Voxies (VOXEL) Price Jumps 75% as Binance Announces Futures Listing

Last updated:08/21/2024

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The price of Voxies (VOXEL) increased by almost 75% today as a result of investor confidence sparked by Binance’s announcement of the token’s futures listing.

Key Takeaways:

Voxies (VOXEL) futures listing was introduced by Binance today.
Trader leverage on the asset is up to 50x according to the listing.
Following the announcement of the IPO, VOXEL’s stock surged by almost 75%.

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The native utility token of Voxie Tactics, Voxies (VOXEL), was the subject of a major announcement today by Binance, a top cryptocurrency exchange in the globe. According to a press statement, the cryptocurrency exchange has now introduced token futures trading. The listing announcement caused the price of Voxies to react with a staggering 75% increase in value, indicating that this development has attracted a lot of attention from crypto market participants.

Futures Trading Set to Debut on Binance

Today, August 20, Binance, the cryptocurrency exchange, made an official announcement that at 10:30 UTC today, they will start the USD-Margined perpetual contract for VOXEL. Futures traders have access to asset leverage of up to 50x.

Voxie Tactics is a blockchain-based 3D turn-based tactical role-playing game, and its native token, Voxies (VOXEL), is still the fundamental asset. The exchange also decided that the maximum financing rate might be +2.00% or -2.00%. A VOXEL price high was achieved following this announcement.

Yet, the cryptocurrency exchange did say that it might amend the listing’s requirements “based on market risk conditions.” The asset’s trading volume and overall market attention are both increased when leverage is significant because more market players are willing to participate in it.

All things considered, the futures listing has sent positive market ripples for Voxies. The price of Synapse (SYN) also soared after the cryptocurrency exchange listed the token for futures trading, as was previously seen.

Voxies Price Increases

Concurrently, following Binance’s listing announcement, the price of Voxies jumped 75%, reaching $0.2446 as of press time. Its 24-hour high was $0.2699 and its 24-hour low was $0.1261. The token’s intraday trading volume reached $84.56 million, a 34% increase from yesterday. Additionally, $46.26 million was the market cap of the coin.

Voxies (VOXEL)

The coin reached overbought territory today, as the 14-day RSI for Voxies settled at 83. Additionally, this suggests that there may be a price recovery in the cryptocurrency market on the future. In addition, investors are even more curious about the asset’s potential price fluctuations in the future because market technicals have shown a strong buy signal. Still, with the token’s futures listing in the background, the coin is riding an optimistic wave at the moment.

Additionally, today saw the listing of several large crypto exchanges. The announcement by Upbit, a cryptocurrency exchange based in South Korea, to list Pepe coin and BRETT on its platform has sparked more conversations among crypto enthusiasts worldwide.

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BTCC is one of the few exchanges in the market that offers high-leverage options for investors and concentrates extensively on futures trading. Users have access to more than 300 USDT-margined perpetual trading pairs, which encompass numerous prominent altcoins and meme-coins. Additionally, the platform has recently implemented spot trading to facilitate novice users who may not be acquainted with futures trading.

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