Rocket Pool, a decentralized Ethereum liquid staking pool, caught the eyes of crypto market merchants and traders on Monday as its native token RPL worth skyrocketed practically 30%. Following an vital itemizing replace by crypto alternate Binance, the native token of the Ethereum liquid staking protocol set off bullish waves throughout the broader market. In the meantime, crypto market fans speculate if the token might maintain an upward trajectory.
Binance Pronounces Rocket Pool Futures Itemizing
In an official Binance announcement dated September 9, the crypto alternate revealed that it’s launching the RPLUSDT USD-Margined perpetual contract right now at 12:30 UTC. Customers on the platform can get pleasure from as much as 75x leverage buying and selling the asset.
The underlying asset stays the Ethereum liquid staking protocol Rocket Pool. Additional, the capped funding price was set at +2.00% / -2.00%. Moreover, the alternate revealed in its announcement that it’s going to assist Multi-Property mode for the asset.
Nonetheless, “Binance could alter the specs of the aforementioned Futures contract infrequently, which embrace the funding charge, tick measurement, most leverage, preliminary margin, and/or upkeep margin necessities,” the alternate added. This announcement by the highest crypto alternate seems to have sparked a tidal wave of optimism for Rocket Pool’s native token, as its worth soared a whopping 30%.
RPL Value Soars 30%
At press time, RPL worth jumped over 30% previously 24 hours and is at present buying and selling at $12.08. The token’s intraday high and low have been $9.18 and $12.53, respectively. RPL’s 24-hour buying and selling quantity surged by a whopping 503.75% to $21.51 million right now. This worth upswing primarily aligns with Binance futures itemizing announcement on the token, driving investor curiosity.
In the meantime, Coinglass information illustrated a whopping 413.18% surge within the token’s futures OI to $4.57 million on the time of reporting. Furthermore, the derivatives quantity surged 1766.45% to $16.20 million right now. Rocket Pool at present rides an uptrend wave out there, cementing investor optimism on future worth actions with one in every of main exchanges extending assist to the mission.
As seen beforehand, Coinage Media reported that NEIRO worth soared phenomenally because the alternate unveiled futures itemizing for the token. The present RPL worth upswing aligns with historic token performances post-listing.
Disclaimer: The offered content material could embrace the private 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 in your private monetary loss.
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