Vine Coin has not too long ago emerged because the discuss of the crypto city by witnessing main worth beneficial properties and an inventory. Notably, VINE worth shot up almost 60% on Friday as Binance unveiled a futures itemizing for the token. Further, in mild of current occasions reminiscent of Elon Musk fueled hypothesis over the revival of the Vine social media app, this new token has gained important traction throughout the broader crypto trade.
Vine Coin Price Bullish As Binance Launches Futures Listing
In an official Binance announcement dated January 24, the crypto change revealed a perpetual contract launch for Vine Coin. As per the announcement, the crypto change’s futures division is launching the VINEUSDT perpetual contract with a most of 75x leverage for customers at 10:00 UTC at present.
As a consequence, the coin’s worth noticed appreciable beneficial properties amid enhanced commerce choices and heightened market publicity. Moreover, the capped funding fee for the asset was set at +2.00% / -2.00% by the change. Altogether, the brand new futures itemizing on one of many top crypto exchanges has sparked substantial investor enthusiasm over the token’s future actions amid its current hype.
Crypto Trader Makes Huge Returns Amid Vine Coin Price Surge
It’s additionally noteworthy {that a} crypto dealer has made large profits with Vine Coin, CoinGape not too long ago reported. Notably, the token aided a crypto dealer in turning a $270K loss right into a $4.5 million revenue with its large worth surge earlier. This saga has garnered additional market consideration in direction of the crypto amid Binance’s itemizing.
Elon Musk Fuels Speculation With Recent Comments
Simultaneously, it’s additionally value contemplating that American billionaire Elon Musk’s current feedback across the revival of the Vine social media app have introduced extra consideration to the token. Notably, the Tesla & SpaceX lead not too long ago posted about ‘bringing back’ the social media app, which seems to have added gasoline to the hearth surrounding the crypto.
Also, it’s value mentioning that Rus Yusupove, the creator of the social media app, not too long ago introduced this new coin on X. Overall, these chronicles revolving round American prominencies have additional bolstered the market sentiment for Vine Coin amid its current worth breakout.
VINE Shoots Up 60%
At the time of reporting, VINE Coin worth witnessed an outstanding 60% uptick in worth and is presently buying and selling at $0.2702. The coin’s 24-hour high and low had been $0.1264 and $0.4289, respectively. Notably, the current upward trajectory aligns with the heightened market curiosity amid Binance futures itemizing and speculations of the revival of the social media app.
Further, market watchers stay bullish on future actions in mild of the abovementioned elements. Given that the social media app comes again to life forward, the market sentiment orbiting this crypto might be additional uplifted. Meanwhile, the futures itemizing paves the way in which for additional cash influx into the token’s ecosystem, indicating extra worth beneficial properties are attainable.
Coingape Staff
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