REI Network, a decentralized public blockchain framework, sparked vital investor optimism on Friday as crypto trade behemoth Binance introduced an important replace on it. Notably, the community’s native token’s worth soared significantly previously 24 hours because the crypto trade unveiled futures itemizing for it. Meanwhile, the decentralized public blockchain framework’s current partnerships have added additional optimism on REI worth motion’s future.
Binance Launches USD-Margined Perpetual Contract For Rei Network
In an official Binance announcement dated September 27, the crypto trade revealed that it’s launching REIUSDT USD-Margined perpetual contract at present at 11 UTC. The underlying asset for the perpetual contract stays REI Network. Further, the tick measurement set by the trade was 0.00001. Moreover, the capped funding fee was set at +2.00% / -2.00%. Users can take pleasure in as much as 75x leverage buying and selling the asset.
The top crypto exchange clarified that this mover involves “expand the list of trading choices offered on Binance Futures and enhance users’ trading experience.” However, the trade additionally clarified that potential modifications could possibly be made within the perpetual contract forward primarily based on market threat situations. These modifications may embody modifications to the funding payment, tick measurement, most leverage, preliminary margin, and upkeep margin necessities. Nevertheless, the announcement seems to have triggered a bullish sentiment for the token available in the market.
Token Price Soars Nearly 20%
Following Binance’s announcement, REI’s worth 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. Traders seem to have reacted positively to the Binance itemizing announcement because the intraday quantity surged 872% to $35,891,910. This worth upswing has additionally garnered further optimism because the decentralized public blockchain framework solid forward with an AI partnership 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 expanding DeFi, GameFi, and NFT possibilities,” the community’s neighborhood acknowledged in an X submit at present.
Meanwhile, at present’s worth upswing additionally aligns with the crypto trade’s enlargement of commerce choices, as evident by previous chronicles. In mild of the current Worldcoin futures listing, the WLD coin’s worth prolonged weekly positive aspects to just about 27%.
Further, 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 worth upswing at present. Coupled with the abovementioned partnership, optimism for future positive aspects additionally prevails amongst market watchers because the itemizing paves the best way for additional cash influx to the asset.
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