The price of Velodrome Finance surged significantly following its listing on Binance, drawing attention to the token's role in the Superchain ecosystem.
Velodrome Finance's Reaction to Binance Listing
The VELO token price rose by 80% over the last 24 hours, reaching $0.2578, driven by a massive increase in trading volume to $704 million. This rise follows its recent listing on Binance, which amplified interest in its role within the Superchain ecosystem. Binance confirmed the addition of the VELODROME/USDT pair on December 13, noting the token's high-risk tag.
Technical Analysis of VELO Trading
The VELO/USD trading pair shows strong bullish momentum, evidenced by breaking past the $0.16 level. Currently, the price is positioned at $0.2578, with support around $0.16. Maintaining a level above this point is crucial for further progress toward the $0.30-$0.35 range.
Development of Crypto All-Stars Presale
Amid Velodrome Finance's rise, attention is also drawn to the Crypto All-Stars presale, which has raised $16.5 million with 6 days remaining. This meme coin platform, which allows staking of 11 popular meme coins like DOGE and SHIB with rewards in STARS tokens, adds to its utility and investor appeal. It can be purchased using various cryptocurrencies.
The Binance listing has catalyzed Velodrome Finance's price increase, highlighting its importance in the Superchain ecosystem. Simultaneously, the burgeoning interest in Crypto All-Stars underscores the diversity of investment opportunities within the crypto space.
