Santos FC Fan Token nabbed substantial investor consideration on Monday as SANTOS value prolonged intraday good points to over 100% amid a significant alternate itemizing. Notably, with the crypto alternate large Binance revealing itemizing for the token, bullish market sentiments seem to have engulfed the fan crypto. In the meantime, market watchers speculate whether or not the itemizing may assist the token maintain an uptrend forward.
Santos FC Fan Token Sparks Optimism With Binance Itemizing
In an effort to broaden commerce choices for customers, Binance officially announced itemizing SANTOS USD-Margined perpetual on October 28. Based on the alternate’s announcement, the agency’s future buying and selling arm will launch the SANTOSUSDT contract with as much as 75x leverage for customers. Beginning as we speak at 14:00 UTC, the platform’s colossal person base can partake in futures buying and selling the fan crypto.
The tick dimension for the digital asset set by the alternate was 0.001. Additional, the capped funding fee was set at +2.00% / -2.00%. Nonetheless, the crypto alternate large clarified that the perpetual contract stays poised to face potential changes forward based mostly on market threat situations. These potential modifications may embody changes sooner or later contract’s funding price, tick dimension, most leverage, preliminary margin, and upkeep margin necessities. Nonetheless, the announcement by one of many top crypto exchanges has fueled a optimistic influence on SANTOS value.
Fan Token Soars 100%
Notably, with Binance’s itemizing coming into play, SANTOS value soared over 100% from its 24-hour low and is at the moment buying and selling at $6.07. The crypto’s intraday high and low had been recorded as $3.20 and $7.99, respectively. Notably, the fan crypto’s 24-hour buying and selling quantity witnessed a 1552% enhance to $220.72 million as we speak, indicating that merchants reacted positively to the itemizing announcement.
In the meantime, the value good points for the token are primarily attributable to the abovementioned futures itemizing. CoinGape Media just lately reported an identical chronicle whereby the Solana meme coin Moo Deng price skyrocketed phenomenally with its futures itemizing on the identical alternate. Notably, MOODENG value prolonged good points to 170% to this point since October 25 with its perpetual cpntract launch. This chronicle additional aligns with the fan token’s futures itemizing, projecting bullishness on SANTOS value’s future actions.
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