New on Binance: BANANA Gun soars after listing, what’s next?

• BANANA Gun was listed on Binance recently.
• Prices surge with the crypto gaining 16% on weekly charts.

With the cryptocurrency market recovering, all altcoins are following suit. Over the past two months, the crypto market has experienced extreme volatility after Bitcoin’s [BTC] price dropped below $60K.

Now, with BTC up again by 7% on weekly charts to $67k, the crypto market is responding positively. One such altcoin that has experienced a recovery is BANANA Gun after a period of decline.

The altcoin has recorded gains on monthly charts, and following the Binance listing, it is projected to soar higher.

Binance lists BANANA Gun

Following a year of operation, BANANA Gun is making major moves, with Binance announcing the listing.

According to Binance, its users who had staked BNB in Simple Earn products between 23rd June and 5th July will receive BANANA tokens. Thus, these tokens will be distributed to users through Airdrops.

BANANA Gun shared the news on their X (formerly Twitter) account,

“Tomorrow, $BANANA will be listed on Binance. $BANANA is listing on @Binance! Participating as the first protocol on Binance HODLer Airdrops, Binance users can stake their $BNB on Binance to earn $BANANA.$BANANA will then be listed on 2024-07-20 at 09:00 (UTC) with BTC, USDT, BNB, FDUSD, and TRY pairs.”

Market reacts to BANANA listing

Notably, the market reacted positively after this announcement. As of this writing, the altcoin was trading at $64.40 after a 3.85% surge on daily charts.

Read Banana Gun [BANANA] Price Prediction 2024-25

Equally, the crypto’s market cap has soared by 38.20% over the past 24 hours, according to Coinmarketcap. On weekly charts, the crypto has surged by 16.13%.

However, its trading volume has declined by 14.17% over the past week.