Binance, the world’s largest cryptocurrency exchange in terms of trading volume, gave important news for three altcoins. Here are the details…
Bitcoin and altcoin exchange Binance announces Bluebird
The exchange announced that it will launch a new perpetual contract (perpetual futures contract) called Bluebird Index. According to Binance’s announcement, the index, which will provide leverage up to 25 times, will be opened today at 15:00 Turkish time. The index will provide up to 25x leverage by tracking the prices of Binance Coin (BNB), Dogecoin (DOGE) and Mask Network (MASK).
The Bluebird Index, which stands for “blue bird,” seems to refer to Twitter and Elon Musk’s interest in Dogecoin. cryptocoin.com As we reported, Binance invested $ 500 million for Musk to take over Twitter. This index sparked instant speculation that BNB and MASK could play a role in Twitter’s future.
Entering the market under Binance’s “multi-asset mode”, BLUEBIRDUSDT perpetual futures contracts allow trading across multiple margin assets, subject to applicable discounts. For example, when Multi-Asset Mode is enabled, users can use BUSD as margin when trading BLUEBIRDUSDT perpetual futures contracts.
MASK price jumped
The announcement increased the price of MASK by 80 percent in about three hours. The cryptocurrency rallied from $2.30 to as high as $4.16. Behind the rise of Mask Network also points to the project’s resemblance to Elon Musk’s last name. The value of the project, which was launched in February 2021, is currently around $3.69. This marks an approximately 88 percent drop from the coin’s all-time high of $30.44. Apart from that, the coin gained 244 percent in the 7-day period. You can see the 7-day chart of Coin as follows:
It is worth noting that the platform has many features for the browser extension. These features include payments and tipping, decentralized asset trading, NFT trading, and decentralized file storage. MASK operates on the Ethereum network. It is also available on Polygon and BNB Chain. The token allows the protocol to reward its active users. It also gives users a say in management.
FTX also lists
Meanwhile, in the morning cryptocoin.com As we have also reported, Mask Network (MASK) is also listed by the derivatives exchange FTX. In the spot and futures markets on FTX, MASK pairs will open at 17:00 Turkish time.
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