As a seasoned researcher with years of experience in the ever-evolving world of cryptocurrencies, I must say that Friday’s 59% surge in VIDT price has definitely caught my attention. The announcement by Binance, a platform known for its ability to significantly influence the crypto market, of the launch of a USDT-backed perpetual contract for VIDT is indeed noteworthy.
On Friday, the price of VIDT soared by approximately 59% following Binance‘s announcement of a major update regarding the token. This globally recognized cryptocurrency exchange disclosed plans to introduce a USDT-backed perpetual contract for the DAO-based crypto, causing a wave of positivity throughout the broader market.
VIDT DAO serves as a decentralized tool, simplifying the process of generating timestamp records and unique, non-interchangeable tokens known as NFTs. Furthermore, it allows individuals to document various digital possessions such as certificates, sensor data, and software updates.
Binance Unveils VIDT Perpetual Contract Listing
Today, Binance Futures, a division of the cryptocurrency exchange, is introducing the VIDT USD-Margined perpetual contract. This step simplifies futures trading for users who want to trade VIDT on the platform, making it more accessible.
Today at 09:30 UTC, we’re introducing the perpetual contract. This offers traders an impressive maximum leverage of 75 times when they trade the asset. Additionally, the funding rate established by the exchange ranges between +2.00% and -2.00%. Notably, the announcement also confirmed that the platform will support Multi-Assets Mode for this asset, enhancing users’ trading experience even more.
The history of listings on the Binance platform has become a significant positive indicator in the cryptocurrency market. To elaborate, well-known tokens like Popcat (POPCAT) and Sun (SUN) experienced substantial price increases following their futures listing on this digital exchange.
Moreover, both Banana Gun (BANANA) and Synapse (SYN) saw significant price surges following their future listings. At the same time, VIDT also reflected a bullish trend with its listing announcement, causing its price to jump by approximately 59% as of the current press update.
Token Price Rallies 59%
In just the last 24 hours, the price of VIDT skyrocketed by 59%, reaching a high of $0.03623. Earlier in this period, its lowest point was at $0.02251, and it peaked at $0.03811. The trading volume for the token jumped by an impressive 27.99% to hit $32.12 million today. Additionally, the market capitalization of VIDT saw a significant increase of 52.36%, reaching $30.01 million. This sudden surge in value appears to be largely influenced by Binance’s launch of its VIDT USDT perpetual contract.
Additionally, it’s important to mention that the crypto exchange added DOGS as their 57th launchpool project not long ago. As Binance expands into new markets, it solidifies its presence in the worldwide cryptocurrency industry.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- CKB PREDICTION. CKB cryptocurrency
- USD COP PREDICTION
- EUR ILS PREDICTION
- TROY PREDICTION. TROY cryptocurrency
- NOTE PREDICTION. NOTE cryptocurrency
- UFO PREDICTION. UFO cryptocurrency
- PRIME PREDICTION. PRIME cryptocurrency
2024-08-23 15:46