• Rocket Pool’s native token, RPL, rallied 55% and is among one of the top performers in the top 100 coins by market cap.
• The surge coincides with RPL’s listing on Binance, the world’s largest cryptocurrency exchange by trading volume.
• RPL is paired against USDT, the stablecoin issued by Tether Holdings, and is also available for trading in most decentralized exchanges.
The native token of Rocket Pool, RPL, has seen a surge of 55%, making it one of the top performers in the top 100 coins by market capitalization. The surge coincides with the listing of RPL on Binance, the world’s largest cryptocurrency exchange by trading volume. RPL is now paired against USDT, the stablecoin issued by Tether Holdings, and is also available for trading on most decentralized exchanges, including Uniswap, Bancor, and Balancer.
The uptrend of RPL has been further bolstered by its availability in US exchanges, including Huobi, Coinbase, Kraken, and MEXC Global. As such, the surge in RPL’s price has been significant, with its market cap reaching $675.1 million and its price currently standing at $34.51 in the daily chart.
The listing on Binance has opened the token to more liquidity, allowing traders and investors who might not be familiar with the intricacies of DeFi trading to purchase the token. With the hard work of the Rocket Pool team paying off, the next market cycle is now about decentralizing all layers of the blockchain industry.
The increased liquidity and availability of RPL has allowed the token to further increase its appeal and value. As such, the listing on Binance has opened up the token to a wider audience, and the surge in its price is a testament to the hard work of the Rocket Pool team. With the increased liquidity and availability of the token, it is likely that the demand for RPL will continue to grow, making it an attractive option for investors.