CREAM Jumps 54% on Binance Listing; Major Dump Ahead?

CREAM logged a sharp reversal rally on Wednesday as traders assessed its listing on Binance, the world’s leading cryptocurrency exchange by volume. That will enable users to effectively deposit and trade their CREAM tokens against Binance Coin and US-regulated stablecoin BUSD.

Netherlands-based market analyst Michaël van de Poppe was quick to comment on the nature of CREAM’s listing on Binance, arguing that the exchange acted too quickly to list a token which was “garbage.” CREAM Trend Ahead Some, meanwhile, argued that Binance was attempting to compete with emerging decentralized exchanges like UniSwap in the race of listing DeFi tokens.

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