This Is Why ACX Token Is Up 150% Today – December 6

Key Points:

• Binance announced the listing of ACX tokens with trading pairs ACX/USDT, causing ACX to surge nearly 150% to $1.44.
• The current Altcoin Season has contributed to ACX’s growth, with the CMC Altcoin Season Index at 85/100, indicating strong altcoin performance versus Bitcoin.

Binance has listed ACX Token with ACX/USDT trading pair opening at 13:00 UTC on 06/12/2024. The announcement caused ACX to surge 150%, with trading volume up 2000%. Previously listed on Coinbase, ACX benefits from the current altcoin season.

The ACX Token has seen a strong price surge today, gaining impressive momentum. In this article, we’ll explore the key reasons behind this rise.

Binance Announce The Listing of ACX Token

The primary driver behind ACX’s impressive rally today is the Binance listing. Binance has announced the addition of ACX and Orca (ORCA) tokens, with spot trading pairs ACX/USDT and ORCA/USDT set to open at 13:00 UTC on 06/12/2024. According to Binance, withdrawals for these tokens will be available one day later.

Following this listing announcement, ACX has surged nearly 150%, now trading at $1.44. Additionally, trading volume has spiked by over 2000%, signalling strong investor interest. This increase in trading activity typically causes the price to rise as investors flock to capitalize on the new listing opportunity.

Read more: Why Peanut the Squirrel (PNUT) Surged 400% in a Single Day?

Altcoin Season Confirmed

In addition to the exchange listings, the current Altcoin Season has contributed to ACX’s price surge. The CMC Altcoin Season Index shows a strong reading of 85/100, indicating that altcoins have significantly outperformed Bitcoin over the past 90 days.

Fast Check
During Altcoin Season, investors typically shift their focus to altcoins, seeking higher returns than those offered by Bitcoin. The increased interest in altcoins has likely fueled ACX‘s price surge. In such an altcoin-friendly market, tokens with strong technological backing, like ACX, are more likely to experience increased demand.

Post-Listing Impact of Coinbase Exchange

On August 20, Coinbase officially announced support for Across Protocol (ACX). The listing on the Ethereum Network launched on August 21, and the price of ACX jumped by 14% in response.

The Coinbase listing triggered a rally in the community, with many predicting continued growth for the token. ACX reached $0.4295, up 14% from the announcement. During the time of Coinbase announcement, the ACX has risen 22.4%, and its market capitalization stood at $59.2 million. CoinGape reported that Daily trading volume increased by 49%, surpassing $650,000.