Moo Deng (MOODENG) Surges 20% on Friday after its November 15 listing on OKX, boosting investor interest.
Coin of the Solana meme on Friday, the price of Moo Deng (MOODENG) experienced a spectacular increase in value of 20%, which sparked further market optimism against the backdrop of a major listing for the cryptocurrency.
Particularly noteworthy is the fact that the renowned Asian cryptocurrency exchange OKX has stated that it would be adding the meme coin to its stockpile of trade offerings, which has sparked investor interest all around the world.
Those who are interested in the cryptocurrency market speculate on whether or not the listing could assist the token in maintaining a rally in the midst of a positive market, particularly within the meme coin sector.
OKX Unveils Listing For MooDeng Sparking Investor Frenzy
The Asian cryptocurrency exchange officially announced on November 15 that the MOODENG/USDT spot trading on the platform will start at 12 o’clock today (UTC). Stakeholders received this information.
The platform still has a significant number of users interested in Moo Deng trading, which will facilitate the deposit of additional funds into the token. The cryptocurrency, on the other hand, is currently riding positive tides across the market in the midst of a meme coin bonanza.
During the fourth quarter of this year, the meme currency market has been surprisingly bullish, with tokens like Dogecoin and Shiba Inu experiencing weekly gains worth more than 90 percent and 25 percent, respectively. This is an intriguing development.
On the other hand, the MOODENG price increase has gained significant attention due to the support from major cryptocurrency exchanges, even though other currencies have also experienced significant gains. Binance has released a Moo Deng futures listing with leverage of up to 75x, which has resulted in a price increase of 90% for the meme coin.
Market observers continue to closely monitor the currency’s price fluctuations, as the support from OKX could potentially further strengthen the price. The price of MOODENG has increased by 26% during the span of a single day and is currently trading at $0.573.
After twenty-four hours, the lowest price of the coin was $0.3979, and its highest price was $0.5788. Despite the scheduled live trading on the exchange later today, the coin’s trading volume did not increase, raising concerns.
However, market observers continue to have a positive outlook regarding future activities despite the fact that the token has already had a bull run. During the past week, the Solana meme currency experienced a total rise of 103%, while the monthly chart demonstrated a 538% increase.
Because of this upward trajectory, the token has demonstrated that it has the potential to provide investors with exceptional rewards in the future. Coinglass data revealed that the futures open interest for the coin increased by 26%, reaching a total of $293.14 million.
Additionally, the amount of derivatives increased by 10%, reaching $2.60 billion. In general, the present market statistics point to an increased market interest in the asset, which paves the way for future moves to be favorable.
