New coins on UTEX-Margin. Part 2

UTEX-Margin, a margin trading service, now offers 7 new coins that can be traded with 30x leverage and short sold. All of them are the heroes of 2021 that created buzz on news. The first part focussed on Ethereum’s top competitors, now let’s get to the remaining 3: Dogecoin, Terra and Binance Coin.

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Dogecoin (DOGE)

Dogecoin started as a joke based on a popular meme featuring a Japanese dog, however the loyal community drove its price up by more than 3,500%, from a measly $0.004 on January 1st, 2021 to $0.17 a year later. There’s nothing surprising about DOGE’s popularity: it's hard to resist a cute Shiba Inu, which owes its name and a symbol to DOGE. In addition, the cryptocurrency has an ironic fan – Elon Musk, who publishes hilarious posts about it on Twitter. Dogecoin's unapologetic followers are pushing its price to $1 per coin, and it has come pretty close to that mark, reaching ATH of $0.73 on May 8, 2021. 

Terra (LUNA)

Terra is a blockchain payment project for stablecoins tied to fiat currencies. Fiat money is not involved in this process – a native coin, LUNA, is used instead. The price of stabelcoins in Terra is upheld by arbitrage and algorithms. In addition, LUNA holders can use it to manage the project, specifically, to vote on protocol changes. The price of Terra cryptocurrency has seen staggering 13,000% growth last year, climbing from $0.65 to $84.5. This is the highest of the seven coins. It is the ninth highest in terms of capitalization. 

Binance Coin (BNB)

The cryptocurrency of the main cryptocurrency exchange, originally created to get discounts on trading fees. Today, BNB is used for numerous applications and services of the Binance ecosystem, as well as in its own blockchain – Binance Chain. Yes, the BNB’s price depends on how Binance fares. But despite all the difficulties, this company managed to keep its leading role in 2021. Therefore, the capitalization of this coin is second only to Bitcoin and Ether. And many would agree that Binance hasn’t yet reached its full potential. The price of the coin has soared by 1,270% in 2021.

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