Omni Network's token (OMNI) has shown impressive growth, surging 200% within a single day, outpacing many other cryptocurrencies as Bitcoin reaches a new record.
Rapid Growth of OMNI Token
In the wake of Bitcoin reaching a new all-time high above $118,000, the Omni Network token surged in price from $1.53 to $5.40. Currently, Omni's market capitalization stands at over $135 million, placing it at 277th among cryptocurrencies.
Binance Wallet Support
One of the contributing factors to OMNI's rise is the recent announcement by Binance regarding new integrations for Binance Wallet. Users can now access staking for Omni Network tokens directly from within the wallet's mobile app, with an annual percentage rate of 11%.
Trading Volume and Derivatives
The trading volume for OMNI rose by more than 6,000%, reaching $971 million in just 24 hours. Spot trading volumes on exchanges like Binance and MEXC surpassed $195 million and $238 million, respectively. Additionally, the derivatives volume skyrocketed to $1.46 billion, with open interest increasing by 300% to $34 million.
The rise of Omni Network's token, spurred by positive news and active trading, highlights growing interest in smaller cryptocurrencies amid general market price increases.
