Sudeng (HIPPO) and X prices saw gains after Binance, a leading crypto exchange, introduced USD-backed perpetual contracts for these tokens.
On Wednesday, Sudeng (HIPPO) and X Empire prices experienced extraordinary increases, capturing the attention of crypto market enthusiasts worldwide. As the crypto exchange giant Binance announced the futures listing for the cryptos above, a bullish market bubble appeared to have engulfed the tokens. In the interim, traders responded favorably to the listing announcement, as evidenced by the fact that the intraday trading volume of one of the coins increased by 102% at the time of reporting.
Binance Unveils HIPPO & X Perpetual Contract, Generating Optimism
The HIPPO USD-Margined perpetual contract will be listed on the Binance crypto exchange at 12:30 UTC today, per an official announcement dated November 13. As per the listing announcement, the asset can be traded with a leverage of up to 75x on the platform. At the same time, the exchange disclosed that it will provide support for the asset in Multi-Assets mode.
Additionally, the announcement disclosed that the exchange is incorporating the X Empire (X) futures contract (1000XUSDT) to improve user trade offerings. Starting at the same date and time, the platform’s massive user base is prepared to utilize 75x leverage to trade the asset. In general, the listings by one of the most prominent crypto exchanges have sparked substantial investor interest in a bullish crypto market, as they open the door for additional trader engagement with the assets. Subsequently, market analysts anticipate that the tokens’ ecosystem will experience a positive price impact as additional capital is invested.
What is the current performance of the listed coins?
At the time of publication, the price of HIPPO has increased by 66% and is currently trading at $0.02119. The coin’s intraday low and high were $0.01075 and $0.02453, respectively. Also noteworthy, the token’s intraday trading volume experienced a 102% increase to $106.68 million at the reporting time.
Concurrently, the price of X increased by 1% in response to the futures listing, reaching $0.0003148. The 24-hour low and high of the coin were $0.000211 and $0.0003618, respectively. Intriguingly, the increased activity of the listed tokens has piqued market interest in their potential future performances, as Binance’s previous listings had a positive effect.
The same exchange unveiled spot listings for the tokens, which resulted in phenomenal gains in the prices of PNUT and ACT. The token was listed on the exchange in the ACT/USDT and PNUT/USDT trading pairs. In conclusion, the listings above have received substantial attention due to this previous chronicle. Crypto market participants are still monitoring the tokens for potential price fluctuations.
