Vine Coin Price Bullish As Binance Launches Futures Listing

Vine Coin has recently emerged as the talk of the crypto town by witnessing major price gains and a listing. Notably, VINE price shot up nearly 60%

Recently, a new cryptocurrency has taken the crypto world by storm with its impressive price gains and a listing on a major exchange. The token in question is Vine Coin, which saw a surge in price of nearly 60% on Friday. This development comes amid speculation that Binance will be listing the crypto asset for futures trading.

In an official announcement on January 24, Binance revealed that it will be launching a perpetual contract for Vine Coin. According to the announcement, the crypto exchange’s futures division will be launching the VINEUSDT perpetual contract with a maximum of 75x leverage for users at 10:00 UTC today.

The announcement also states that the coin’s price will be used to calculate the Mark Price at the beginning of each funding period. Additionally, the capped funding rate for the asset is set at +2.00% / -2.00% by the exchange.

This new futures listing on one of the top crypto exchanges is bound to spark substantial investor enthusiasm over the token’s future movements, especially given the recent hype surrounding the asset.

In other news, a crypto trader has made massive profits with Vine Coin, CoinGape recently reported. Notably, the token aided a crypto trader in turning a $270K loss into a $4.5 million profit with its massive price surge earlier this week. This saga has garnered further market attention towards the crypto amid Binance’s listing.

Elon Musk also fueled speculation with recent comments that could lead to the revival of the Vine social media app. This news has sparked excitement among crypto enthusiasts and traders, particularly those interested in new and emerging tokens. Vine Coin, which is named after the defunct video-sharing platform, has seen a surge in interest and trading volume as a result of these recent developments.