DeFi Staking Leads 175% Surge in Opulous Price By CoinQuora

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DeFi Stak­ing Leads 175% Surge in Opu­lous Price
    • The price of Opu­lous (OPUL) has ral­lied 175% fol­low­ing recent announcements.
    • OPUL launched its newest S‑NFT sale for the U.K. rap artist Ard Adz. 
    • Opu­lous plans to list OPUL on a wide array of DeFi pro­to­cols in the Algo­rand ecosystem.

The price of Opu­lous (OPUL) has ral­lied 175% from its low fol­low­ing the announce­ment of their Decen­tral­ized Finance (DeFi) stak­ing, their upcom­ing secu­ri­ty NFT (S‑NFT) sale and a num­ber of cen­tral­ized exchange listings.

The main con­trib­u­tor to the increase in investor inter­est in OPUL over the last cou­ple of weeks is the launch of its newest S‑NFT sale for the U.K. rap artist Ard Adz’s song “Patek Myself”. The sale was held on 31 March and the goal of rais­ing $50,000 was reached in only 45 minutes.

At the end of the day they man­aged to raise $66,900 due to the sale being over­sub­scribed, accord­ing to data from WeFunder.

Fol­low­ing this suc­cess, Opu­lous is mak­ing their next big announce­ment some­time this week and it is said to include anoth­er S‑NFT sale for an entire music album.

Anoth­er con­tribut­ing fac­tor that gave the Opu­lous price a boost is their plans to list OPUL on a wide array of DeFi pro­to­cols in the Algo­rand (ALGO) ecosys­tem. The Alo­go­rand-based auto­mat­ed mar­ket mak­er, Pact, has already estab­lished two liq­uid­i­ty pools for OPUL.

These liq­uid­i­ty pools are paired with ALGO and (USDC). Pact has also announced a cam­paign in con­junc­tion with the Algo­rand foun­da­tion. The cam­paign will dis­trib­ute 1 mil­lion ALGO tokens to sup­port­ed pools between April 8 and June 2.

The last con­trib­u­tor to OPUL’s recent price surge is the firm’s announce­ment that they will be intro­duc­ing new stak­ing pools to the Algo­rand DeFi hub, Algo­Fi, at the begin­ning of April this year.

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Fusion Media or any­one involved with Fusion Media will not accept any lia­bil­i­ty for loss or dam­age as a result of reliance on the infor­ma­tion includ­ing data, quotes, charts and buy/sell sig­nals con­tained with­in this web­site. Please be ful­ly informed regard­ing the risks and costs asso­ci­at­ed with trad­ing the finan­cial mar­kets, it is one of the riski­est invest­ment forms possible. 

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