As a seasoned crypto investor with a knack for spotting promising projects and a penchant for leveraging futures contracts, I must admit that the recent surge of Aavegotchi (GHST) has piqued my interest. Having witnessed the meteoric rise of tokens like TON-based Catizen (CATI) and Solana’s FIDA upon their listings on Binance, I can’t help but feel a sense of déjà vu with GHST’s price action today.
On Monday, Aavegotchi (GHST), a blockchain game and DeFi protocol, saw a surge in investor interest as its price soared by approximately 37%. This significant rise was partly due to Binance, a major crypto exchange, extending support for the GHST token. As a result, the market sentiment towards the Web3 gaming and Defi project has become very optimistic. Not long ago, Binance announced that it would list futures for GHST, which led to a notable increase in the token’s price.
Binance Launches Aavegotchi (GHST) USD-Margined Perpetual Contract
September 23 saw Binance unveil the launch of the Aavegotchi (GHST) USD-Margined perpetual contract (GHSTUSDT). As declared in their announcement, this contract will be activated today at 13 UTC. Users on the platform now have the opportunity to trade the coin with up to 75x leverage. It’s important to note that the underlying asset for the contract continues to be Aavegotchi.
The rate for funds held at the exchange was established at a range of +2.00% to -2.00%, but it’s essential to note that this figure may adjust depending on market volatility. This could lead to modifications in the funding fee, tick size, maximum borrowing limit, initial deposit requirements, and upkeep margins. It’s important for users to be aware of these potential changes. Meanwhile, the announcement about the platform’s listing on Binance sparked excitement within the gaming and DeFi community as its value surged approximately 37%.
As an analyst, I proudly affirm that Aavegotchi stands out as a distinctive project, where charming spectral entities reside on the Ethereum blockchain. Each specter boasts an exclusive array of attributes. Moreover, these ethereal beings carry cryptographic tokens symbolized by emblems perched atop their heads.
Token Price Shoots Up 37%
In just 24 hours, the price of GHST skyrocketed around 37%, peaking at $1.201. The day’s lowest and highest prices were marked at $0.8713 and $1.21 respectively. The coin’s trading volume soared dramatically by a massive 1,103% to an impressive $17,757,512, indicating a strong positive reaction from traders following the listing announcement.
It’s noteworthy that today’s price rise seems to be in alignment with the recently announced futures listing, as we’ve observed similar patterns with other tokens in the past. For instance, CoinGape Media reported an approximately 30% surge in the price of Catizen (CATI) when it was listed on the same exchange.
As a crypto investor, I’ve noticed that the listing of Solana’s FIDA on an exchange has led to substantial price increases for this coin. This historical trend makes me optimistic about Aavegotchi (GHST) today, as its price seems to be on the rise. Crypto market fans like myself are closely watching GHST to see if these trends continue and what further price movements it may undergo.
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2024-09-23 16:20