NEIRO Price Shoots 110% On Binance and OKX Futures Listing, What’s Next?

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As an analyst with over two decades of experience in the financial markets, I’ve seen countless listings and launches come and go. However, the recent dual listing of NEIROETH perpetual contracts on Binance and OKX has certainly caught my attention. The surge in NEIRO price following these listings is not just a typical pump-and-dump scheme; it reflects a growing interest in NEIRO as a player in the crypto futures market.

In a recent announcement, Binance and OKX have made it possible to trade perpetual contracts for Neiro Ethereum (NEIROETH). This development comes after a significant increase in the value of NEIROETH due to the news about its listing. Additionally, OKX has expanded its offerings by including NEIROETH, alongside BRETT and CAT, in their selection of perpetual futures contracts.

NEIRO Price Shoots On Binance and OKX Futures Listing

After Binance revealed their new USD-Margined NEIROETH Perpetual Contracts, there’s been a significant rise in NEIRO’s price. This innovative contract provides traders with up to 75x leverage and is one of the crypto exchange’s initiatives to expand its trading choices and boost user interaction on its Futures platform.

Today’s listing facilitates continuous trading, catering to various assets, thereby contributing to the rise in trading activity and the price spike observed in NEIROETH.

Moreover, the details of the NEIROETH-USDT perpetual contract feature a tick size set at 0.0001 and a maximum funding rate that ranges between +2.00% and -2.00%. Funding fee adjustments happen every four hours. These elements are designed to offer traders an appealing chance to capitalize on market fluctuations in favor of NEIROETH by leveraging its movements effectively.

OKX lists perpetual futures for NEIROETH

As a crypto investor, I’m excited to announce that OKX has expanded their offerings by listing NEIROETH perpetual futures, along with other digital assets such as BRETT and CAT. This expansion brings new features to their perpetual futures market, including adjustable leverage ranging from 0.01-20x and a unique funding fee mechanism that sets it apart.

This system determines its charges by averaging the top bid and ask prices, relative to the spot index price, and adjusts them within a range of -0.75% to 0.75% as interest.

At OKX, it’s anticipated that the NEIROETH/USDT perpetual futures contracts will draw substantial trading activity, potentially escalating the NEIRO price. This surge is attributed to the flexible trading terms and reduced minimum leverages, which cater to a wide range of traders – from cautious investors to those chasing higher risks and returns.

Market Implications and Future Prospects

The addition of NEIROETH to both Binance and OKX exchange platforms demonstrates increasing attention towards NEIROETH within the crypto futures market. Even amidst recent controversy surrounding insider sell-offs with NEIRO, its price has significantly increased by over 100% following these listings.

Currently, as I’m typing this, Neiro’s price stands at an impressive $0.1496, marking a significant 100.75% rise over the past 24 hours. Correspondingly, its market capitalization has soared beyond the 100% threshold, reaching a staggering $149,579,946. Additionally, the trading volume has also experienced a 100% boost.

Furthermore, according to a report from CoinGape today, Binance has introduced a new USD-settled QUICK perpetual contract on its Futures platform, with the goal of expanding their trading opportunities.

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2024-09-06 19:16