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Option Token Price

Option Token Price(OT)

Note: This coin is not listed on Binance for trade and service
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$ 3.1127698
+0.82%
(1D)

OT Price Live Data

The live price of Option Token is $ 3.1127698 per (OT / USD) today with a current market cap of $ 0 USD. 24-hour trading volume is $ 0 USD. OT to USD price is updated in real-time. Option Token is +0.82% in the last 24 hours. It has a circulating supply of 0 USD.
OT Price Performance USD
ChangeAmount%
Today$ 0.0255124+0.82%
30 Days$ -1.2969086-41.66%
60 Days$ -1.4958832-48.06%
90 Days$ -1.7054071-54.79%

OT Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ NaN
High: $ NaN
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ NaN
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.11%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+0.82%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-1.48%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-1.48%
The percent change in trading volume for this asset compared to 7 days ago.

OT Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#null
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 0
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 0
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
0
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
0
Circulating supply shows the number of coins or tokens that have been issued so far.
Top News
Bitcoin Falls After 517K Jobs Added in January, Beating Expectations
The U.S. added 517,000 jobs in January, reported the Bureau of Labor Statistics (BLS), a huge jump from the revised 260,000 in December, and massively beating economist forecasts for 185,000. The unemployment rate fell to 3.4% versus 3.5% in December and against forecasts for 3.6%. Average hourly earnings stayed the same in January at 0.3% versus December with expectations of 0.3%. On a year-over-year basis, average hourly earnings fell 4.4% versus 4.6% in December and expectations for 4.3%. Bitcoin (BTC) fell to $23,379 in the minutes after the news. Both traditional and crypto markets earlier this week rallied after Federal Reserve Chairman Jay Powell said " [the] disinflationary process has started" at his post-FOMC press conference. This morning's strong payrolls report once again may dash the hopes of traders hoping that a significant deterioration in the strong employment picture might have the Fed put rate hikes on hold, and even get the central bank to think about rate cuts later in 2023.
Stephen Alpher - CoinDesk
14 hrs ago
Stephen Alpher - CoinDesk
14 hrs ago
Binance Market Update (2023-02-03)
The global cryptocurrency market cap now stands at $1.08T, down by -0.84% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $23,324 and $24,147 over the past 24 hours. As of 12:00 PM (UTC) today, BTC is trading at $23,539, down by -1.21%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include USTC, ILV, and LUNC, up by 59%, 37%, and 17%, respectively.Top stories of the day:EBay Hiring Multiple Web3 Roles Following NFT Marketplace AcquisitionThe Optimism Foundation Proposes to Upgrade the Optimism Mainnet on March 15Market movers:ETH: $1649.63 (-1.36%)BNB: $329.5 (-0.15%)XRP: $0.4109 (-0.92%)ADA: $0.4032 (-0.67%)DOGE: $0.09234 (-1.80%)MATIC: $1.1914 (-3.43%)SOL: $24.52 (-1.96%)DOT: $6.819 (+3.95%)LTC: $99.01 (-1.30%)SHIB: $0.00001251 (+3.65%)Top gainers on Binance:USTC/BUSD (+59%)ILV/BUSD (+37%)LUNC/BUSD (+17%)
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Bitcoin Pro Traders Warm Up the $24K Level, Suggesting That the Current BTC Rally Has Legs
On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve (FED) announced plans to raise interest rates by 25 basis points. Even though FED chair Jerome Powell told investors not to wait for interest rate cuts in 2023, during his press conference he did clearly state that the employment data is currently the main focus.The results of the ADP payroll survey revealed on Feb. 1 that U.S. private sector hiring was significantly slower in January. ADP's measure of private sector payrolls was 106,000, well below the 160,000 market consensus. This data fueled investors’ expectations of future interest rate hikes by the FED going forward.After testing the $22,500 support on Feb. 1, Bitcoin gained 6.5% in five hours and has since been flirting with the $24,000 level. While the recent gains are exciting, traders should note that the improvement in crypto market sentiment tracked the risk-on attitude seen in traditional markets.Stocks with negative operating margin presented significant gains on Feb. 2, including Coinbase (COIN) 20%, Cloudflare (NET) 15%, Unity Software (U) 12% and DoorDash (DASH) 10%. That factor alone should be a warning sign that the gains of the last few weeks might not be sustainable. It’s also important to remember that Bitcoin’s 40-day correlation to the S&P 500 remains above 75%.Potential regulatory headwinds could also have played a vital role in supporting Bitcoin's upside. Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), recently argued that a permanent ban on crypto could result in many missed opportunities.Huang, now an economics professor at Peking University’s National School of Development, criticized Bitcoin for lacking intrinsic value, but noted that crypto-related technologies are “very valuable” to regulated financial systems.Let's look at derivatives metrics to understand whether professional traders added leverage positions after Bitcoin’s recent price breakout.Bitcoin margin traders warm up to the $22,500 supportMargin markets provide insight into how professional traders are positioned because it allows investors to borrow cryptocurrency to leverage their positions.For example, one can increase exposure by borrowing stablecoins to buy Bitcoin. On the other hand, Bitcoin borrowers can only short the cryptocurrency as they bet on its price declining. Unlike futures contracts, the balance between margin longs and shorts isn't always matched.OKX stablecoin/BTC margin lending ratio. Source: OKXThe above chart shows that OKX traders' margin lending ratio drastically increased on Jan. 30, signaling that professional traders added leverage long after Bitcoin successfully bounced after testing the $22,500 support.More importantly, Jan. 29 marked the indicator’s lowest level in more than eleven weeks at 13 favoring stablecoin borrowing by a wide margin — it indicates that shorts are not confident about building bearish leveraged positions. Currently at 24, it is clearly evident that bulls are becoming more comfortable with the current $22,500 support.Options traders flirt with an optimistic biasTraders should also analyze options markets to understand whether the recent rally has caused investors to become more risk-averse. The 25% delta skew is a telling sign whenever arbitrage desks and market makers are overcharging for upside or downside protection.The indicator compares similar call (buy) and put (sell) options and will turn positive when fear is prevalent because the protective put options premium is higher than risk call options.In short, the skew metric will move above 10% if traders fear a Bitcoin price crash. On the other hand, generalized excitement reflects a negative 10% skew.Bitcoin 60-day options 25% delta skew: Source: LaevitasThe 25% delta skew has been relatively calm near negative 5, indicating similar odds for downside and upside from option traders. On the bright side, not even the $22,500 retest on Jan. 31 was enough to break the bulls’ spirit. Combined with the lack of demand from margin traders willing to short Bitcoin, the derivatives markets paint a bullish picture.Even if it takes a little longer (perhaps a couple of days) to break above $24,000, there are no signs of stress coming from the Bitcoin margin and options markets. However, traditional markets continue to play a vital role in setting the trend, so Bitcoin investors should not become overconfident.The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Cointelegraph By Marcel Pechman
20 hrs ago
Cointelegraph By Marcel Pechman
20 hrs ago
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