Voxies (VOXEL) Price Soars 75% As Binance Unveils Futures Listing
Release: 2024/08/20 19:59 Reading: 658
Binance Launches Voxel (VOXEL) Futures Trading, Triggering Price Surge
Binance, a leading cryptocurrency exchange, announced today that it will launch futures trading for Voxel (VOXEL), the native token of Voxie Tactics. This significant development has sparked interest in the crypto market, and VOXEL has witnessed a remarkable 75% price increase following the announcement.
Futures Trading on Binance
As per an official statement, Binance will commence USD-Margined perpetual contracts for VOXEL at 10:30 UTC on August 20th. Traders can enjoy futures trading with leverage up to 50x on the asset.
The underlying asset for these contracts is Voxies (VOXEL), the native token of Voxie Tactics, a blockchain-based 3D tactical RPG game. The capped funding rate has been set at +2.00% / -2.00%. Binance emphasizes that it may adjust these specifications based on market risk conditions.
Voxies Price Surge
Following the announcement, VOXEL's price skyrocketed by 75%, reaching $0.2446 at press time. Its 24-hour lows and highs were recorded as $0.1261 and $0.2699, respectively. Intraday trading volume surged by 34% to $84.56 million, and the coin's market cap reached $46.26 million.
Technical analysis indicates that VOXEL's 14-day RSI has reached 83, signaling overbought territory. This suggests the potential for a price correction, but market sentiment remains positive with a strong buy signal.
Other Exchange Listings
In related news, South Korean crypto exchange Upbit has announced the listing of Pepe coin and BRETT on its platform, sparking further discussions within the global crypto community.
In conclusion, Binance's launch of VOXEL futures trading has generated significant hype and optimism within the crypto market. The resulting price surge and technical indicators suggest that VOXEL is a cryptocurrency worth monitoring in the near future.
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