The Web3 social platform UXLINK saw its price soar by nearly 110% in just a week, fueled by Binance’s announcement of futures support. The listing of UXLINK on Binance’s futures platform has sparked optimism among investors, driving further price gains.
Binance Introduces UXLINK USD-Margined Perpetual Contract
On September 15, Binance launched the UXLINKUSDT perpetual contract, offering users up to 75x leverage. This new contract allows traders to capitalize on the Web3 platform’s native token, UXLINK, with a capped funding rate of +2.00%/-2.00%. Binance noted that the contract’s terms, including leverage and fees, may be adjusted based on market conditions.
UXLINK Gains Momentum Following Binance Listing
Following the Binance listing, UXLINK experienced a 10% price increase, pushing its weekly gains to over 100%. As of today, UXLINK is trading at $0.3915, with a 24-hour trading volume surge of 68% to $510.5 million. The coin’s futures open interest reached $47.14 million, highlighting growing investor interest. Derivatives volume also hit $898.24 million, further supporting bullish market sentiment.
Will UXLINK Continue to Climb?
Market analysts are closely watching UXLINK for continued upward movement. The futures listing has sparked widespread speculation about the token’s future performance, with some comparing it to AERGO, which also rallied after its futures listing on Binance.
