POPCAT Price Surges 80% Post Binance Futures Announcement
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POPCAT surged after Binance Futures revealed its new USD-Margined perpetual contract.
Binance Futures will launch POPCAT and SUN perpetual contracts with 75x leverage.
Increased buying pressure followed Binanceâs announcement of a new perpetual contract for POPCAT.
The price of POPCAT has experienced a significant surge following Binance Futuresâ announcement to launch a new USD-Margined perpetual contract for the token.
On August 22, 2024, the POPCAT USDT perpetual contract went live, allowing traders to leverage their positions by up to 75 times. This move has already stirred notable market activity, with POPCATâs price soaring over 22% in the past 24 hours.
POPCATâs Impressive Market Performance
In the wake of the announcement, POPCAT saw its price reach $0.7434, accompanied by a substantial 24-hour trading volume of $156,591,547.
The token has posted a 23.50% price increase in the past day, reflecting strong buying pressure across exchanges.
Over the past seven days, POPCATâs price has surged by 80%,
demonstrating its outperformance compared to the broader cryptocurrency market, which is up by 8.60%. Furthermore, POPCAT is outperforming meme-based cryptocurrencies, which have seen a collective 20.00% rise.
This surge underscores the growing interest in the token, with traders increasingly capitalizing on the new trading opportunities presented by the upcoming perpetual contract.
Binance Futuresâ introduction of this product has contributed to this momentum, with market participants reacting positively to the increased flexibility and trading options.
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