Finder makes money from featured partners, but editorial opinions are our own.

ChatCoin (CHAT) added to Binance, up 500% from ICO price


small business printing

CHAT is now available for trading on Binance, showing the characteristic spike and readjustment of a fresh cryptocurrency.

ChatCoin has been added to Binance. This is the largest exchange it's been listed on, and Binance has accounted for over 60% of the coin's trading volume in the last 24 hours, according to CoinMarketCap. The first hour after its addition saw about $11 million of CHAT transactions on Binance, starting at about US$0.50 per token, 500% up from the ICO price of $0.082. In the approximately 17 hours since its addition, the coin's price has gradually flattened to around $0.38. This is the usual price path for a coin after becoming available on a major exchange for the first time. An almost identical pattern showed up with PIVX on Binance, and has been seen with many more.

snup cmc chat

The characteristic spike and adjustment of a coin joining Binance. Source

ChatCoin is the native digital asset of the blockchain-based Bimp chat platform. It's designed to serve as an incentive for other services to come into the chat ecosystem and provide additional digital services. This Binance listing price pattern has proven to be robust across a wide variety of coins, market circumstances and different situations, and historically one can confidently predict that a coin will initially spike and then readjust downwards after a Binance listing. One of the potentially more interesting tests of this theory could be coming when Nano, formerly known as RaiBlocks, is eventually listed on Binance. It's probably better known than most of the newly listed coins and there's a lot of anticipation around the upcoming listing.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Latest cryptocurrency news

Picture: Shutterstock

Get started with crypto

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site