Ondo Finance’s native token has garnered noteworthy investor consideration amid the broader market’s current restoration. At present, the coin’s value soared practically 30%, sparking optimism additional supported a serious perpetual futures market itemizing. OKX, considered one of Asia’s main crypto exchanges, revealed perpetual futures market itemizing for the RWA token at the moment. 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 response to an official launch dated August 6, OKX is about to listing the token on its perpetual futures market at the moment 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 start at the moment at 10:00 AM UTC. These listings provide the RWA token enhanced person enchantment on the platform, doubtlessly injecting extra money into its ecosystem.
As seen beforehand with quite a few perpetual listings, reminiscent of Coinbase’s bulletins on PEPE, MKR, and AAVE, amongst many others, market sentiments normally stay optimistic with such constructive information. In the meantime, it’s additionally value noting that on-chain knowledge by Arkham signifies BlackRock BUIDL fund’s huge $8.1M token switch to Ondo Finance over the previous day, including a layer of intrigue to the value actions following the current market crash.
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ONDO Value Rallies
As of writing, the ONDO value gained 32.78% up to now 24 hours to succeed in $0.7134. Its 24-hour bottoms and peaks had been registered as $0.5056 and $0.75, respectively. At present’s exceptional pump comes towards the backdrop of the broader crypto market recovery alongside Japan’s Nikkei and Topix, each gaining 12%.
Additional, the derivatives knowledge provided by Coinglass underscored a powerful uptrend for the token at the moment. 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 extra optimism on value actions.
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Coingape Workers
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Disclaimer: The offered content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty on your private monetary loss.
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