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MANEKI Price Skyrockets 20% Amid Major Listing Update, What’s Next? – Crypto News

Published

2 years ago

June 26, 2024

Dripp

The Solana-based meme coin Maneki (MANEKI) has seen a remarkable 20% surge in its price during early U.S. trading hours today. Notably, this significant price jump follows a crucial listing update, which appears to have bolstered investor confidence and stirred excitement among market participants.

So, let’s explore the latest listing update of MANEKI and see how it has fueled market sentiment.

MANEKI Price Soars After Major Listing

Maneki’s recent rally is largely attributed to its listing on the prominent crypto exchange Bybit. In an announcement, Bybit revealed that the “MANEKIUSDT Perpetual Contract is now live on Bybit.” This announcement appears to have attracted the investors’ attention toward the crypto.

According to the announcement, the listing would allow traders to engage with the MANEKI token using a leverage range of 1 to 12.5 times. Notably, this in turn will provide expanded trading opportunities to the investors, potentially amplifying gains for them.

Meanwhile, this development marks a significant milestone for MANEKI, enhancing its accessibility to a broader audience and integrating it into a platform known for high trading volumes. It’s worth noting that support from the major exchanges is often viewed as a strong endorsement within the crypto community, reflecting the token’s growing acceptance and legitimacy.

Furthermore, the announcement was accompanied by a promotional video on social media, adding visual appeal and reinforcing the message. Enthusiastic responses from the Maneki community and positive engagement on the X platform underscore the token’s expanding reach and the heightened interest in its potential.

Also Read: $6.6B in Bitcoin Options and $3.4B in Ethereum Options Expiring Soon, Will Prices Hit Max Pain Point?

Will Price Continue To Rally?

The Bybit listing has triggered optimism among market watchers, many of whom believe that such major exchange listings tend to have a lasting positive impact on crypto prices. Historically, tokens that secure listings on reputable crypto exchanges often experience sustained rallies as they attract more attention and trading activity.

Meanwhile, market watchers are speculating that MANEKI’s price could continue its upward trajectory in the short term, driven by increased trading volumes. In addition, the ability to trade MANEKI with leverage on Bybit adds another layer of potential growth, as traders seek to maximize returns on their investments.

Bybit’s robust trading ecosystem, combined with MANEKI’s appealing meme coin narrative, positions the token favorably in the current market landscape. In addition, meme coins have traditionally garnered substantial interest due to their community-driven appeal and viral marketing potential.

However, investors should remain cautious and aware of the inherent volatility associated with meme coins. While the current momentum is promising, the market can be unpredictable, and price swings are not uncommon.

As of writing, MANEKI price soared 19.75% to $0.009845, with its trading volume skyrocketing 70% to $32.9 million. Following the listing announcement, the Solana meme coin has touched a high of $0.01007, reflecting the growing market interest.