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MOODENG Price Blows Up 90% As Binance Launches Perpetual Contract

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The Solana meme coin Moo Deng (MOODENG), inspired by the viral baby hippo from Thailand, has garnered notable attention among traders and investors across the crypto market. On Friday, MOODENG price shot up nearly 90% as Binance enhanced trade offerings for the token. Notably, the crypto exchange is launching a USD-Margined perpetual contract for the Solana meme coin, driving market optimism.

MOODENG Bags Futures Listing Sparking Optimism On Price

According to an official Binance announcement on October 25, the crypto exchange is launching the MOODENGUSDT USD-Margined perpetual contract today at 10:00 UTC. As per the announcement, users on the platform can enjoy up to 75x leverage trading the asset.

Further, the underlying asset remains Moo Deng, the Solana-based meme coin. Moreover, the capped funding rate set by the exchange was at +2.00% / -2.00%. Also, the tick size for the perpetual contract was set at 0.00001. The announcement rolled out the contract address for verification as ED5nyyWEzpPPiWimP8vYm7sD7TD3LAt3Q3gRTWHzPJBY.

However, as usual, the listing announcement by the leading crypto exchange clarified that the perpetual contract remains poised to face potential changes ahead based on market risk conditions. The perpetual contract may witness potential adjustments to the funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements over the coming days. Nonetheless, the announcement echoed optimism for MOODENG across the industry, as seen by the coin’s latest price action.

Solana Meme Coin’s Price Soars 100%

Notably, the announcement reverberated optimism for the Solana meme coin across the broader market, as seen by its phenomenal intraday gains. MOODENG price gained nearly 100% over the past day and is currently trading at $0.1388. Its intraday low and high were recorded as $0.06547 and $0.1404, respectively. The coin continues to pump against the backdrop of a 141% surge in the intraday trading volume, indicating that the market reacted positively to the futures listing.

Simultaneously, Coinglass data indicated that Moo Deng futures OI soared 173% to $57.47 million today. Also, the derivatives volume skyrocketed 234% to $327.77 million. This data underlined heightened investor interest in the asset, hinting that the coin is on an uptrend today. Crypto market enthusiasts continue to extensively eye the token for further gains as the listing paves the path for money inflow into the asset.

MOODENG Futures OI by CoinglassMOODENG Futures OI by Coinglass

Meanwhile, it’s noteworthy that the crypto exchange also added Goatseus Maximus perpetual contract to its stockpile of offerings, urging a pump in GOAT price. Overall, Binance’s listings appear to have a positive impact on a crypto’s price.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin-Fan Elon Musk Reacts to Secrets With Putin as he Endorses Trump

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Dogecoin-fan Elon Musk has been in regular contact with Russian President Vladimir Putin as he continues campaigning for Donald Trump, reported The Wall Street Journal on Friday. Musk reacted to the reports, not being an apologist as he has been in the crosshairs by the US and Russia.

Meanwhile, Musk has donated another $44 million to his political action committee America, taking the total donations to over $118 million.

Dogecoin Fan Elon Musk Responds to Relations With Putin

Tesla CEO Elon Musk has regularly communicated with Russian President Vladimir Putin. They have talked on wider topics including personal matters, business, and geopolitics, reported WSJ on October 25, citing current and former U.S., Russian, and European officials.

For instance, Putin earlier asked Musk not to activate Starlink satellite internet service over Taiwan as a favor to China. SpaceX, which runs Starlink has business worth billions with the US military and intelligence agencies, and Musk was allowed security clearance to some classified information. No red flags have been raised yet, but some officials raised concerns over it.

Elon Musk scoffs at reports on Putin, indicating it was another attack on Donald Trump’s re-election campaign after the “Trump is Hitler” didn’t work. Musk is now a key backer of Trump’s 2024 campaign and could hold a major role in a future Trump administration.

Musk Donates Over $118 Million to Re-elect Trump

As CoinGape earlier reported, Elon Musk stated, “Putin must not want Trump elected.” This statement came amid a heated debate over a $10 million payment by Russia reportedly to a political party-affiliated firm. Interestingly, Putin indicated that the support for Kamala Harris came as US President Joe Biden supported her.

Whereas, Trump has vouched to end the Russia-Ukraine war. Putin welcomed the remarks during the BRICS Summit, stating “He’s being sincere.” Trump and Musk earlier called for improving relations with Russia.

Elon Musk believes this election is crucial for the United States. He has donated another $44 million to his pro-Donald Trump group America PAC, according to the US Federal Election Commission. This makes his total contributions, through the PAC to re-elect Trump, to over $118 million.

DOGE Price May Rally to $1

Amid these developments, Dogecoin price sparked investor enthusiasm today. DOGE price chart saw notable upside momentum in the past 24 hours and is currently trading at $0.1386. The coin noted an uptick as whales hold onto their DOGE, as reported by CoinGape.

