As a seasoned crypto investor with a knack for spotting opportunities, I can’t help but feel a surge of excitement when I see Binance entering the scene. The recent 59% increase in VIDT’s price is a clear testament to the power of their listings.
On Friday, the price of VIDT, a DAO-based cryptocurrency, experienced approximately a 59% surge after Binance, a leading global cryptocurrency exchange, announced the launch of a USDT-supported long-term trading contract.
Yesterday, VIDT’s price soared by an impressive 59%, reaching a value of $0.03684. This surge was accompanied by a 27.99% rise in its 24-hour trading volume, which now stands at $32.12 million. The token’s market capitalization experienced a significant boost as well, climbing up to $30.01 million, marking a 52.36% growth. This upward trend can largely be attributed to the new perpetual contract listing for VIDT on Binance.
On August 23, Binance Futures unveiled a new USD-margined perpetual contract for the trading of VIDT. This decision by their derivatives trading division makes it simpler for users who wish to trade VIDT on the platform, as they now have an easier access to futures trading.
At 09:30 UTC, the contract will be introduced, providing traders with potential leverage of up to 75 times. Moreover, the platform has activated a Multi-Assets Mode for this asset and limited the funding rate between +2.00% and -2.00% to enhance users’ trading experience.
Listings on the Binance exchange frequently drive up market momentum. Previously listed tokens such as POPCAT, SUN, BANANA, and SYN have experienced significant price surges when their inclusion on the platform was announced. With Binance’s ongoing growth into new markets, the exchange is increasingly establishing its dominance in the worldwide cryptocurrency industry.
Furthermore, it’s worth noting that Binance has added DOGS to their Launchpool projects, placing it at number 57. With Binance growing into various new markets, they are solidifying their influence within the international cryptocurrency sector even more.
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2024-08-23 20:54