- The worth of Rocket Pool (RPL) surged greater than 30% on Monday to above $12.50.
- This surge comes after the announcement of assist for RPL perpetual contracts on Binance Futures.
The worth of Rocket Pool (RPL) surged because the crypto market reacted to the newest market information surrounding the decentralized Ethereum (ETH) liquid staking protocol.
The staking function permits ETH holders to make use of their holdings for a possibility to earn yield. Staked Rocket Pool ETH tokens permit rETH customers to stake and earn rewards for as little as 0.1 ETH.
Rocket Pool surges amid Binance listings
RPL rose sharply to a excessive of $12.58 throughout main digital asset exchanges after the world’s largest crypto change announced the Listing of Rocket Pool perpetual futures contracts.
In accordance with Binance, the launch expands the buying and selling choices accessible to USD-margined RPL perpetual contract customers. Binance Futures is ready to supply the RPLUSDT contract beginning at 12:30 UTC on September 9, 2024. Merchants will stand up to 75x leverage for Rocket Pool futures, the change famous.
Firstly of the day, the RPL value struggled to interrupt under $10, with the final time the cryptocurrency traded above this degree being on September 6, when it closed with a small achieve to $10.07. The positive factors within the final 24 hours have pressured the RPL value to retest an important downtrend line.
As proven within the chart above, a descending channel has been established for the reason that final week of August.
Rocket Pool value has been buying and selling in the identical vary since dropping to close $16 on Aug. 23. This unfavourable outlook comes after RPL declined from a excessive of $32 in mid-June.
