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CUDIS Jumps 28% After Binance Futures Listing

Dolomite (DOLO) saw a significant price spike, peaking at $0.297 after being listed on Binance’s spot trading platform, reflecting heightened investor interest.

Summary

Dolomite (DOLO) achieved a high of $0.297 after being listed on Binance’s spot trading, currently priced at $0.268. The token’s market cap stands at $70 million, and it experienced a 28% increase in the last 24 hours, with a funding rate of -0.2%.

Terms & Concepts
  • Spot Trading: The purchase or sale of a cryptocurrency for immediate delivery, where the transaction is settled ‘on the spot’ at the current market price.
  • Funding Rate: A periodic payment made between long and short position holders in the derivatives market to ensure that the price of the perpetual contract stays in line with the underlying asset.