Opulous (OPUL) price soars after DeFi staking announcement, S-NFT sale and CEX listings

Non-PFP NFTs had been cooling down implicit the past fewer months but present that Bitcoin and Ethereum person turned bullish again, altcoins and NFT-focused tokens are opening to follow.

Music NFTs are 1 assemblage of the ecosystem that is showing bullish signs this week, and Opulous (OPUL) protocol was the breakout prima of the day. Opulous aims to bring aspects of decentralized concern (DeFi) to the euphony manufacture and besides alteration however artists entree funding.

Data from Cointelegraph Markets Pro and TradingView shows that the terms of OPUL has climbed 260% since hitting a debased of $0.287 connected March 18 to deed a regular precocious of $1.04 connected April 4 amid a 415% spike successful its 24-hour trading volume.

OPUL/USDT 4-hour chart. Source: TradingView

Three reasons for the terms turnaround successful OPUL see the completion of its latest information NFT (S-NFT) sale, caller speech listings and the upcoming motorboat of liquidity pools for OPUL connected aggregate Algorand-based DeFi protocols.

The archetypal S-NFT merchantability is simply a success

The biggest operator of involvement successful OPUL implicit the past mates of weeks was the motorboat of its latest S-NFT merchantability for the opus “Patek Myself” by the U.K. rap creator Ard Adz.

The S-NFT merchantability occurred connected March 31 and took little than 45 minutes to merchantability retired and scope its extremity of raising $50,000, with information from WeFunder showing the merchantability was oversubscribed and managed to rise $66,900.

Since the sale, the squad astatine Opulous revealed that the adjacent large announcement from the task volition beryllium revealed this week and volition impact an S-NFT merchantability for an full euphony album.

— Opulous (@opulousapp) April 2, 2022

DeFi staking is connected the way

Another origin helping to boost the terms of Opulous are plans to database OPUL connected respective DeFi protocols successful the Algorand (ALGO) ecosystem.

Pact, an Algorand-based automated marketplace maker, has already established 2 liquidity pools for OPUL that are paired with ALGO and USD Coin (USDC) and it precocious announced a run successful conjunction with the Algorand Foundation that volition administer 1 cardinal ALGO tokens to its supported pools betwixt April 8 and June 2.

Opulous has besides revealed that caller staking pools volition beryllium coming to the Algorand DeFi hub AlgoFi opening connected April 5.

— Opulous (@opulousapp) April 4, 2022

Related: Record euphony streaming profits item however NFTs volition empower contented creators

OPUL lists connected centralized exchanges

OPUL has besides precocious listed to a fewer centralized exchanges, including HotBit and LAToken.

After the March 30 listing announcement for LAToken, the task teased that different speech listing would beryllium “coming adjacent week,” indicating the imaginable for further terms appreciation.

In summation to these caller speech listings, the OPUL staking excavation connected KuCoin has accrued its capableness to 5 cardinal OPUL, accrued the disposable lockup clip to 60-days and present offers an APY of 30%.

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