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SANTOS Price Spikes Over 100% Upon Binance Futures Listing, What’s Next?
Santos FC Fan Token nabbed substantial investor attention on Monday as SANTOS price extended intraday gains to over 100% amid a major exchange listing. Notably, with the crypto exchange giant Binance revealing listing for the token, bullish market sentiments appear to have engulfed the fan crypto. Meanwhile, market watchers speculate whether the listing could help the token sustain an uptrend ahead.
Santos FC Fan Token Sparks Optimism With Binance Listing
In an effort to broaden trade offerings for users, Binance officially announced listing SANTOS USD-Margined perpetual on October 28. According to the exchange’s announcement, the firm’s future trading arm will launch the SANTOSUSDT contract with up to 75x leverage for users. Starting today at 14:00 UTC, the platform’s colossal user base can partake in futures trading the fan crypto.
The tick size for the digital asset set by the exchange was 0.001. Further, the capped funding rate was set at +2.00% / -2.00%. However, the crypto exchange giant clarified that the perpetual contract remains poised to face potential adjustments ahead based on market risk conditions. These potential changes could encompass adjustments in the future contract’s funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements. Nevertheless, the announcement by one of the top crypto exchanges has fueled a positive impact on SANTOS price.
Fan Token Soars 100%
Notably, with Binance’s listing coming into play, SANTOS price soared over 100% from its 24-hour low and is currently trading at $6.07. The crypto’s intraday low and high were recorded as $3.20 and $7.99, respectively. Notably, the fan crypto’s 24-hour trading volume witnessed a 1552% increase to $220.72 million today, indicating that traders reacted positively to the listing announcement.
Meanwhile, the price gains for the token are primarily attributable to the abovementioned futures listing. CoinGape Media recently reported a similar chronicle wherein the Solana meme coin Moo Deng price skyrocketed phenomenally with its futures listing on the same exchange. Notably, MOODENG price extended gains to 170% to date since October 25 with its perpetual cpntract launch. This chronicle further aligns with the fan token’s futures listing, projecting bullishness on SANTOS price’s future movements.
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.
XRP price has come under strong selling pressure with more than 13% drop on the weekly chart, and is currently facing a make-or-break situation, flirting around $2 level. Following yesterday’s low at $2.03, the Ripple crypto has seen a brief bounce back above $2.11, however, it remains to be seen whether this bullish sentiment can sustain moving ahead from here onwards.
XRP Price Faces Crucial Test as MVRV Indicator Tanks
The Market Value to Realized Value (MVRV) ratio for XRP has dropped below its 200-day moving average, a key indicator that could suggest a macro trend shift in price action, reported crypto analyst Ali Martinez.
This crossover is often seen as a bearish signal, indicating that XRP price may be entering a new phase of market movement. Analysts are closely observing whether this dip is the start of a broader downtrend or signals a potential accumulation phase for investors. However, market analysts are hopeful of the 125% in XRP options trading volumes, with some expecting a potential bounce back to $2.5.
Ripple Crypto In A Make-or-Break Situation
As of press time, the XRP price is showing signs of recovery from yesterday’s bottom at $2.03 with daily trading volumes pumping 35% to more than $4.0 billion. However, per the Coinglass data, the XRP futures open interest is showing mild movement at 0.7%, showing no clear directional signs.
XRP has rebounded from the $2.03 support level and is moving upward, however, a sustained breakout above the trendline resistance of $2.30 is crucial to target $2.91.
If XRP fails to hold above $2.03, major support levels are positioned at $1.79 and $1.56, which could determine the next directional move. Traders are closely watching price action for confirmation of a bullish breakout or potential downside risk. If the Ripple crypto defends $2, some market analysts are predicting a 600% XRP rally from here.
Will Ripple Lawsuit Delay Play the Spoilsport?
Despite Ripple and US SEC agreeing on no further cross appeal in the XRP lawsuit, chances of an imminent settlement in this case seem low. An XRP advocate recently suggested that the SEC would not issue an official announcement regarding the XRP lawsuit until August 7, citing a court ruling as the basis for the claim.
However, former SEC attorney Marc Fagel dismissed the assertion, calling it “stupid and wrong,” sparking debate within the crypto community.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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.
Cardano founder Charles Hoskinson says the network will play a key role in Bitcoin DeFi transactions in the future. With several partnerships and innovations in the works, Hoskinson says Cardano is bracing itself to explore layer 2 solutions on the Bitcoin blockchain,
Cardano Positions Itself For Bitcoin DeFi
In an interview with Scott Melker, Cardano’s founder has revealed ambitious plans for the network to turbocharge Bitcoin’s adoption for DeFi applications. Hoskinson notes that large financial institutions will trigger a demand for Bitcoin DeFi given their fiduciary obligation to create yield.
