Binance has expanded its Smart Arbitrage offerings to include XRP and Dogecoin (DOGE), fueling speculation that a price rally could be imminent. The world’s largest cryptocurrency exchange announced the addition on November 8, alongside a special campaign offering rewards totaling 45,000 USDT to celebrate the new listings.
Smart Arbitrage Expansion
Previously, Binance’s Smart Arbitrage program supported only Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Now, users can start investing in XRP and DOGE with a minimum investment of 12.5 USDT. The Smart Arbitrage strategy utilizes a funding rate mechanism, taking opposite positions in futures and spot markets to mitigate price movement risks and collect funding fees.
The campaign, which runs until November 21, offers users the chance to earn up to 20.95% APR. A total reward pool of 30,000 USDT will be distributed on a first-come, first-served basis. Additionally, users who hold a Smart Arbitrage portfolio for more than 72 hours during the promotion period will receive a 10% bonus APR on their first 1-2,500 USDT subscriptions.
XRP and DOGE Price Predictions
The addition of XRP and DOGE to Binance’s offerings has come at a time of increased optimism for both tokens. XRP’s price has seen a 9% increase this week, currently trading at $0.55, with predictions pointing to a potential 30x rally. Dogecoin, on the other hand, has surged 25% over the past week, trading at $0.19. Some analysts are forecasting that DOGE could reach as high as $10 in this bullish cycle.
Factors contributing to the positive sentiment include the possibility of an XRP ETF launch and the ongoing developments surrounding Elon Musk’s initiatives, such as the Department of Government Efficiency (D.O.G.E.). These factors, combined with the promotion and new offerings from Binance, have investors excited about the potential for further gains in both tokens.
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