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This Altcoin Soars by Double Digits Following Support From Binance, Upbit: Details

  • A low-cap altcoin, DeepBook (DEEP), has experienced a significant surge in price following support from Binance and Upbit.
  • The price of DEEP jumped to a seven-week high of $0.16 before retracing to $0.11, representing a 22% increase in a day.
  • Binance Futures launched the DEEP/USDT perpetual contract with up to 50x leverage, while Upbit listed the DEEP/KRW trading pair.
  • Support from major exchanges enhances liquidity, visibility, and reputation of cryptocurrencies, as seen in past examples with Binance and Upbit.

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