The price of meme coin Solana Moo Deng (MOODENG) saw a remarkable 20% rise in value on Friday, sparking market optimism amid a major crypto listing. Notably, OKX, Asia’s leading cryptocurrency exchange, announced that it is adding the coin to its stock of trading offerings, sparking curiosity among investors around the world. Crypto market enthusiasts are wondering if the listing could help the token maintain a rally in a bull market, especially in the coin sector.
OKX unveils Moo Deng listing, sparking investor frenzy
In an official announcement from the Asian crypto exchange on November 15, it was drawn attention to the fact that MOODENG/USDT spot trading on the platform was scheduled to start from 12:00 (UTC) today. The platform’s colossal user base remains ready to indulge in Moo Deng trading, paving the way for further inflow of money into the token.
In turn, crypto is currently riding bullish tides across the market amid a coin frenzy. It is worth noting that the fourth quarter of this year is seeing a remarkably bullish coin market, with tokens such as Dogecoin and Shiba Inu seeing weekly gains worth over 90% and 25%, respectively.
However, rising MOODENG prices appear to have stolen the spotlight amid support from major crypto exchanges, despite other tokens reflecting notable gains. CoinGape Media recently reported that Binance launched listing of Moo Deng futures with leverage up to 75x, triggering a 90% price increase in the meme. Overall, market observers continue to evaluate the coin’s price movements as support from OKX could further strengthen the price.
MOODENG Price Rises 26%, Will the Rally Sustain?
As of press time, MOODENG price has climbed 26% over the course of the day and is now trading at $0.573. The coin’s 24-hour low and high were $0.3979 and $0.5788, respectively. It is concerning to note that the trading volume of the token has not increased, as trading on the exchange is expected to go live later today. Nonetheless, market observers remain optimistic about future actions amid the token’s already rising price.
THE Solana meme piece‘s weekly gain was 103%, while the monthly chart showed an increase of 538%. This upward trajectory highlighted the token’s potential to offer investors remarkable gains ahead.
In the meantime, Coin Data showed that OI futures of the coin climbed 26% to $293.14 million. Additionally, derivatives volume jumped 10% to $2.60 billion. Overall, current market statistics highlight increased market interest in the asset, opening a bullish path for future moves.
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Disclaimer: Content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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