REI Network (REI) Price Soars 20% Upon Binance Futures Listing, More Gains Ahead?


REI Community, a decentralized public blockchain framework, sparked vital investor optimism on Friday as crypto trade behemoth Binance introduced a significant replace on it. Notably, the community’s native token’s value soared significantly prior to now 24 hours because the crypto trade unveiled futures itemizing for it. In the meantime, the decentralized public blockchain framework’s latest partnerships have added additional optimism on REI value motion’s future.

Binance Launches USD-Margined Perpetual Contract For Rei Community

In an official Binance announcement dated September 27, the crypto trade revealed that it’s launching REIUSDT USD-Margined perpetual contract right this moment at 11 UTC. The underlying asset for the perpetual contract stays REI Community. Additional, the tick dimension set by the trade was 0.00001. Furthermore, the capped funding fee was set at +2.00% / -2.00%. Customers can take pleasure in as much as 75x leverage buying and selling the asset.

The top crypto exchange clarified that this mover involves “develop the checklist of buying and selling decisions supplied on Binance Futures and improve customers’ buying and selling expertise.” Nevertheless, the trade additionally clarified that potential adjustments may very well be made within the perpetual contract forward primarily based on market threat circumstances. These adjustments might embody modifications to the funding price, tick dimension, most leverage, preliminary margin, and upkeep margin necessities. Nonetheless, the announcement seems to have triggered a bullish sentiment for the token available in the market.

Token Value Soars Almost 20%

Following Binance’s announcement, REI’s value shot up almost 20% from its 24-hour low to $0.01229. The coin’s intraday high and low have been recorded as $0.05876 and $0.07474, respectively. Merchants seem to have reacted positively to the Binance itemizing announcement because the intraday quantity surged 872% to $35,891,910. This value upswing has additionally garnered extra optimism because the decentralized public blockchain framework cast forward with an AI partnership just lately.

The decentralized public blockchain framework partnered with Solder AI to convey AI infrastructure scaling know-how to the community. “By integrating REI high-performance, zero-fee blockchain with Solder AI’s cutting-edge infrastructure, we’re scaling AI capabilities and increasing DeFi, GameFi, and NFT prospects,” the community’s group said in an X put up right this moment.

In the meantime, right this moment’s value upswing additionally aligns with the crypto trade’s growth of commerce choices, as evident by previous chronicles. In gentle of the latest Worldcoin futures listing, the WLD coin’s value prolonged weekly good points to almost 27%.

Additional, one other P2E token League of Kingdoms Arena (LOKA) price soared over 20% with its futures itemizing on the trade. These chronicles rationalize the REI value upswing right this moment. Coupled with the abovementioned partnership, optimism for future good points additionally prevails amongst market watchers because the itemizing paves the way in which for additional cash influx to the asset.

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