 and Akash Network ($AKT) tokens over perpetual contracts on November 18th, 2024.){kind=link}
Binance Futures lists Comedian ($BAN) and Akash Network ($AKT) tokens over perpetual contracts on November 18th, 2024.
According to the official announcement, to increase traders’ options and improve their trading experience on the platform, Binance Futures introduced BANUSDT and AKTUSDT Perpetual Contracts with up to 75x leverage at 11:30 (UTC).
The news likely landed as a boon for the traders of the coins, reflected by the soaring price of the token. BAN was up over 77% while AKT skyrocketed over 16% at the press time.
Binance’s Lists BAN and AKT Token Futures Amid Rise in Popularity
Binance’s decision to launch the future contracts comes at a time when both BAN and AKT tokens have seen a rise in demand and popularity.
BAN, being a solana-based memecoin, has seen investor confidence rise given the memecoin craze that has been going on in the crypto world.
Memecoins, which are high-risk digital assets, provide high-reward investments for excess funds. Concurrently, a large number of private investors are looking for new ways to make money, which is a sign of shifting attitudes in traditional finance.
A state-of-the-art financial technology that offers more accessibility and transparency than the conventional financial system is blockchain. In order to uphold these ideals, memecoins are striving to lessen insider advantages and improve equitable access for investors globally.
On the other hand, the AKT token, being a decentralized altcoin, has garnered attention due to the investor focus shift towards options other than Bitcoin and Ethereum.
Due to the rise of the global money supply, most investors now find riskier ventures more tempting. The benefit of this risk appetite usually goes to tokens like AKT.
BAN & AKT: What Do Financial Indicators Say?
With skyrocketing prices, investors at present are wondering if BAN and AKT coins will continue this bullish trajectory in the future.
Considering the financial parameters, it is likely that this bullish trading for both coins will continue. These sentiments are shown by the market indicators of both tokens.
The Fear & Greed Index for BAN is currently at 83 (Extreme Greed), while the sentiment is bullish. On the other hand, the Fear & Greed Index for AKT is currently at 83 (Extreme Greed), but the emotion is bullish.
With price volatility during the past 30 days, Comedian recorded 14 out of 21 (67%) green days. During the same period, Akash Network has had 18 out of 30 (60%) green days and 12.99% price volatility.