The recent surge in Liquity’s (LQTY) price may be linked to its listing on Binance, one of the world’s largest cryptocurrency exchanges.
Liquity (LQTY) has seen a significant price increase over the past week, outperforming both the global cryptocurrency market and similar Ethereum Ecosystem cryptocurrencies.
At the time of writing, LQTY is trading at $1.95 with a market cap of $175,166,298 and a 24-hour trading volume of $189,208,573.
There is speculation that the recent surge in Liquity’s (LQTY) price and trading volume could be linked to its listing on Binance, one of the world’s largest cryptocurrency exchanges.
Binance announced the listing of LQTY on Feb. 23, 2023, which was followed by a significant increase in trading volume and a price surge of over 55% within 24 hours. This listing allowed more investors to access LQTY and could have led to increased demand for the token, resulting in a surge in price.
Investors looking to buy and trade LQTY have a variety of options, including centralized and decentralized exchanges such as MEXC Global, Uniswap (v3), and Uniswap (v2). The recent surge in trading volume suggests a rise in market activity and investor interest in LQTY.
While the current price of LQTY is significantly lower than its all-time high of $146.94, which was recorded almost two years ago, it has recently reached a 253.45% increase from its all-time low of $0.543990, recorded just four months ago.
It is also important to note that the fully diluted valuation of LQTY is $192,453,442, which represents the maximum market cap assuming the maximum number of 100 million LQTY tokens are in circulation.
Investor sentiment for LQTY is currently bullish, with over 71% of users feeling optimistic about the token’s future. As with any cryptocurrency investment, it is essential to do your own research and risk assessment before making any investment decisions.
Source: https://crypto.news/lusd-sister-token-rallies-103-on-upcoming-binance-listing/