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BAN Price Surges 80%, AKT Rises 25% on Binance Futures Listing
The launch of Binance Futures perpetual contracts for Comedian (BAN) and Akash Network (AKT) has sparked significant market interest. Notably, BAN price surged around 80%, while AKT price rose about 25% following the announcement of the new listings. These jumps are fueling optimism among traders, as both assets gain traction on the platform.
BAN and AKT Surge Following Binance Listing
Binance Futures announced the launch of the USDⓈ-Margined perpetual contracts for Comedian (BAN) and Akash Network (AKT) on November 18. As per the Binance announcement, both assets saw impressive gains, with BAN surging 80% and AKT rising 25% on the listing. The futures contracts for these coins were introduced, which triggered immediate market excitement, reflecting strong interest from traders.
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.
With the ability to use leverage, traders can amplify their positions, which adds to the excitement and volatility surrounding these coins. This decision by Binance Futures, the top crypto exchange, reflects its commitment to expanding the range of assets available on its platform.
Comedian and Akash Network Rallies
The price of Comedian (BAN) has skyrocketed by 80%, now trading at $0.31. In the last 24 hours, BAN saw a low of $0.1798 and a high of $0.3992. The listing on top crypto exchanges often sparks a rally in the assets’ prices.
For context, Binance Futures has triggered a substantial rally in its price like MOG coin, marking a remarkable 470% increase in the past week. With a 24-hour trading volume of $316 million, the coin’s liquidity and market activity has significantly risen since the announcement, reflecting growing trader interest.
Similarly, Akash Network (AKT) has also seen a notable uptick, currently priced at $3.785. The 24-hour low and high for AKT stand at $3.155 and $4.261, respectively. Over the last week, AKT has climbed 44%, further fueling excitement among traders. With a trading volume of $136 million in the past 24 hours, the listing on Binance Futures has played a key role in pushing the coin’s price upwards. Listings like these on a top crypto exchange have consistently driven coin prices higher, as evidenced by the strong performance of both BAN and AKT.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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