The Solana-based meme coin Banana Tape Wall (BTW), inspired by Maurizio Cattelan’s art piece, experienced a significant price surge following Binance's announcement of perpetual contracts offering up to 75x leverage.
Price Surge
As of November 18, 2024, BTW is trading at $0.004901, marking an increase of over 120% in the past 24 hours. The coin’s market capitalization has risen to $4.75 million, with a 24-hour trading volume reaching $8.26 million.
All-Time High
A few hours ago, "Banana Tape Wall" (BTW) reached an all-time high of $0.01073. The creation of BTW continues this trend, blending humor and critique in the digital currency space.
Market Influences
Experts suggest that if Bitcoin holds steady at $90k, the upward momentum in the cryptocurrency market could further fuel the growth of coins like BTW. Binance’s involvement in listing BTW and offering high-leverage contracts has sparked interest and increased trading activity. However, investors should remain cautious, as meme coins tend to exhibit high volatility.
Banana Tape Wall has shown significant growth following Binance's announcement. Despite potential for further movement, investors should be cautious with meme coins due to their unpredictable nature.
