Big News for These 3 Altcoins from Binance: The Price Has Jumped!

Binance, the world’s largest cryptocurrency exchange in terms of trading volume, gave valuable 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 up to 25 times leverage, will open to the process 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 means “blue bird”, seems to refer to Twitter and Elon Musk’s interest in Dogecoin. 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 in the middle of 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 is also pointing to the project’s resemblance to Elon Musk’s last name. The cost 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 coin’s 7-day chart below:

It is worth noting that the platform has many features for the browser extension. In the middle of these features are payments and tipping, decentralized asset trading, NFT trading, and decentralized document storage. MASK operates on the Ethereum network. It is also available on Polygon and BNB Chain. The token allows the protocol to reward active users. It also gives users the right to speak in the administration.

FTX also lists

Meanwhile, in the morning As we have also reported, Mask Network (MASK) is also listed by the derivatives exchange FTX. In the spot and futures markets at FTX, MASK pairs will open at 17:00 Turkish time.

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