Analysis: A Binance Listing Adds +41% on Crypto Prices

Ren & Heinrich
Coinmonks

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Photo by SpaceX on Unsplash

In this analysis, I show you how listing on Binance exchange affects the prices of cryptocurrencies. Findings are relevant for crypto investors who are holding or planning to buy coins and tokens that have a chance of getting listed.

💾The Dataset

I analyzed a total of 26 coins and tokens that were listed on Binance over the last 1.5 years. Cryptocurrencies were listed on Binance announcement page on the day of the listing. Price data is from Coingecko.

Alright, now let’s dive into the data!

📈How Binance Listings Impact Prices of Cryptocurrencies

To get a better understanding of how a listing on Binance affects the prices of individual coins and tokens, I created the following chart.

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Ren & Heinrich
Coinmonks

I analyze crypto trends and turn them into easy to read and understandable research articles for thousands of crypto investors.