Binance has recently added XRP and Dogecoin to its Smart Arbitrage offerings, a move that’s being seen as a positive signal for these popular cryptocurrencies, triggering notable rallies. This listing offers new investment opportunities for Binance Earn users, sparking excitement and significant market movement. To celebrate, Binance has launched a special campaign with rewards totaling 45,000 USDT.
Binance’s Latest Feature: Smart Arbitrage with XRP and DOGE
According to Binance, users can start investing in XRP and DOGE with just 12.5 USDT. Previously, Binance’s Smart Arbitrage portfolio included major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The Smart Arbitrage service helps manage risks and maximize profit potential by balancing futures market positions with those in the spot market. For instance, gains from futures positions can offset spot market losses or vice versa, allowing investors to manage volatility more effectively.
Binance’s campaign for this listing runs until the night of November 21. During the campaign, users can earn up to 20.95% annual yield (APR) and participate in a 30,000 USDT reward pool on a first-come, first-served basis. By holding the Smart Arbitrage portfolio for 72 hours, participants can secure a 10% bonus APR on initial investments up to 2,500 USDT. VIP 1 and VIP 2 users can also earn a 45% trading fee rebate if they maintain at least 10,000 USDT in their portfolio for 72 hours.
XRP and Dogecoin Prices Respond to Binance’s Listing
Following Binance’s announcement, interest in XRP and Dogecoin has surged. Positive speculation around an ETF launch for XRP, coupled with Elon Musk’s ongoing projects, has further drawn investors’ focus to these tokens. XRP has risen 9% in the past week, reaching $0.55, with some predicting it could gain up to 30 times its current value.
Dogecoin, meanwhile, has recorded a 3% increase in the last 24 hours and a 25% increase over the past week, currently trading at $0.19. Projections of DOGE hitting $10 in the current bull market are fueling interest among investors. Binance’s innovations and campaigns are enhancing market dynamics, adding strong rally potential for both XRP and Dogecoin.
These developments not only attract investors’ attention but also highlight how Binance’s Smart Arbitrage feature provides diverse opportunities, helping users manage portfolio risks effectively and increase their holdings.
