In a whirlwind 24 hours, the cryptocurrency market bore witness to a seismic shift, with CYBER perpetual contracts making waves as they surged to a remarkable $9.55 billion in trading volume. This meteoric rise, a staggering 210% increase, catapulted CYBER to the second position, trailing only behind the titans of the crypto world, BTC and ETH.
CyberConnect (CYBER) has experienced significant price volatility in the past 24 hours. As of the latest data, the live price of CyberConnect stands at $9.8, down by 1% in the last 24 hours. Though the current price shows a slight decline, the cryptocurrency holds a ranking of 155 on CoinMarketCap, with a market capitalization of $152,083,791.
In the past 24 hours, the trading volume of CYBER perpetual contracts has reached 9.55 billion US dollars, an increase of 210%, second only to BTC and ETH, setting a record high. The trading volume on Binance is as high as 5.63 billion US dollars, surpassing ETH to become the… https://t.co/SmvzHksqU6
— Wu Blockchain (@WuBlockchain) September 2, 2023
This extraordinary turn of events has firmly established CYBER’s dominance, dethroning ETH as the trading volume on Binance alone skyrocketed to an astonishing $5.63 billion. Furthermore, the CYBER contract’s open interest soared to an impressive $263 million, cementing its newfound status as a crypto powerhouse.
Fueling this remarkable ascent were Korean traders, who fervently embraced the CYBER token, propelling it to a staggering 150% gain in just seven days. As a result, the token’s value surged to approximately $14.7 on Upbit, while maintaining a still impressive $9.3 on Binance.
However, this meteoric rise came with its own set of quirks, notably the annualized funding rate for CYBER U-based contracts. On major exchanges, this rate reached an unprecedented -500%, creating an unusual and tumultuous trading environment. Remarkably, the situation on Binance was even more astonishing, with a staggering -662% annualized funding rate, highlighting the unique and volatile nature of the cryptocurrency market.
The trading volume for CyberConnect over the past day has been exceptionally high, reaching a staggering $559,278,214.86. This level of trading activity indicates strong investor interest and suggests that CyberConnect is actively traded on various exchanges.
As this thrilling saga unfolded, it became abundantly clear that CYBER had taken center stage in the crypto world, defying expectations and shattering records along the way. Investors and traders alike were left in awe as they grappled with the unpredictable twists and turns that defined this exhilarating ride.
Meanwhile, in the broader crypto landscape, Bitcoin maintained its own intriguing narrative. As CYBER dazzled with its remarkable ascent, Bitcoin’s price stood at a steady $26,021, providing a reassuring anchor amidst the frenzy.
In conclusion, the cryptocurrency market witnessed an extraordinary turn of events as CYBER contracts stole the spotlight with record-breaking trading volume and a remarkable surge in value. As this rollercoaster ride unfolded, investors and traders were left both astounded and bewildered by the remarkable ascent of CYBER, solidifying its position as a force to be reckoned with in the crypto world. While Bitcoin held its ground, the world of crypto continued to prove that it is a realm where the unexpected is the norm.
