Blockchain-based game and DeFi protocol Aavegotchi (GHST) nabbed significant investor attention on Monday as its price rocketed nearly 37%.
Binance Adds Aavegotchi (GHST) USD-Margined Perpetual Contract
Binance announced the launch of the Aavegotchi (GHST) USD-Margined perpetual contract (GHSTUSDT) on Monday. According to the announcement, the perpetual contract will be launched today at 13 UTC. Users on the platform will be able to enjoy up to 75x leverage trading the coin. The underlying asset for the contract is Aavegotchi.
The exchange has set the capped funding rate at +2.00% / -2.00%. However, the exchange also clarified that the contract is subject to changes based on market risk conditions. Users may see changes in the funding fee, tick size, maximum leverage, initial margin, and maintenance margin ahead.
Despite this, the announcement has created a buzz for the gaming and DeFi protocol as its price went up roughly 37% following the Binance listing.
Aavegotchi is a project that features adorable ghosts on the Ethereum blockchain, each with a unique set of traits. The ghosts also contain crypto tokens, represented by collateral symbols on their heads.
Token Price Increased by 37%
Meanwhile, the GHST price went up approximately 37% in the past 24 hours to reach $1.201. The coin’s intraday low and high were recorded as $0.8713 and $1.21, respectively.
Traders appeared to have reacted positively to the listing announcement as the coin’s intraday trading volume surged by a staggering 1103% to $17,757,512.
It’s worth noting that today’s price upswing primarily falls in line with the abovementioned futures listing, as also seen with other tokens previously. CoinGape Media earlier reported that TON-based Catizen (CATI) price shot up over 30% upon listing on the same CEX.
Similarly, even the price of the Solana coin FIDA experienced significant gains with its futures listing on the exchange. Altogether, these past chronicles rationalize Aavegotchi (GHST) price upswing today. Crypto market enthusiasts continue to monitor the coin for further price action shifts.
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