The central theses:
- Binance has listed the Osmosis token in the Innovation Zone, a special trading space dedicated to new, innovative crypto assets
- OSMO token price surged at the announcement, seeing a 24-hour price increase of more than 30%
- 7 new trading pairs have been opened, allowing Binance users to invest in Osmosis with their BTC, BUSD and USDT
Binance Innovation Zone listing takes OSMO price to a 4-month high
Binance today announced that Osmosis’ native digital asset has been listed in the Innovation Zone, a dedicated trading zone for new, innovative tokens that may be more susceptible to volatility than larger, established crypto assets.
After the announcement, the price of Osmosis went from $1.313 to $1.684 in about 30 minutes. The osmosis crypto token hit a 4-month high of $1,729 in the following hours, representing a daily total change of more than +30%.
Launched in June 2021, Osmosis is a decentralized exchange (DEX) project that uses the smart contract-based automated market maker (AMM) approach to price digital assets, the peer-to-peer Facilitate trading (P2P) and operate liquidity pools. Osmosis’ Layer 1 blockchain, built with the Cosmos SDK, allows developers to deploy custom AMMs using various trading modules and Osmosis’ Proof-of-Stake (PoS)-enabled on-chain governance.
Binance users can now trade Osmose across 7 new trading pairs
In the listing announcement for Osmosis, Binance announced that OSMO crypto trading would begin on October 28 at 10:00 UTC. Meanwhile, Osmose token withdrawals will open a day later, on October 29 at 10:00 UTC.
Binance has introduced 7 new osmosis trading pairs:
- Spot trading: OSMO/BTC, OSMO/BUSD, OSMO/USDT
- Cross margin: OSMO/BUSD, OSMO/USDT
- Isolated Margin: OSMO/BUSD, OSMO/USDT
Before trading with Osmosis on the Innovation Zone, Binance users must first read the Terms of Service and complete a questionnaire to show they are comfortable with the risk of trading potentially volatile crypto assets.
What’s Next for Osmosis Prize?
Despite today’s positive osmosis news, the price of the DEX protocol’s native utility and governance token could gradually go lower in the coming months.
According to our Osmosis price prediction algorithm, the price of OSMO could fall by as much as -60% by early 2023. However, the future of Osmosis looks bright in the long-term – Osmosis could be worth over $2 by Q2 2023 if the Osmosis price prediction proves correct.
With an outstanding supply of 282,000,000 OSMO, Osmosis has a market cap of $474 million at press time, good for the 74th place on the list of the largest market cap cryptos.
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