Binance don launch 50x Leveraged MERL Perpetual Contracts, e dey push price rally for Merlin Chain
Merlin Chain (MERL), one Bitcoin Layer-2 project wey dey use ZK-Rollup technology, jump pass 10% reach $0.1346 after Binance talk say dem go bring USD-margined MERL Perpetual Contracts with 50x leverage, dem go start on May 29, 2025 for Binance Futures. Dis news make trading volume jump 17% reach $803 million and make MERL market cap reach $95.5 million. Di perpetual contracts dey support multi-asset margin and dem dey settle funding rates every four hours, e dey give traders more flexibility plus access to derivatives. For past, Binance derivative launches dey increase liquidity and visibility for altcoins, and for MERL case, e fit help make price reach the level wey e be for late 2023 and early 2024. But MERL price still dey far below im April 2024 all-time high wey be $1.55. Crypto community also dey interested cos Merlin Chain get technical innovation, like support for BRC20 and BRC420 tokens, wey go make Bitcoin Layer-2 more scalable. Binance move na strong endorsement for MERL, e go likely boost interest and activity for next months.
Bullish
Binance list MERL perpetual contracts wey get up to 50x leverage don show say e dey usually good sign for altcoins, e dey often make price rise well well plus trading volume go up. After dem announce am, MERL price jump pass 10%, trading volume and market cap come sharply increase too. Better access to derivatives and Binance backing usually attract more investor interest and liquidity, fit push price higher especially for techy innovative projects like Merlin Chain. Even though price still remain below their all-time high, the ongoing attention, trading flexibility, and the chance for Layer-2 solutions to spread more make the overall market outlook to be bullish for short to medium term.