New Altcoin Built on Ethereum Soars After Gaining Surprise Support From Crypto Exchange Binance

A new Ethereum-based altcoin is surging after earning a surprise spot on the global crypto exchange Binance.

In a new announcement, Binance says they’ve launched support for Adventure Gold (AGLD).

AGLD is the native ERC-20 token of the non-fungible token-focused Loot project.

The Loot Project released “Loot Bags” which are ostensibly NFT-based text files that will act as the building blocks for yet-to-be-built video games in the future.

Anyone with a Loot Bag can claim 10,000 AGLD, which is also a currency interwoven to the games.

Binance has put AGLD in its Innovation Zone, where new and potentially highly volatile tokens often go to debut on the platform.

“Binance will list Adventure Gold (AGLD) in the Innovation Zone and will open trading for AGLD/BNB, AGLD/BTC, AGLD/BUSD and AGLD/USDT trading pairs at 2021-10-05 07:00 (UTC).”

Since the listing on Binance, AGLD has surged 47.9%. At time of writing, the new altcoin is trading at $4.33 with a market cap of $332,877,468, according to CoinGecko.

AGLD pulled off similar price action last month when it was listed to Coinbase, surging from $2.91 just before the announcement, up to as high as $4.29 before giving up much of its gains.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Source: https://dailyhodl.com/2021/10/05/new-altcoin-built-on-ethereum-soars-after-gaining-surprise-support-from-crypto-exchange-binance/