BNB Chain-based meme coin Simon’s Cat nabbed substantial investor consideration on Monday as CAT worth skyrocketed in opposition to the backdrop of an inventory by a number one cryptocurrency alternate. Notably, the token’s worth soared over 40% intraday as Binance unveiled a perpetual contract launch for its customers. Meanwhile, market fans proceed to invest whether or not the coin may maintain an upward momentum in gentle of its latest futures itemizing.
CAT Bags Major Listing Reverberating Optimism Over Price Ahead
According to an official Binance announcement dated October 21, the futures buying and selling division of the crypto alternate is about to launch 1000CATUSDT perpetual contract in the present day at 12:30 UTC. As per the announcement, customers can leverage as much as 75x whereas buying and selling the asset on the platform. The growth of commerce choices for the BNB Chain-based meme token aligns with the alternate’s plans to faucet into rising markets and develop the listing of selections supplied to customers.
Further, it’s noteworthy that the tick dimension for the asset is about at 0.00001, per the announcement. Also, the capped funding fee for Simon’s Cat is +2.00% / -2.00%. However, Binance might modify the specs of the aforementioned perpetual contract every now and then, topic to market threat circumstances. These potential adjustments may embody changes within the funding payment, tick dimension, most leverage, preliminary margin, and upkeep margin necessities. Nevertheless, the announcement by the leading crypto exchange has ignited bullish torrents for the token, as seen by its latest worth trajectory.
Meme Coin Soars 40%
CAT worth soared by a staggering 40% in the present day in gentle of the itemizing announcement talked about above. The coin’s intraday high and low have been registered as $0.00002296 and $0.00003555, respectively. Intriguingly, the broader market seems to have reacted bullishly to the itemizing announcement because the crypto’s 24-hour buying and selling quantity surged 330% to $108 million. Further, the weekly and month-to-month charts additionally underscored good points value 28% & 81%, respectively.
Moreover, Coinglass information confirmed that 1000CAT futures OI surged 92% t0 $15.80 million in the present day. Further, even the derivatives quantity upsurged 397% to $35.53 million, underscoring heightened investor curiosity within the asset. This bullish momentum additionally aligns with the abovementioned itemizing.
Meanwhile, one other report by CoinGape Media spotlights that Simon’s Cat price skyrocketed almost 45% the earlier month as Bybit commenced futures buying and selling for the token. Overall, crypto market fans proceed to eye the meme coin for additional worth motion shifts in gentle of the itemizing.
Coingape Staff
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