Investors are speculating a
shift in
Bitcoin's trajectory as perp funding rates persist in negative terrain, as articulated by a K33 report. A significant focus is on the concept of
Perpetual Futures and their place in the current market, with numerous exchanges including
Coinbase and
BSX announcing listings and expansions involving perp futures. In some instances, these moves have resulted in price recoveries and rallies for certain coins such as the
Hamster Kombat,
MEW,
MEME, and
Wormhole. At the same time,
new memecoin initiatives are being introduced to perp markets, adding another layer of complexity to the landscape. Interestingly, major DEX's like
Solana are observing record growth. In spite of this, some listings, such as that of
Pepe Coin, are postponed, causing minor declines in its price. Meanwhile, further advancements such as
Velar's launch of the world's first PerpDEX on Bitcoin is being funded by a significant seed round, suggesting increasing faith in the potential and utility of these new trading mechanisms. With
Ethena Labs' integration with Ethereal, the Spot & Perp DEX, and the launch of
dYdX's Trump Perp Prediction Market, the increasing intersection of data, politics, and finance through blockchain technology is becoming apparent.
PERP Coin News Analytics from Fri, 01 Mar 2019 08:00:00 GMT to Tue, 15 Oct 2024 04:41:23 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 6
