BAN Price Surges 80%, AKT Rises 25% On Binance Futures Listing

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As a seasoned crypto investor with a knack for spotting promising opportunities, I find myself intrigued by the recent surge of Comedian (BAN) and Akash Network (AKT) following their listing on Binance Futures. Having weathered numerous market cycles and witnessed firsthand the impact of exchange listings on coin prices, I can confidently say that these jumps are not just smoke and mirrors.

The introduction of Binance Futures eternal contracts for Comedian (BAN) and Akash Network (AKT) has ignited considerable market curiosity. It’s worth mentioning that the price of BAN skyrocketed approximately 80%, while AKT price increased around 25% post the announcement of these new listings. This surge in prices is stirring excitement among traders, as both assets are gaining momentum on the platform.

BAN and AKT Surge Following Binance Listing

On November 18th, Binance Futures revealed the debut of USD-margined perpetual contracts for Comedian (BAN) and Akash Network (AKT). According to Binance’s announcement, both assets experienced significant growth following their listing, with BAN jumping by 80% and AKT increasing by 25%. The introduction of futures contracts for these cryptocurrencies sparked immediate market enthusiasm, indicating a high level of trader interest.

The new futures contracts are settled in USDT, with BANUSDT and AKTUSDT being the key trading pairs. Traders now have the opportunity to trade these assets with up to 75x leverage, a significant attraction for those seeking high-risk, high-reward opportunities.

By employing the power of leverage, traders can magnify their investments, leading to increased thrill and market turbulence with these digital currencies. This move by Binance Futures, a leading cryptocurrency trading platform, underscores their dedication to broadening the variety of assets they offer on their site.

Comedian and Akash Network Rallies

The cost of Comedian (BAN) has soared by an astounding 80%, currently standing at $0.31. In the past day, BAN reached a low of $0.1798 and peaked at $0.3992. Being listed on major cryptocurrency exchanges can frequently trigger a surge in a token’s value.

Binance Futures has caused a significant surge in the price of MOG coin, similar to a 470% rise seen over the past week. This increase has been accompanied by a substantial boost in trading volume, currently standing at $316 million, indicating increased liquidity and market activity due to heightened trader attention following the announcement.

Likewise, Akash Network (AKT) has experienced a significant surge recently, currently valued at $3.785. In the past 24 hours, the lowest and highest prices for AKT were $3.155 and $4.261 respectively. Over the last week, AKT has skyrocketed by 44%, causing a buzz among traders. With a trading volume of $136 million within the past day, its listing on Binance Futures seems to have been instrumental in boosting the coin’s price. Listings similar to this one on major cryptocurrency exchanges have historically led to increased prices for coins, as demonstrated by the impressive growth seen in both BAN and AKT.

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2024-11-18 16:48