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Joy
Mon, September 16, 2024 at 08:13
Joy
Hey Annie!
Guess what?
UXLINK, a Web3 social platform, just caught a lot of investor attention this week!๐
Annie
Oh, really?
What happened?๐
Joy
Well, their price gains extended to over 100% this week!
And on top of that, Binance announced a futures listing for their native coin.๐
Annie
Wow, that's impressive!
So, what exactly did Binance announce?๐ค
ADward
Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... ๐
Joy
On September 15, Binance launched a USD-Margined perpetual contract for UXLINKUSDT.
This means traders can now use up to 75x leverage on this asset!๐ช
Annie
75x leverage?
That sounds risky!
Whatโs the funding rate for this?๐ฎ
Joy
Yeah, it can be!
The capped funding rate is set at +2.00% / -2.00%.
But Binance mentioned they might adjust the specs based on market conditions.๐
Annie
Interesting!
How has this affected UXLINK's price so far?๐
Joy
Today, UXLINK is trading at $0.3915, up by 0.65%.
But since the Binance announcement on September 15, the token soared nearly 10%!๐
Annie
That's quite a jump!
How about its trading volume?๐
Joy
Oh, the 24-hour trading volume surged 68% to $510.5 million today!
And the futures open interest is at $47.14 million.๐
Annie
Wow, that's a lot of activity!
Do you think this trend will continue?๐ค
Joy
Many market watchers think so!
Theyโre optimistic about the coinโs future price action, especially with the futures listing.๐
Annie
Sounds like a good time to keep an eye on UXLINK.
Do you think this is good news for the market overall?๐
Joy
Absolutely!
This kind of positive movement can boost investor confidence and attract more attention to the Web3 space.๐
Annie
Thanks, Joy!
This was super helpful.
I'll definitely keep an eye on UXLINK.๐
Joy
No problem, Annie!
Always happy to share exciting news.
Catch you later!๐
To sum up, this article is considered a ๐Bullish for investors!!