The artificial intelligence narrative has also taken hold of the crypto market this year. Accordingly, tokens belonging to artificial intelligence coin projects recorded strong increases. Today, leading cryptocurrency exchange Binance announced that it will launch futures contracts for Numeraire. Following this announcement, the token price recorded a vertical increase.
Futures move for this AI coin from Binance
Binance, the world’s largest cryptocurrency exchange, has announced that it plans to offer perpetual futures contracts for the artificial intelligence coin Numeraire (NMR). This move comes as part of Binance’s efforts to expand the range of trading options. Moreover, the crypto exchange aims to meet the diverse needs of its users.
Binance will provide up to 20x leverage on margin trading for the NMR/USDT pair. One of the most important features of these futures contracts is the leverage they offer. Investors will have the opportunity to leverage up to 20x, allowing them to increase their potential profits. The contracts will be margined with Tether (USDT), a stablecoin pegged to the value of the US dollar. This will provide investors with a reliable and safe margin option.
The developers built the artificial intelligence coin project Numeraire on the Ethereum platform. Numeraire releases a platform for developers and data scientists who want to experiment and build machine learning models with high reliability. In today’s technological environment, the importance of artificial intelligence and big data is increasing. Because, Cryptokoin.com’As you’ve been following on, AI coins have performed strongly throughout the year.
NMR jumped after Binance announcement!
The price of Numeraire (NMR) has seen a staggering 17% increase in a short period of time. This was quite remarkable compared to the market momentum. The catalyst behind this meteoric rise was Binance’s announcement. Meanwhile, it is worth noting that NMR tokens are already available for trading on Binance’s spot market. However, market watchers interpreted this announcement as a sure signal to buy. Thus, artificial intelligence led to an increase in demand for the coin.
It should be noted that abnormal price increases have also occurred in Binance’s similar announcements in the past. However, this time, something else was different. This was the positive emotion that dominated the market. Market conditions further fueled the upward momentum for the AI coin. The optimistic backdrop surrounding the crypto market has likely fueled the enthusiasm among market participants to invest in NMR after hearing the news.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.