After completing the switch from Toncoin to Gram, the GRAM was significantly strengthened by Binance's introduction of a side transaction. In the past 24 hours, the token has increased by nearly 9 per cent, more than most encrypted assets. At the same time, Binance resumed major services, such as loading and spot, and the uncertainty of the market for this transition decreased.
Binance resumes trading services
This round is a direct catalyst for platform support from Binance. The exchange confirmed that GRAM-related fillings, cash withdrawals and spot transactions were back to normal and accompanied by the roll-out of transactions to increase user participation. For projects that have just completed the renaming and relocation, the restoration of full service on the head exchange usually leads to greater exposure and mobility.
As the terms of the transaction resumed, the number of purchases increased rapidly. According to the article, this also means that the main migration process for the project from TON to GRAM has largely been completed, and some of the funds that had previously been seen began to flow back.
Derivatives are ready for simultaneous magnification.
In addition to the spot market, there has also been a marked warming of derivative data. The CoinGlass data show that the sale of GRAM derivatives grew by more than 50 per cent to about $149 million; the unwinding contract grew by more than 18 per cent to about $99 million.
- Derivatives traded at approximately $149 million
- Unsettled contracts of approximately $99 million
- 24 hourly price increases close to 9%.
The simultaneous rise in prices, turnover and unsettled contracts usually suggests that additional funds are entering the market, rather than simply refilling them. This means that some traders are in the process of creating new multi-head positions and that the bets continue to rise.
Market interest at $2.
In terms of price performance, GRAM is still operating in the upswing, and has been rising at high and low points in the recent past. Current prices are being tested in the range of 1.85 to 1.90 United States dollars, which is considered an important position in the short-line direction.
If a follow-up station is located in this resistance zone, the market focus may turn to the $2 integer level. Below is the US$ 1.75 to 1.78, and if prices remain within this area, the current trend of bias is expected to continue.
Overall, this round was driven by a combination of exchange activity, improved liquidity and increased participation in derivatives. Next, whether GRAM continues to rise depends on the continuation of the buyout and the stability of the overall encrypted market sentiment.