He notes that a Bitcoin ETF providing DeFi yields will trigger shareholders to demand similar yields. Hoskinson eyes a three-year timeframe for institutions to plant their feet in Bitcoin DeFi and UTXO DeFi.
Hoskinson says Cardano will combine Hydra with the Bitcoin Lightning network and build a trustless recursive bridge between both networks. The founder adds that its Aiken programming language will enabled to write both Bitcoin and Cardano scripts.
Furthermore, a partnership with Maestro, an infrastructure provider allowing Bitcoin integration with UTXO-based blockchain will provide a “turn-key experience” for users.
“It’s still early days but we are making methodical progress every step of the way,” said Hoskinson.
Hoskinson is moving on from his absence from the Crypto Summit at the White House, doubling down on technical innovation. He notes that the Bitcoin-focused plays by Cardano will not adversely affect the network’s road map.
Is Bitcoin Ready For DeFi Applications?
Hoskinson revealed in the interview that Bitcoin is ready for DeFi utility following the Taproot and the Lightning Network advancements. According to the founder, Taproot added programmability features to the Bitcoin network and Cardano will push the frontiers.
He adds that Cardano will enable Bitcoin users to engage in DeFi transactions while transacting with only BTC. Hoskinson says a merger between Bitcoin is enough to make Cardano’s DeFi significantly larger than Ethereum and Solana combined.
While the integration will send Cardano price soaring, ADA wallows at $0,6611 after losing 10% in a week. However, traders are targeting an ADA pump in May following the forming of a cyclical pattern.
An analyst argues that a price rally to $10 is not a crazy prediction given a streak of solid fundamentals and partnerships for Cardano.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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.
The world’s second-largest digital asset, Ethereum (ETH), struggles to keep up with Bitcoin. Market data shows that the ETH/BTC ratio has dropped to its lowest level in five years. Consequently, investors and analysts are now questioning whether Ethereum can recover in the coming quarter, considering Bitcoin may continue its long-standing domination in the digital assets market.
The Ethereum Bitcoin Ratio At New Lows
ETH performed poorly compared to Bitcoin in the first quarter of 2025. According to a recent update from The Kobeissi Letter, the Ethereum to Bitcoin ratio has dropped to 0.02, its lowest level since December 2020.
Historically, Ethereum has gained strength after Bitcoin halvings, but the trend has reversed. While Bitcoin price is going upward, Ethereum has struggled to gain traction.
Several factors have contributed to this decline. Bitcoin’s narrative as digital gold has strengthened, drawing more institutional investment. In addition, the coin has faced challenges, including relatively higher gas fees and competition from other blockchain networks.
Unfortunately, the Ethereum Pectra upgrade, which experts believe could drive a price increase for the coin, faced some challenges. As reported by CoinGape, multiple testnet attempts failed before the Hoodi testnet that launched recently.
Some experts believe Ethereum’s transition to proof-of-stake has not delivered the expected market boost.
Q1 Performance and ETF Downturn
The ETH price performance in the first quarter of 2025 has been disappointing. For context, data shows that the coin has dropped 46% this year, nearly 4 times more than Bitcoin’s decline of 12%.
Many investors expected a strong bull run, but Ethereum has remained weak. The adoption of spot Bitcoin ETFs earlier in the year attracted billions of dollars, but Ethereum has not seen the same level of interest for its potential ETF.
Market analysts suggest that institutional investors are still hesitant about Ethereum’s long-term value compared to Bitcoin. Bitcoin’s fixed supply and reputation as a hedge against inflation have made it a safer choice for institutional investors.
Where is ETH Price Heading?
Some analysts believe ETH price could hit $10,000 if broader market conditions improve and the Ethereum Pectra upgrade launches on the mainnet.
Others warn that if the coin continues to lose value against Bitcoin, investors may start shifting funds to other networks like Solana or Avalanche.
Even though short-term price predictions remain speculative, some traders expect Ethereum to rebound as Bitcoin stabilizes. Others believe the ETH/BTC ratio could drop even further.
As of this publication, CoinMarketCap data shows that Ethereum’s price was $1,842.29, up 1.34% in the last 24 hours. Many experts believe that the coming days will determine whether Ethereum can regain strength or whether Bitcoin’s dominance will continue to grow.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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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