This means a couple of things:
STORM as a coin will probably go up in value for a little bit, after the initial “listing depression” and then get a major boost. Take a look at Coinmarketcap for some history (also see below). Previously, STORM was primarily on HitBTC, Coinrail and Bancor Network, and a few smaller exchanges, but no other Gunbot-supported Exchange.. Since the listing, Binance has taken over massive amounts of STORM volume and at time of posting, represents 97% of all reported volume of the coin.
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STORM, the 115th coin listed on Binance, has a minimum order requirement of 0.001 BTC according to their Official Trading Rules.
Here’s what the market had to say:
It looks like a major boost, and when looking at just those few days before the announcement, it is indeed a big boost. And when looking at the fact that Binance is holding 97% of all volume according to Coinmarketcap, it also speaks volumes (no pun intended).
However, when looking at a larger outlook, and zooming out a little further, the Binance Listing mainly gives STORM a new life and new volume.
More about STORM: (source: Binance)
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