On May 15th, according to COINOTAG, the funding rate for the NXPC contract on the Binance exchange has surged to 2%, reflecting heightened market activity. This adjustment comes with a settlement period of four hours, indicating a more dynamic trading environment for investors.
The current spot price of NXPC rests at $3.54, showcasing a positive trajectory as its overall market capitalization has escalated to $632 million. This considerable market value underscores the growing interest among traders and investors in cryptocurrencies, particularly in the context of evolving market conditions.
Source: https://en.coinotag.com/breakingnews/nxpc-contract-funding-rate-hits-2-on-binance-amid-market-surge-to-632-million/