Ondo Finance’s native token has garnered noteworthy investor consideration amid the broader market’s current restoration. Immediately, the coin’s worth soared practically 30%, sparking optimism additional supported a serious perpetual futures market itemizing. OKX, one in every of Asia’s main crypto exchanges, revealed perpetual futures market itemizing for the RWA token at this time. This itemizing ignited important optimism, paving the best way for potential upside momentum forward with new cash influx into the token’s ecosystem.
OKX Unveils Perpetual Futures Market Itemizing
In accordance with an official launch dated August 6, OKX is about to listing the token on its perpetual futures market at this time at 10:30 AM UTC. The itemizing paves the best way for platform customers to partake in futures buying and selling the asset with as much as 50x leverage.
Additional, the announcement additionally revealed that spot margin buying and selling and ‘Easy Earn’ for the token will begin at this time at 10:00 AM UTC. These listings provide the RWA token enhanced consumer attraction on the platform, doubtlessly injecting more cash into its ecosystem.
As seen beforehand with quite a few perpetual listings, equivalent to Coinbase’s bulletins on PEPE, MKR, and AAVE, amongst many others, market sentiments normally stay optimistic with such optimistic information. In the meantime, it’s additionally price noting that on-chain knowledge by Arkham signifies BlackRock BUIDL fund’s large $8.1M token switch to Ondo Finance over the previous day, including a layer of intrigue to the worth actions following the current market crash.
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ONDO Value Rallies
As of writing, the ONDO worth gained 32.78% previously 24 hours to achieve $0.7134. Its 24-hour bottoms and peaks had been registered as $0.5056 and $0.75, respectively. Immediately’s exceptional pump comes in opposition to the backdrop of the broader crypto market restoration alongside Japan’s Nikkei and Topix, each gaining 12%.
Additional, the derivatives knowledge supplied by Coinglass underscored a robust uptrend for the token at this time. The RWA token‘s open curiosity surged 40.32% to $88.38 million, additional accompanied by a derivatives quantity upswing of twenty-two.15% to $832.87 million. This knowledge spotlighted elevated investor enthusiasm surrounding the token.
Additionally, the RSI rested alongside the 26 mark, indicating that the asset is within the oversold territory. This additional paves the best way for potential shopping for from traders, sparking further optimism on worth actions.
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Disclaimer: The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
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