Rocket Pool price has surged 29% in the past 24 hours to break above $6, with this coming amid a 150% spike in open interest.
As several altcoins rose alongside Ethereum (ETH), holders of the native token of decentralized Etherum staking protocol Rocket Pool Rocket Pool
-1.22%
Rocket Pool witnessed an impressive 29% price increase. The 24-hour gains extended the uptick from support below $5 for RPL.
Notably, the liquid staking protocol’s gains came with a massive 800% increase in daily trading volume. Data from Coinglass also showed Rocket Pool commanding a 150% jump in open interest. OI is a metric analysts use to gauge market sentiment around a particular token, with factors such as liquidity and likely price movements also notable.
