WAXP, the native token of the WAX blockchain built for e-commerce and NFTs, pumped 35% today to around $0.07.
The likely driver of this pump is rumors that WAXP will soon be listed on Binance Futures. WAXP is already traded on Binance Spot, but a Binance Futures listing could bring significant new volume.
Popular crypto trader Crypto Feras flagged WAXP’s bullish technical setup 4 days ago, noting it could reclaim higher levels. Today he posted an update that WAXP was up 65-75%, calling it one of the top movers alongside tokens like YGG and ZRX in recent weeks. Crypto Feras has over 70k Twitter followers.
While WAX’s official Twitter account has not confirmed the Binance Futures listing rumors, the speculation has been enough to send WAXP surging 35% today. With over 280k Twitter followers, WAX has a strong community that is excited about the possibility.
Source: CoinStats – Start using it today
WAXP aims to make e-commerce faster, simpler and safer by building a purpose-built blockchain for NFT and e-commerce transactions. It uses delegated proof-of-stake and has EOS compatibility. The WAX blockchain includes features like free transactions and 500ms block times optimized for retail use.
A exchange listing like Binance Futures could introduce WAX to a whole new audience of traders. For now the rumors have sparked a 35% rally, taking WAXP to retest highs not seen since April. If the Binance listing is confirmed, WAXP could have much further to run.
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