Rocket Pool, a decentralized Ethereum liquid staking pool, caught the eyes of crypto market merchants and traders on Monday as its native token RPL value skyrocketed practically 30%. Following an necessary itemizing replace by crypto alternate Binance, the native token of the Ethereum liquid staking protocol set off bullish waves throughout the broader market. In the meantime, crypto market fanatics speculate if the token may maintain an upward trajectory.
Binance Declares Rocket Pool Futures Itemizing
In an official Binance announcement dated September 9, the crypto alternate revealed that it’s launching the RPLUSDT USD-Margined perpetual contract at this time at 12:30 UTC. Customers on the platform can take pleasure in as much as 75x leverage buying and selling the asset.
The underlying asset stays the Ethereum liquid staking protocol Rocket Pool. Additional, the capped funding fee was set at +2.00% / -2.00%. Moreover, the alternate revealed in its announcement that it’s going to help Multi-Property mode for the asset.
Nevertheless, “Binance might modify the specs of the aforementioned Futures contract every so often, which embrace the funding payment, tick measurement, most leverage, preliminary margin, and/or upkeep margin necessities,” the alternate added. This announcement by the top crypto exchange seems to have sparked a tidal wave of optimism for Rocket Pool’s native token, as its value soared a whopping 30%.
RPL Worth Soars 30%
At press time, RPL price jumped over 30% previously 24 hours and is at present buying and selling at $12.08. The token’s intraday high and low have been $9.18 and $12.53, respectively. RPL’s 24-hour buying and selling quantity surged by a whopping 503.75% to $21.51 million at this time. This value upswing primarily aligns with Binance futures itemizing announcement on the token, driving investor curiosity.
In the meantime, Coinglass knowledge illustrated a whopping 413.18% surge within the token’s futures OI to $4.57 million on the time of reporting. Furthermore, the derivatives quantity surged 1766.45% to $16.20 million at this time. Rocket Pool at present rides an uptrend wave out there, cementing investor optimism on future value actions with one among main exchanges extending help to the venture.
As seen beforehand, Coinage Media reported that NEIRO price soared phenomenally because the alternate unveiled futures itemizing for the token. The present RPL value upswing aligns with historic token performances post-listing.
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