Ethereum-based Token Gets Listed on Poloniex Exchange

Poloniex has officially listed OctoFi (OCTO), an Ethereum-based token designed to bring decentralized finance (DeFi) solutions to users. This listing expands OCTO’s accessibility, allowing traders to buy and sell the token on one of the most well-known cryptocurrency exchanges.

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Market Performance and Growth

At the time of this writing, OctoFi (OCTO) was being sold at $0.2397. The token’s market activity increased with a trading volume of $1,460.28 in the last 24 hours which is even greater from the day before by 266.80%. The increase in trading volume spotlights more interest of the investors in OCTO.

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Centralized and decentralized exchanges have OCTO tokens. Indodax is by far the most preferred site for buying and selling OctoFi with the OCTO/IDR pair trading accounting for a whopping 24 hour volume of $1,460.28. Nonetheless, the trade in the token was made easier by the move of Poloniex to trade the token.

This move is expected to further enhance OCTO’s market liquidity and visibility. OctoFi gives users cash back when they carry out transactions with trusted DeFi and NFT marketplaces, across multiple blockchains, through the platform’s all-in-one dApp or browser-plugin Wallet. The project boasts over 4 thousand holders who are currently bullish about the token’s appealing use case.

Impressive Market Gains

OctoFi saw a remarkable price increase in November, securing gains of nearly 300%. This impressive growth positioned it among the top gainers in the crypto market. With Poloniex’s listing, OCTO’s exposure to a broader investor base could drive further adoption and trading activity.

Poloniex’s listing of OCTO reinforces its commitment to supporting promising Ethereum-based tokens and expanding the options available to traders. Investors can stay updated on OctoFi’s market performance by checking CoinGecko’s list of highest volume cryptocurrencies.

Additional Tokens Listed Today

World Mobile Token (WMTX)—BitMart.
Tokamak Network (TOKAMAK)—Biconomy Exchange
Arma The Battle Ground (AB)—Huobi.
Triffic (GPS)—Futures
deertoken (DEER)—AscendEX.

Victor Ebo

Victor is a crypto and blockchain enthusiast with over 5 years of experience. I have written for crypto sites like Cryptomode, Bitcoinsensus, Bitcoinist, NEWSBTC, The Voice of Crypto and more.

Disclaimer

The information provided in this article is for informational purposes only and reflects the author’s opinion. It should not be construed as financial, legal, or investment advice. The cryptocurrency market is volatile and carries risks. Please conduct your own research before making any decisions.

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