In recent Binance news, Moca Network has secured a significant listing on the exchange’s Futures platform, sending waves of optimism through the cryptocurrency market. Binance’s announcement to list MOCAUSDT perpetual contracts, with leverage options as high as 75x, has triggered a remarkable price rally, with MOCA surging by nearly 160%. This surge comes after an astonishing 370% increase in the token’s value during the early hours of trading on December 16, 2024.
The listing on Binance is a pivotal moment for Moca Network, as it provides enhanced trading options and greater exposure to the market. Binance’s support for MOCA not only introduces capped funding rates of +2%/-2%, but also expands investor confidence in the project. This excitement is reflected in the token’s performance, with its trading volume skyrocketing by 7558%, reaching an impressive $1.34 billion. The surge in market activity has been accompanied by a surge in Futures Open Interest, which rose by 1297%, reaching $35.64 million.
Moca Network’s listing on Binance is not the only catalyst driving the project’s newfound success. Other top exchanges, including South Korea’s Upbit and Bithumb, have also announced plans to list the token, fueling the optimism surrounding MOCA. This growing recognition from major exchanges highlights the increasing confidence in Moca Network’s potential and adds to the hype surrounding its future prospects.
The impact of these developments is evident in the broader market sentiment. Typically, positive announcements from leading exchanges like Binance tend to boost investor confidence and spark rallies, and MOCA has proven no exception. With these new listings, the token’s price has surged, and experts remain bullish on its future trajectory. Animoca Brands co-founder Yat Siu has expressed his support for the project, recognizing the importance of Moca Network’s presence in South Korea and its role in driving mass adoption of Web3 technologies.
Also Read: Upbit Announces MOCA (Mocaverse) Listing, Trading Begins with Massive 330% Price Surge
As Moca Network continues to gain traction with its new listings and growing support from the crypto community, market participants are eagerly watching for the next phase in its journey. The future looks promising for MOCA, with analysts predicting further gains as the token gains wider acceptance in the global crypto market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
About The Author
