NewsletterSaga Price Rockets 30% With $1 Billion Volume As Binance Expands Support
Highlights
- Saga Layer 1 protocol's SAGA tokens goes live for trading and rises 30% after debut.
- Binance has expanded support for SAGA as price saw massive rally.
- Saga Futures OI jumps 350% within hours.
The world’s largest crypto exchange Binance on Tuesday said it is expanding support of Saga across its multiple products including Binance Earn, Convert, Margin and Futures. Saga (SAGA) is a Layer 1 protocol designed, with gaming focus, to create a revolution in blockchain scalability and interoperability.
SAGA price has rallied 25% backed by massive trading volumes of over $1 billion. Binance introduced Saga (SAGA) as the 51st project on Launchpool, unveiling a significant milestone in the crypto exchange’s continuous efforts to offer innovative opportunities to its users.
Binance Listing Saga on Multiple Products
In an official announcement on April 9, Binance notified its users about the plan to expand support for Saga across multiple products and services. The move is part of efforts to offer early investment opportunities in key projects to its users.
Binance has added Saga on Simple Earn. Also, the exchange is enabling users to purchase SAGA using any of the payment options supported on Binance Auto-Invest from April 11 at 10:30 UTC.
In addition, users can trade SAGA at zero fees against BTC, USDT, and any other tokens supported by Binance Convert, allowing users to save money on fees.
SAGA is also available on Binance Margin as a new borrowable asset on Cross and Isolated Margin. Users can trade SAGA/USDT pair from 10:30 UTC on April 9.
Binance has also announced USD-M SAGA Perpetual Contract with up to 50x leverage. The settlement asset is USDT and trading starts at 10:30 UTC today.
Saga Mainnet is now live. pic.twitter.com/2WWVsF9fcY
— Saga ⛋ (@Sagaxyz__) April 9, 2024
Also Read: Binance CEO Discloses Key Details on Crypto Exchange’s Headquarters
SAGA Price Zooms 30%
SAGA price debuts at $5.71 after the massive farming on Binance with BNB and FDUSD. The price hit a high of $7.89 within hours of listing, indicating strong buying and selling trades. Notably, the trading volume has increased by over $1 billion.
CoinGlass data indicates total SAGA futures open interests skyrocketed over 4oo,000% in 4hrs and more than 350% in an hour. At the time of writing, the price is trading at $7.13.
Also Read: Experts Predict Bitcoin Price Crash If BTC Repeats This Pattern
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