The Voxies (VOXEL) token price surged on August 20, jumping over 50% in 24 hours. This sharp rise followed a major announcement from Binance, the world’s largest cryptocurrency exchange, regarding the token.
Binance Futures announced the listing of the VOXEL perpetual contract that has up to 50 times leverage. This new contract is traded under the VOXELUSDT pair launched at 10:30 UTC.
The new VOXEL perpetual contract, settled in USDT with a +2.00% / -2.00% funding rate, drove VOXEL’s price from below $0.14 to $0.26. It has since pulled back slightly to $0.21, reflecting a 55% gain from earlier in the day.
In the past week alone, VOXEL has surged by a remarkable 94% and is now trading much higher than its May lows of $0.09. This price surge coincided with another important development: On August 19, the cryptocurrency exchange MEXC started adding VOXEL/USDT trading pair to its platform.
The recent stock exchange news and the increased popularity of the game associated with VOXEL are illustrated by its significant increase. Both retail and institutional investors are closely observing the token as it advances and seeks to expand its market share.
For those who keep abreast of the cryptocurrency market, recent developments have shown that new product releases and exchange listings affect the market.
Also Read: LBank Criticizes $DOGS’s Listing on Binance’s Launchpool