The proposed Department of Government Efficiency (DOGE) and Trump’s promise to offer Musk a key position in his cabinet, has been fueling DOGE to $1 sentiment. Dogecoin price eyes epic gains if Trump wins the U.S. presidential election.

In the derivatives market, total DOGE futures fell 2% within 24 hours as traders moved away due to crypto expiry. As per Coinglass data, the total DOGE futures OI rising higher, with 6.74 billion DOGE worth $931.79 million currently.

DogecoinDogecoin
Source: Coinglass

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Detects Anomaly in the XRP Price, Some Traders Move to Altcoin Rival Aiming for 2000x Run as a Precaution

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Recent market movements have sparked significant activity, particularly regarding the XRP price. Analysts have noted irregular fluctuations, prompting many traders to flock to a new altcoin called RCO Finance in hopes of achieving a promising 2000x return as a precaution.

But can RCO Finance challenge top DeFi protocols such as XRP and redefine the rules for trading digital assets? Let’s find out.

RCO Finance’s Robo-Advisor: Investor’s Help To Achieve Financial Goals

RCO Finance (RCOF) is gradually establishing its footprint in the cryptocurrency market as it continues attracting investors wary of the fluctuations witnessed by the XRP price. The DeFi trading platform stands as a potential solution for crypto traders who are searching for novelty and efficiency.

The buzz around RCO Finance’s robo-advisor is growing. It utilizes AI to provide market insights and automates buy and sell options for investment. The software enables users to avoid the need to always monitor their trades, instead delegating that task to the advisor.

The robo-advisor is unique because it assesses every investor’s profile before offering a solution. This service, which is applicable to both new and experienced investors, helps them align their portfolios with their financial goals.

Moreover, the AI trading platform ensures that RCOF holders can earn passive income through quarterly dividends, with a maximum annual return of 6%. This feature facilitates trading and supports steady income accumulation over a lifetime.

RCO Finance prioritizes security by collaborating with the renowned SolidProof to audit its smart contracts, safeguarding user funds and transactions. This focus on safety is crucial in today’s investment climate, and the platform is also actively pursuing full regulation and licensing in the EU to boost its credibility in the crypto market.

XRP Price on the Move? Legal tactic of Ripple Sparks Optimism

Ripple Labs has been in a long-standing lawsuit with the SEC, but recent developments have reignited interest. This news has caused a stir among the crypto community, strongly suggesting a significant shift in the ongoing legal battle and the potential impact on the XRP price.

Ripple recently filed another case that might signal regulatory compliance or, at the very least, challenge the SEC. According to experts, this may force the SEC to reconsider its approach. Meanwhile, the XRP price has ranged between $0.52 and $0.62 since July—the token is now trading around $0.54. 

Even though a resolution between the SEC and Ripple can help clarify the prospects of the XRP price and attract investors, it has been relatively stagnant due to low turnover and limited demand for the token. 

An explanation for this stagnation is that investors are currently waiting for a sure outcome before they can decide on the future XRP price.

Uncertain About XRP Price? RCOF offers 2000% ROI and 88% APY staking!

Some experts believe that the recent XRP price fluctuations have prompted traders to seek more secure investments. As a result, many are now focusing on the RCOF token presale, which has already delivered over 200% return for early investors as it advances to the next stage.

For those who missed out on the opportunity during stage 1, experts encourage you to participate now in stage 3, where the current token price of $0.0559 is expected to rise significantly. By the end of the presale, potential gains could reach as high as 2000%, surpassing XRP’s year-to-date returns.

However, RCOF’s advantages extend beyond financial gains. Token holders will benefit from reduced transaction fees and access to a Robo-advisor. And the best part? They will have the chance to win up to a $100,000 cash prize.

Be part of RCOF today and take your first step towards becoming a crypto millionaire! 

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community



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US SEC Requests To Extend Deadline For Principal Brief In Ripple Lawsuit

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The US SEC has filed a request in its appeal case against Ripple to extend the deadline for its principal brief. This comes amid Ripple’s much-anticipated form C filing, which is expected to happen today.

US SEC Files For Extension Of Principal Brief Deadline

Defense lawyer James Filan revealed in an X post that the US SEC had filed for an extension of the deadline for which it has to file its principal brief. The Commission has asked the court for the new deadline to be January 15, 2025. This request could prolong the case which was already set to last until 2026 based on the timeline provided by legal experts like pro-XRP lawyer Fred Rispoli.

Meanwhile, this development comes amid the much-anticipated filing of Ripple’s Form C which will reveal what part of Judge Analisa Torres’ ruling which they intend to cross-appeal. FOX journalist Eleanor Terrett revealed that the crypto firm will file the Form C today, although that has yet to happen.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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