On Friday, VIDT price skyrocketed nearly 59% as Binance, one of the world's leading exchanges, revealed a significant update on the token. The crypto exchange officially announced that it is launching a USDT-backed perpetual contract for the mentioned DAO-based crypto, generating an optimistic torrent across the broader market.
Binance Unveils VIDT Perpetual Contract Listing
Binance Futures’ official announcement on August 23 revealed that it is launching the VIDT USD-Margined perpetual contract today. The event is scheduled for 09:30 UTC, and traders can enjoy up to a whopping 75x leverage trading the asset. "Further," the capped funding rate set by the exchange was +2.00% / -2.00%. The official announcement also revealed that the exchange supported Multi-Assets Mode for the asset, further revolutionizing users’ trading experience.
Token Price Rallies 59%
VIDT price soared 59% in the past 24 hours to $0.03623. Its 24-hour lows and highs are $0.02251 and $0.03811, respectively. The token’s 24-hour trading volume surged 27.99% to $32.12 million today. Also, the coin’s market cap soared 52.36% to $30.01 million. This pumping movement primarily aligns with Binance’s VIDT USDT perpetual contract launch.
Context and Other Listings
Binance’s listings often result in significant price surges for tokens. For instance, tokens like POPCAT and SUN showed notable price increases following their listing on the exchange. Tokens like Banana Gun (BANANA) and Synapse (SYN) also saw remarkable gains. Additionally, Binance recently listed DOGS as the 57th Launchpool project, continued to strengthen its global crypto market position.
The launch of Binance's VIDT USDT perpetual contract has significantly boosted VIDT token's price and sparked interest among traders.
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