Market experts believe that interest in MOCA as well as trading activity and volume would remain strong, at least, for the short term.
All is going well for the Moca Network (MOCA) at the moment after successfully listing on Binance Futures. This development comes on the heels of a recent announcement by Binance, which is arguably the world’s biggest crypto exchange, at least, in terms of trading volume.
According to the announcement, Binance has now added MOCAUSDT perpetual contracts with leverage of up to 75x. This is effective immediately from 11:30 UTC, December 16, 2024.
Interestingly, Binance has taken further steps to ensure that there is a balanced trading environment for MOCA investors. To achieve this, the listing is accompanied by capped funding rates of +2%/-2%.
Market Optimism Grows as MOCA Secures Key Exchange Listings
It might be worth noting that this Binance listing follows a series of similar listings across other major exchanges. As Coinspeaker noted in an earlier report, South Korea’s Upbit and Bithumb have also added MOCA to their platforms. Therefore, there is no question about the hype currently around MOCA.
These developments have already set some interesting activities rolling. MOCA’s value and trading volume immediately took off, surging dramatically after news broke about the listings.
Shortly after Binance made the announcement, MOCA price surged, albeit significantly.
As of press time, the token’s price had risen 96.42% over the past 24 hours and was trading at $0.1746. That is, according to CoinMarketCap data.
Considering that MOCA experienced an impressive rally of around 370% and a surge of 7558% in trading volume to reach $1.34 billion earlier in the day, it might be safe to say that the market is generally in high spirits.
CoinGlass data also buttresses this point of view that activity is picking up pace. It claims that MOCA Futures Open Interest has also climbed 1297% to $35.64 million.
Lastly, industry players and experts are also bullish on MOCA’s future. For instance, Animoca Brands co-founder Yat Siu has tipped the project to play a huge role in the mass adoption of Web3.
What’s Next?
There is no doubt that the future holds huge promises for Moca Network. If nothing else, its recent listings are sure to boost investor confidence in the project’s potential. This is because top platforms like Binance and the rest not only help its credibility but also boost its exposure.
To this end, market experts believe that interest in MOCA as well as trading activity and volume would remain strong. At least for the short term.
For the long-term, however, only the project’s fundamentals would determine that.
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