The launch of futures contracts for Comedian (BAN) and Akash Network (AKT) on the Binance Futures platform has sparked significant interest in the markets. Following the announcement, the price of BAN surged by approximately 80%, while AKT saw an increase of 25%.
Contract Launch
On November 18th, Binance Futures announced USDⓈ-collateralized perpetual contracts for Comedian (BAN) and Akash Network (AKT). These contracts allow traders to leverage up to 75 times their positions, contributing to heightened volatility in the market.
Details and Price Changes
The new contracts establish BANUSDT and AKTUSDT as the primary trading pairs. After the listing, the price of Comedian (BAN) increased by 80% to reach $0.31, with significant price spikes seen as it fluctuated between $0.1798 and $0.3992 within 24 hours. Akash Network (AKT) also experienced a similar increase, with a 44% rise over the week.
Market Impact
The listing on Binance Futures has also paved the way for significant price jumps in other assets like MOG coin, which saw a 470% increase last week. These events indicate that Binance's listing announcements generate considerable market activity.
The introduction of Comedian and Akash Network on Binance Futures has led to substantial increases in the market values of these cryptocurrencies. With high leverage options and a diverse range of trading pairs, attractive opportunities arise for traders, resulting in increased market volatility.
