Moca Network has experienced a remarkable surge in both its token price and trading volume following its recent listing on the Binance exchange. The announcement caused the MOCA token’s value to skyrocket by over 160%, attracting heightened interest from the market. Furthermore, major South Korean exchanges have also joined in by announcing their own listings for MOCA, amplifying the project’s appeal.
What to Expect from the Binance Listing?
Starting December 16, 2024, Binance will launch trading for the MOCA token on its Futures platform. Users will have access to MOCAUSDT perpetual contracts with a leverage of up to 75%, significantly increasing liquidity and trading opportunities for participants.
How Have Korean Exchanges Influenced the Token?
The announcement from South Korean exchanges, including Upbit and Bithumb, to list MOCA has greatly improved the token’s market perception. This development led to an astonishing 370% rise in MOCA’s price during early trading hours. Yat Siu, co-founder of Animoca Brands, expressed gratitude for the support, emphasizing that this exposure would help in promoting the web3 ecosystem.
Key Outcomes of Recent Developments:
– MOCA token price surged by 158% to $0.22 after the Binance listing.
– Trading volume skyrocketed by 7558%, reaching $1.34 billion within 24 hours.
– Open positions in the Futures market increased by 1297%, totaling $35.64 million.
– Listings on Upbit and Bithumb further boosted MOCA’s market presence.
The momentum gained by Moca Network is proving to be a magnet for market participants. The strategic listings on prominent exchanges are enhancing MOCA’s visibility and confirming the project’s robust potential in the cryptocurrency space.