- The exchange opened up ILV futures trading for leverage traders.
- Open Interest in ILV skyrocketed, indicating how traders are trying to make profits from the price movement.
- ILV may reach $100 in a short while unless selling pressure takes over.
As altcoin prices continue to rise, there are a few cryptocurrencies that have been at the forefront of the surge in value. One of them is Illuvium (ILV). In the last 30 days, the value of ILV has increased by 126%, according to CoinMarketCap data.
For context, ILV is the native token of the Illuvium ecosystem which is a fantasy battle game operating on the Ethereum (ETH) blockchain. Although not necessarily a new token, ILV is listed on Binance. However, the exchange only offered spout buying for the cryptocurrency.
According to the on-chain analytic handle on X, Lookonchain, Binance has now listed ILV on the futures market. This decision means traders can now long or short the token depending on the sentiment each trader has.
Binance has launched USDⓈ-M $ILV Perpetual Contract, just as we predicted in a tweet on Nov 9.The post Binance Lists Illuvium (ILV) Perps After Tremendous Surge appeared first on Coin Edition.An investor we shared before deposited 10,000 $ILV($916K) into #Binance after #Binance announced…