As an experienced analyst with a background in both traditional finance and cryptocurrencies, I find this news from Binance quite intriguing. The addition of MOODENG and SAFE to their futures listings is a testament to the growing acceptance of digital assets within mainstream markets.
In a thrilling turn of events for the crypto world, Binance is expanding its platform with the inclusion of two fresh futures listings: one being the humorous digital currency tied to Solana, known as MOODENG.
In a new tweet, Binance Futures announced it will be launching MOODENGUSDT Perpetual Contract.
Binance is taking steps to increase the variety of trading options available on its Futures platform and improve user experience. On October 25, 2024, at 10:00 a.m. (UTC), Binance Futures will introduce the MOODENGUSDT Perpetual Contract with up to 75 times leverage.
In the past few weeks, MOODENG, reminiscent of a popular viral baby hippo from Thailand, has been attracting attention. After Binance’s recent announcement, the price of MOODENG skyrocketed by approximately 150%, and its trading volume soared by an impressive 322% over the last 24 hours, reaching almost $350 million.
Currently, as I’m typing this, Moo Deng (moodengsol.com) has seen a surge of 122% over the past 24 hours, reaching a price point of $0.1657. Its market value stands at an impressive $164.50 million.
Other listings
In a subsequent statement, Binance revealed they’re introducing a new contract called SAFEUSDT Perpetual, which comes with a potential leverage of up to 75 times.
The ownership layer of Web3, safeguarding approximately $100 billion, encompasses Safe Core – a comprehensive system for account abstraction – along with the multi-sig Safe Wallet.
According to Binance, this action aims to broaden the range of trading options on Binance Futures and improve users’ trading journey. Starting October 25, 2024, at 12:30 p.m. (UTC), Binance Futures will introduce the SAFEUSDT Perpetual Contract. In the last 24 hours, the price of SAFE has increased by 20% to $1.60, a surge that aligns with its listing on Binance.
Yesterday, it was announced that Binance Futures is introducing a long-term contract for the digital asset Goatseus Maximus (GOAT). This new GOATUSDT Perpetual Contract became available on Binance Futures, offering up to 75 times leverage, which led to an increase in the price of GOAT.
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2024-10-25 18:06