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VOXEL price surged by more than 55% in the past 24 hours, reaching its highest level since mid-June. 
The Voxies (VOXEL) token surged sharply on Aug. 20 after the world’s largest cryptocurrency exchange Binance revealed a major announcement for Vovies. The Voxies token is the utility token and in-game currency of the free-to-play tactical role playing game Voxie Tactics. 
Voxie runs on the Polygon (<a href="https://crypto.news/price/polygon/">MATIC</a>) blockchain and the token provides for its rewards system. 
<h2 class="wp-block-heading" id="binance-news-sparks-voxel-price-surge">Binance news sparks VOXEL price surge</h2> 
In particular, Binance Futures <a href="https://x.com/BinanceFutures/status/1825814350650814975" target="_blank" rel="">announced</a> the launch of VOXEL perpetual contract. The VOXELUSDT contract that offers up to 50x leverage went live on Aug. 20 at 10:30 UTC. Binance Futures also listed Base meme coin Brett (<a href="https://crypto.news/price/brett/">BRETT</a>), news that also <a href="https://crypto.news/brett-crypto-forms-god-candle-turning-point-still-not-confirmed/">sparked the meme coin’s price rally</a> on the day. 
 You might also like: <a href="https://crypto.news/synapse-price-soars-40-as-binance-futures-lists-syn/"> Synapse price soars 40% as Binance Futures lists SYN </a> 
Binance stated that the USD-Margined VOXEL Perpetual Contract would have a capped funding rate of +2.00% / -2.00% and would settle in the USDT stablecoin. 
Investors responded positively to the news, pushing VOXEL’s price sharply higher. After trading below $0.14 earlier in the day, VOXEL spiked following Binance’s announcement, reaching highs of $0.27. Although the altcoin has since retraced some of its gains, it is still trading around $0.22, up more than 55% at the time of writing. 
VOXEL’s price is also up more than 94% over the past week, with bulls recovering much of the losses from its May lows of $0.09. 
VOXEL’s significant gains on Aug. 20 coincided with another key development for the token: the cryptocurrency exchange MEXC <a href="https://www.mexc.com/support/articles/17827791517932" target="_blank" rel="">added</a> trading support for VOXEL/USDT on Aug. 19. 
 Read more: <a href="https://crypto.news/bitcoin-reaches-61k-old-coins-enter-chain/"> Bitcoin reaches $61k, old coins enter chain </a>

VOXEL skyrockets 55% after major Binance announcement

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