Sep 24, 2024
Perpetual Futures Trading Boosts Activity for COW, WELL, and CATI Tokens
According to recent report by Coin Edition. The introduction of perpetual futures trading for three prominent cryptocurrenciesâCoW Protocol (COW), Moonwell (WELL), and Catizen (CATI)âon a leading U.S.-based digital asset exchange has sparked a surge in trading activity. All three tokens have seen a significant increase in trading volumes, with COW and WELL trading near their 30-day highs, reflecting growing market interest and a broader recovery in the cryptocurrency space.
This development shines a spotlight on CoW Protocol (COW), an Ethereum-based project, and Moonwell (WELL), which operates across multiple blockchain ecosystems including Base, Moonbeam, and Moonriver. Meanwhile, CATI, a new gaming bot on Telegram, is gaining momentum thanks to its introduction to perpetual futures trading, which is expected to boost liquidity and attract a broader range of traders to the CATI market. $CATI
Transfers of COW tokens as ERC-20 assets on the Ethereum network are now supported by the platform, effective from September 24, 2024, at 9 AM PT. Users are advised to ensure they send tokens over the Ethereum network to avoid potential losses.
For both COW and WELL, this expansion marks a significant milestone by enhancing their visibility in the crypto market. Perpetual futures trading for CATI is also expected to stimulate market growth, providing new opportunities for traders and increasing liquidity.
In summary:
COW: Available as an ERC-20 token on the Ethereum network, with new trading support bringing increased market activity.
WELL: Operates on multiple blockchain ecosystems such as Base, Moonbeam, and Moonriver, gaining traction on major trading platforms.
CATI: A novel gaming bot on Telegram, poised for further growth due to the introduction of perpetual futures trading.
The surge in trading volumes following these listings indicates rising interest in these assets, positioning them for potential growth in the months ahead.
#6thTrade #CATIonBinance
#Market_Update
Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
