OKX will launch USDT-margined perpetual futures for AI projects GRIFFAIN and ZEREBRO on Dec. 27, 2024, with 50x leverage and reduced fees.

Crypto exchange OKX will launch USDT-margined perpetual futures for two new digital assets, GRIFFAIN and ZEREBRO – projects focused on artificial intelligence applications. The listings will launch today at 07:00 am UTC for GRIFFAIN and at 07:15 am UTC for ZEREBRO. Support for the launch will come via OKX’s web platform, mobile application and API.

GRIFFAIN is an AI-powered platform that enables users to transform their intentions into tasks through its smart, personalized AI agents. The platform is designed to allow users to build and deploy custom AI agents within its ecosystem with the express purpose of automation. Traders can open GRIFFAIN perpetual futures with up to 50x leverage from 0.01x, which will be settled in Tether (USDT). The contract size is 10, with a funding interval of 4 hours. 

ZEREBRO is an AI platform that enables decentralized content creation, distribution, and analysis on social platforms. The perpetual futures contract has trading specifications in common with GRIFFAIN, including a leverage range of 0.01x to 50x, with settlement option in USDT. ZEREBRO enables autonomous AIs to better integrate into decentralized content ecosystems. 

To reduce the impact of market volatility in the first phase of trading, OKX will limit the funding fee of both perpetual futures to 0.03% until Dec. 27, 4:00 pm UTC. After this introductory phase, the maximum funding fee will go back to the normal 1.5% max. Funding fees will be applied every four hours following this adjustment, with the first post-adjustment fee set to be used at 8:00 pm UTC the same day the platform is added.

The listing decisions are consistent with OKX’s continuous plans to add to its perpetual futures item set in response to increasing demand for AI-themed crypto assets. Traders are recommended to read the insights of the exchange towards perpetual futures trading guide and terms, particularly since the perpetual contracts follow the same price limits mapped out for any of the other digital assets traded on the platform.

According to CryptoSlate, the AI crypto space shows diversified interest, with a 4.68 percent rise in overall market cap over the last 7 days valued at $32.63 billion sector.

A closely followed analyst says the crypto bull market’s end is much closer than most traders realize.

In a new thread on the social media platform X, Jason Pizzino tells his 123,400 followers that investor sentiment indicates traders now are closer to the end of the bull market than the start.

“Bitcoin and crypto ‘end-stage’ emotional volatility has dramatically increased which only suggests we are much closer to the end than the beginning of the cycle.

That might seem like an obvious statement now, but wait until the market gets closer to the final top; it won’t be so obvious which is generally a signal within itself.”

In an accompanying video update, Pizzino says historically, when the market gets excited and overconfident, stagnation tends to follow.

“I think a lot of people believe this cycle should run until the end of 2025, but what if we’re seeing a lot of that excitement come back into the market?

Every time it goes up, all I see is just everyone getting super bullish and then it pauses for a bit, corrects, and then we start on the next move. So I’m just keeping an open mind.”

The trader’s chart uses Bitcoin (BTC) as an example. According to Pizzino, the top crypto asset by market cap may correct or trade sideways all the way until October 2025.

“Looking somewhere [between] Q2 out to Q3, just the beginning of Q4… Most people can’t handle six to 10 months.

They talked about a drop of one month and they all freaked out yesterday, it’s absolutely bonkers out there, which is why I think we are in those final moves, basically the end of the cycle.”

BTC is trading at $98,900 at time of writing, a marginal increase on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A widely followed cryptocurrency analyst and trader is leaning bullish on XRP.

The analyst pseudonymously known as CredibleCrypto tells his 450,200 followers on the social media platform X that paired against Bitcoin (BTC), XRP “looks absolutely fantastic.”

The trader says he plans to enter a long position in the coming days.

Based on the analyst’s chart on the one-hour time frame, it appears he is suggesting that XRP could first trend downwards before skyrocketing by at least 65%.

It also appears that the analyst believes XRP has formed an inverse head-and-shoulders pattern in the same time frame. An inverse head-and-shoulders pattern is considered a bullish signal in technical analysis.

“Still the most bullish-looking chart in the entire space off the lows in my opinion. Just a powder keg building pressure…”

XRP is trading at 0.00002323 BTC ($2.28) at time of writing.

Next up is Ethereum (ETH). CredibleCrypto says that ETH is likely to trade in a range of between $3,000 and $3,800 before bottoming out at around $2,800.

Based on the pseudonymous analyst’s chart on the 12-hour time frame, he suggests Ethereum could then rally to a new all-time high above $6,000.

Ethereum is trading at $3,492 at time of writing.

Turning to the Ethereum/Bitcoin pair, the widely followed analyst says he is still targeting Ethereum to drop to around the 0.02700 BTC to 0.02800 BTC level before he can enter a long position. According to CredibleCrypto, ETH/BTC is now “grinding back down” after initially rallying.

“Would be an absolutely epic entry if we get it that will probably mark this cycles pico bottom on ETH/BTC as well.”

ETH is trading at 0.03542 BTC at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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