The world's largest cryptocurrency exchange, Binance, kicked off the day with a significant altcoin revelation.
In their latest announcement, Binance revealed its backing for Harmony (ONE), an altcoin, in its upcoming network upgrade and hard fork.
Binance's statement included the following key points:
Binance will support Harmony (ONE) network upgrade and hard fork. The upgrade and hard fork will take place approximately at 17:30 UTC on 02.11.2023. Token deposits and withdrawals on the Harmony network will be suspended starting approximately 02.11.2023 at 16:30 UTC. Token trading on the Harmony network will not be affected. Binance will meet all technical requirements for all users. Deposits and withdrawals for tokens on the Harmony network will be reopened once the upgraded network is deemed stable. “No further announcements will be made.”
Following the declaration from Binance, the price of Harmony (ONE) surged by 4% to reach $0.0122. As of the current moment, ONE is still trading at $0.01209.
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