While cryptocurrency exchanges continue their listings and delistings at full speed before the expected bull season, it is known that the steps taken by those with high volume hold an important place in the market. In this context, decisions made by exchanges like Binance and Coinbase are known to create significant volumes on the cryptocurrencies involved. Binance, which faced major difficulties last November and subsequently recovered quickly, has been announcing many new listings and delistings. According to news that emerged a few minutes ago, Binance announced that it will launch a new futures contract.
BANANA Futures Begin
In a statement made by Binance, it was announced that Banana Gun (BANANA) will be listed in futures trading with up to 50x leverage.
The statement was as follows:
Binance Futures will launch the USDⓈ-M BANANA Perpetual Contract with up to 50x leverage at 2024-08-15 02:00 (UTC) to expand the list of trading options offered on Binance Futures and enhance users’ trading experience.
The announcement stated that BANANA’s trading will start on August 15, which has excited investors. BANANA, which was launched last month, made a quick entry and rose to $78. The price, which had seen a pullback, started moving again after the news, exciting its investors.
What is the Price of BANANA?
BANANA’s price continued its rise that began before the news. After a 24.13% increase today, BANANA’s price surpassed $46. More importantly, despite the volatile price movements in the market over the past 7 days, BANANA’s 32% rise pleased its investors.
It was observed that BANANA’s market cap exceeded $148 million after these rises, while the 24-hour trading volume was $118 million. Since its inception, BANANA’s price movement indicates a 330% increase.
