OPUL’s price has risen 175% since its bottom after the project announced decentralized finance stacking, listings on decentralized exchanges, and upcoming S-NFT sales.
PFP tokens have been cooling off in recent months, but now that Bitcoin and Ethereum have become bullish, altcoins and NFT-focused tokens are following.
Music non-perishable tokens are one of the ecosystem areas exhibiting positive signals this week, and OPUL was the star of today’s hack. Opulus intends to incorporate parts of Decentralized Finance (Defi) into the music business as well as transform how musicians get funding.
According to Trading View data, the price of OPUL has risen 260 percent from a low of $0.287 on March 18 to a daily high of $1.04 on April 4 amid a 415 percent increase in volume. 24-hour trading is available.
The conclusion of the newest securities non-perishable token sale (S-NFT), listing on new exchanges, and the forthcoming introduction of OPUL’s liquidity pools on numerous Algorand-based decentralized finance protocols are three causes for the price movement at OPUL.
S-NFT’s first token sale was a success
The announcement of the latest S-NFT sales of British rapper Ard Adz’s “Patek Myself” has been the main driver of interest in OPUL over the last two weeks.
S-NFT sold out in less than 45 minutes on March 31, surpassing its $50,000 objective, according to WeFinder statistics, with the sale being oversubscribed and raising $66,900.
Since the sale, the Opolos team has disclosed that the project’s next significant announcement will be made this week, and will feature S-sale NFTs of a complete music album.
The future of finance is decentralized
Plans to use OPUL in some of the decentralized funding protocols in the Algorand (ALGO) ecosystem are also contributing to driving up the price of Opulus.
Bakkt, the Algorand automated market maker, has developed two liquidity pools for OPUL coupled with ALGO and USDC (USDC) and has just announced a campaign in collaboration with the Algorand Foundation to distribute 1 million ALGO tokens with supported pools between April 8 and June 2.
Opulus also announced that additional stacking complexes will be available at the Algorand Devi Center, AlgoFi, beginning April 5.
Listing of OPUL on central stock exchanges
OPUL has just been added to a number of prominent exchanges, including Hotbit and LAToken.
Following the announcement of LAToken’s listing on March 30, the project joked that another listing on the exchange will be “next week,” implying the possibility of more price increases.
In addition to being listed on these new exchanges, QCoin’s OPUL stake pool has raised its capacity to 5 million OPUL, increased the available closure time to 60 days, and now provides a 30 percent APY.
The author of this article does not recommend anything or nominate anyone, but rather observes the fluctuations of the market, since trading in digital currencies involves high risks, including the possibility of losing part or all of the investment amount. Thank you for your understanding