Two Altcoins Explode As Top Crypto Exchange Binance Reveals New Altcoin Listings

Two altcoins are soaring after being added to Binance, the world’s largest crypto exchange by trading volume.

In a new announcement, Binance says it’s listing Manchester City Fan Token (CITY), a community token for the English Premier League soccer team.

Immediately after the Binance announcement, CITY surged from $14.50 to $25.45, for a gain of 75% in mere hours.

Binance says of the altcoin,

“Manchester City Fan Token (CITY) is a utility token that gives Manchester City Football Club fans a tokenized share of influence on club decisions using Socios, a fan engagement and rewards platform for sports and entertainment organizations.”

CITY is built on the Chiliz Chain, an Ethereum-based blockchain that powers sports-focused fan engagement platform Holders of the utility token will have access to project governance, rewards and staking.

The token’s price has cooled off since its initial surge, sitting at $16.68 at time of writing.

Binance is also making Ethereum Name Service (ENS) available to its users. Ethereum Name Service allows people to mint non-fungible tokens (NFT) that can be linked to Ethereum addresses and web domains.

According to the project’s website,

“The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.

ENS’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.”

ENS more than doubled in price to a new all-time high of $85.19 as word began to spread, and is now valued at $79.29, making it the 122nd-largest crypto by market cap.

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Featured Image: Shutterstock/prodigital art/Dario Lo Presti

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