Altcoin
Voxies (VOXEL) Price Soars 75% As Binance Unveils Futures Listing
Binance, one of the world’s leading crypto exchanges, today made a significant announcement on Voxies (VOXEL), the native utility token of Voxie Tactics. As per an official release, the crypto exchange is now launching futures trading for the token. This development has garnered significant interest among crypto market participants, as Voxies price reacted with a whopping 75% uptick in value after the listing announcement.
Binance Launches Futures Trading
According to an official announcement by Binance today, August 20, the crypto exchange is launching the USD-Margined perpetual contract for VOXEL at 10:30 UTC today. Users can enjoy futures trading with up to 50x leverage on the asset.
Notably, the underlying asset remains Voxies (VOXEL), the native token of Voxie Tactics, a 3D turn-based tactical RPG game built on a blockchain. Moreover, the exchange set the capped funding rate at +2.00% / -2.00%. After this announcement, VOXEL price peaked.
However, the crypto exchange revealed that it may adjust the specifications of the listing “based on market risk conditions.” Besides, it’s worth mentioning that high leverages attract more market participants to invest in the asset, jacking up trading volume and market attention.
Altogether, the futures listing has set off optimistic waves for Voxies across the broader market. As seen previously, even Synapse (SYN) price rallied phenomenally with the crypto exchange‘s futures listing of the token.
Voxies Price Surges
Simultaneously, Voxies price surged 75% after Binance’s listing announcement to trade at $0.2446 at press time. Its 24-hour lows and highs were recorded as $0.1261 and $0.2699, respectively. Notably, the token’s intraday trading volume surged 34% to rest at $84.56 million today. Also, the coin’s market cap rested at $46.26 million.
Voxies 14-day RSI rested at 83, indicating that the coin entered an overbought territory today. This also hints at a potential price rebound lurking over the crypto horizon. Besides, market technicals flagged a strong buy signal for the asset, sparking further investor curiosity over future price movements. Nevertheless, the coin currently surfs an optimistic tide against the backdrop of futures listing for the token.
Meanwhile, the crypto realm also saw other major exchange listings today. South Korean crypto exchange Upbit announced Pepe coin and BRETT listing on its platform, sparking further discussions across the global crypto community.
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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