time of writing. With a market cap of $190.8 million, the Solana (SOL)-based altcoin project is the 404th largest crypto project.
Lastly, Swarms shot up on Tuesday to an all-time high of $0.60 before retracing. Swarms is trading for $0.46 at time of writing, up marginally in the last 24 hours.
With a market cap of $467.5 million, the Solana-based altcoin is the 213th largest crypto project.
Binance says the maximum funding rate of each of the three perpetual contracts is +2%/-2% and that the funding fee settlement occurs every four hours.
It is unclear if Binance will eventually list the three altcoins for spot trading.
Says Binance,
“A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot.”
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Featured Image: Shutterstock/Salamahin/Atelier Sommerland
