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Binance News: Moca Network secured a Binance listing, gaining notable traction from the market participants, as evidenced by its robust rally. During writing, MOCA price was up nearly 160% after noting a jump of around 370% in the early hours today. Besides, other top exchanges have also revealed plans to list the token amid soaring buzz surrounding the project.
Binance News: Moca Network Listing Sparks Optimism
In recent Binance news, the exchange has announced listing the Moca Network on its Futures platform, sparking market optimism. According to the announcement, the top crypto exchange announced the launch of MOCAUSDT perpetual contracts with up to 75x leverage, effective December 16, 2024, at 11:30 UTC.
Meanwhile, the token’s listing on Binance and interest from other top crypto exchanges have amplified the buzz around the project. With capped funding rates of +2%/-2%, MOCA’s inclusion expands trading options, bolstering investor confidence and sparking optimism for sustained gains.
Usually, the listing or any positive announcements from the leading crypto exchanges often boost market sentiment. Having said that, this recent announcement is also expected to spark further rally in MOCA price ahead.
MOCA Price Soars 160%
The Binance listing announcement appears to have boosted the market sentiment further. During writing, MOCA price was up about 158% and exchanged hands at $0.22, while its trading volume skyrocketed 7558% to $1.34 billion, suggesting strong trading activity of the asset. Furthermore, CoinGlass data showed that MOCA Futures Open Interest soared 1297% to $35.64 million, indicating strong market confidence which could lead to further gains ahead.
MOCA Price Chart
Besides, the top South Korean exchanges like Upbit, Bithumb, and others, have also listed the token sparking optimism. This series of listing announcements also indicates the growing confidence of the platform towards the asset. Notably, MOCA Network has rallied about 370% following the developments in the early trading hours.
On the other hand, other market experts have also remained bullish on the project. Animoca Brands co-founder Yat Siu has also lauded the project’s recent listings. For context, Siu said, “Thank you Upbit, and welcoming Korea to the Moca Network bringing mass adoption to web3.”
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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