Altcoin
VIDT Price Soars 59% As Binance Launches VIDT DAO Perpetual Contract
On Friday, VIDT price skyrocketed nearly 59% as Binance, one of the world’s leading exchanges, revealed a significant update on the token. The crypto exchange officially announced that it is launching a USDT-backed perpetual contract for the mentioned DAO-based crypto, generating an optimistic torrent across the broader market.
VIDT DAO is a decentralized platform streamlining the creation of timestamps and non-fungible tokens (NFTs). It also lets users register digital assets like certificates, sensor data, and firmware.
Binance Unveils VIDT Perpetual Contract Listing
Binance Futures’ official announcement on August 23 revealed that it is launching the VIDT USD-Margined perpetual contract today. This mover by the derivatives trading arm of the crypto exchange streamlines futures trading for users looking to trade VIDT on the platform.
The perpetual contract is to launch today at 09:30 UTC. Traders can enjoy up to a whopping 75x leverage trading the asset. Further, the capped funding rate set by the exchange was +2.00% / -2.00%. The official announcement also revealed that the exchange supported Multi-Assets Mode for the asset, further revolutionizing users’ trading experience.
Binance’s listing chronicles have emerged as a highly bullish event within the crypto sector. For context, popular tokens such as POPCAT and SUN prices rallied remarkably with the futures listing on the crypto exchange.
Additionally, even Banana Gun (BANANA) and Synapse (SYN) tokens witnessed a remarkable price rally with their futures listing. Meanwhile, VIDT also mirrored bullishness with the listing announcement as its price rallied nearly 59% at press time.
Token Price Rallies 59%
VIDT price soared 59% in the past 24 hours to $0.03623. Its 24-hour lows and highs are $0.02251 and $0.03811, respectively. The token’s 24-hour trading volume surged 27.99% to $32.12 million today. Also, the coin’s market cap soared 52.36% to $30.01 million. This pumping movement primarily aligns with Binance’s VIDT USDT perpetual contract launch.
Meanwhile, it is also worth noting that the crypto exchange listed DOGS as the 57th launchpool project recently. With Binance continuing to tap into emerging markets, the firm cements its foothold across the global crypto sector.
Coingape Staff
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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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