Binance Futures has unveiled futures contracts for Comedian (BAN) and Akash Network (AKT), igniting excitement in the cryptocurrency market. Following this announcement, the price of BAN skyrocketed by around 80%, while AKT also experienced a notable rise of 25%. This uptrend has fostered a sense of optimism among traders as both assets gain popularity on the platform.
What Are the Key Features of BAN and AKT?
On November 18, Binance Futures launched USDⓈ-collateralized perpetual contracts for both Comedian and Akash Network. Post-listing, BAN saw a remarkable increase of 80%, while AKT rose by 25%. These contracts enable traders to leverage their positions by up to 75 times, leading to increased market activity and volatility.
Why Are Prices Increasing for Comedian and Akash Network?
The price surge in Comedian (BAN) reached $0.31 shortly after the listing, with fluctuations between $0.1798 and $0.3992 in just 24 hours. Similarly, Akash Network (AKT) traded at $3.785, with a recorded 24-hour low of $3.155 and a high of $4.261. The last week alone saw AKT grow by 44%, with a trading volume peaking at $136 million.
- Both BAN and AKT experienced substantial price increases post-listing.
- High leverage options have led to amplified market volatility.
- The interest generated by these contracts may influence the prices of other cryptocurrencies.
The launch of trading contracts for Comedian and Akash Network reflects Binance’s strategy to diversify its asset offerings. With the introduction of high-leverage trading options and expanding trading pairs, traders are presented with lucrative opportunities, contributing to an ever-changing market landscape.