As a seasoned researcher with a keen interest in the cryptocurrency market, I must admit that watching the VOXEL token’s meteoric rise is nothing short of exhilarating. With my fingers permanently poised over the keyboard and my eyes glued to multiple screens, I’ve witnessed the crypto world’s rollercoaster ride firsthand.
In just the last day, the value of VOXEL has skyrocketed over 55%, marking its peak point since mid-June.
On August 20th, the price of VOXEL tokens spiked significantly following Binance‘s unveiling of a significant announcement concerning Vovies. The VOXEL token serves as both the utility token and in-game currency for the free-to-play tactical role-playing game, Voxie Tactics.
Voxie runs on the Polygon (MATIC) blockchain and the token provides for its rewards system.
Binance news sparks VOXEL price surge
Specifically, Binance Futures introduced a new perpetual contract for VOXEL, which began trading on August 20 at 10:30 UTC and offers up to 50 times leverage. Additionally, Binance Futures listed the base meme coin Brett (BRETT), causing its price to surge that same day as well.
According to Binance, the VOXEL Perpetual Contract using U.S. Dollars for margin will have a maximum funding rate of 2.00% when long (buy) and -2.00% when short (sell), and it will settle in Tether (USDT), a stable digital currency.
Investors welcomed the news with enthusiasm, causing VOXEL‘s price to surge significantly. Earlier in the day, VOXEL was priced below $0.14, but after Binance’s announcement, it experienced a spike, reaching as high as $0.27. Despite some subsequent decline, VOXEL is currently trading at approximately $0.22, representing an increase of over 55% at the time this text was written.
Over the last seven days, the value of VOXEL has surged by over 94%, regaining most of the decline that occurred at its lowest point in May, which was $0.09.
On August 20, VOXEL experienced substantial growth, which was closely followed by an important event: on August 19, the cryptocurrency exchange MEXC began offering trading support for VOXEL/USDT.
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2024-08-20 22:36