Binance, the biggest cryptocurrency exchange in the world, announced the release of USDS-M Binance Bluebird Index perpetual contracts on Wednesday. The BNB, DOGE, and MASK tokens are tracked by the Bluebird Index. Some individuals now think that Binance CEO "CZ" made a hint about tokens that Twitter will accept as payment methods. It is already anticipated that BNB and Dogecoin (DOGE) would be supported on Twitter.
Uncertainty is Raised by the Binance Bluebird Index
According to a formal announcement made on November 2, USDS-M Binance Bluebird Index perpetual contracts (BLUEBIRDUSDT Perpetual Contracts) will be introduced by Binance Futures on November 2 at 12:00 UTC. On perpetual contracts, Binance intends to provide leverage of up to 25 times.
BNB, Dogecoin (DOGE), and Mask are among the cryptocurrencies that are tracked by Binance's new cryptocurrency price index. Additionally, Binance uses weighted averages of the current USDT prices of the constituent tokens on the Binance Spot to generate the index.
Crypto expert Miles Deutscher wonders if Binance CEO "CZ" made any allusions to the cryptocurrencies that would be accepted for Twitter payments. The theory behind the rumor is that if Elon Musk integrates Dogecoin for payments on Twitter, Binance will seek to support BNB there.
“CZ invests $500m to help Elon Musk buy Twitter. Then Binance launches a “Bluebird Index” comprising of BNB, DOGE, and MASK. Is CZ hinting at these assets being used for Twitter payments (blue bird)?"
In fact, "CZ," the CEO of Binance, stated in an AMA yesterday that it is not preferable to endorse a single cryptocurrency on Twitter. Not just DOGE and BNB, but other cryptocurrencies should have support from Elon Musk on Twitter. Additionally, he thinks Musk is busy investigating Twitter in the wake of the acquisition. It can take some time for Twitter to support bitcoin payments.
BNB, DOGE, and MASK Have a Lot of Trading Activity
Dogecoin and BNB experienced a huge trading volume and price movement due to Twitter rumors that supported these crypto assets. Dogecoin's arrival on Twitter was previously alluded to by Elon Musk. On Twitter, the CEO of Binance also suggested support for BNB. The price of DOGE increased by almost 130% in a single week, while the price of BNB increased by over 12%.
The price of the MASK token, however, increased by around 250% in a single week. The MASK price has increased by more than 55% in the past day, and is currently trading at $3.63. A day's worth of trading volume has increased by over 270%.