As a seasoned researcher and investor with years of experience in the volatile world of cryptocurrencies, I must say that the recent development surrounding Binance listing League of Kingdoms (LOKA) has piqued my interest significantly. The surge in LOKA’s price following the announcement is reminiscent of a wild West gold rush, with traders rushing to grab their shares before the bandit sheriffs (market risks) ride into town.
Today at 11:30 UTC, Binance, a prominent cryptocurrency exchange, announced the launch of the LOKAUSDT perpetual contract. Following this announcement, the value of LOKA has increased by approximately 20%.
As an analyst, I’m excited to share that starting now, customers like myself have the opportunity to engage in trading the LOKA perpetual contract. Notably, this platform offers leverage of up to 75 times the initial investment. Additionally, the exchange has set a funding rate with a positive and negative limit of +2.00% and -2.00%, respectively. Lastly, each tick size is minutely divided, specifically 0.0001 units.
Binance noted that the terms of its perpetual contract could change based on market conditions, such as adjustments to the funding rate, price increment, maximum borrowing limit, and margin specifications.
In simpler terms, League of Kingdoms (LOKA) is an online strategy game that runs on blockchain technology. It’s a massive multiplayer game where players can earn real money by playing. This aspect that lets you make money while gaming makes LOKA attractive not just to gamers, but also crypto investors. This feature has been a big part of why more and more people are discovering and enjoying this game.
This significant advancement in the League of Kingdoms Arena (LOKA) token has noticeably influenced investor feelings towards it, causing a roughly 20% increase in its price. The announcement sparked great interest among traders, leading to an astounding 155% rise in LOKA’s day-to-day trading volume.
As I type this, LOKA was approximately $0.2619, representing an increase from its 24-hour low of $0.2236 and a peak of $0.2959. The impressive trading volume of around $22.74 million indicates heightened enthusiasm among traders since the Binance listing announcement. This trend aligns with past data, suggesting that fresh futures listings often lead to positive price shifts for tokens.
The rise in LOKA‘s price mirrors the recent trends observed in other cryptocurrencies traded on Binance. For instance, Aavegotchi (GHST) witnessed a nearly 37% price spike following its futures listing. Similarly, Catizen (CATI), a play-to-earn project associated with Telegram, recorded significant growth during its Binance exchange launch.
Read More
Sorry. No data so far.
2024-09-24 21:57