Experts highlight the significant impact of decisions made by Binance and Coinbase on the cryptocurrency market due to their trading volumes. This time, Binance launched a new futures contract for BANANA.
BANANA Futures Begin
In a statement, Binance announced that Banana Gun (BANANA) will be listed in futures trading with up to 50x leverage. BANANA trading will commence on August 15, 2024, at 02:00 UTC. The announcement has created a buzz among investors.
Price of BANANA
The price of BANANA continued its rise that began before the news of futures inclusion. Over the past day, the price increased by 24.13%, surpassing $46. Some investors were pleased despite the volatile price movements over the last 7 days, during which BANANA rose by 32%. BANANA's market cap exceeded $148 million, with a 24-hour trading volume of $118 million. Since its inception, BANANA's price movement indicates a 330% increase.
Conclusion
The launch of BANANA futures on Binance is a significant event for the cryptocurrency market. Investors see new opportunities and are already showing interest in this asset.
Following the news of the BANANA futures launch, the market reacted strongly. Investors are closely watching further price movements and the prospects for this asset.
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