DeFi staking leads to 175 percent surge in opulent price
- Opulous (OPUL) price is up 175% following recent announcements.
- OPUL launched its latest S-NFT sale for British rap artist Ard Adz.
- Opulous plans to list OPUL in a variety of DeFi protocols in the Algorand ecosystem.
The price of Opulous (OPUL) has rallied 175% off its bottom after announcing Decentralized Finance (DeFi) staking, the upcoming sale of NFT security securities (S-NFT) and a series of centralized exchange listings.
The main reason behind rising investor interest in OPUL over the past few weeks is the start of the latest S-NFT sale for the song “Patek Myself” by British rap artist Ard Adz. The sale took place on March 31st and the goal of raising $50,000 was met in just 45 minutes.
At the end of the day, they managed to raise $66,900 as the sale was oversubscribed, according to data from WeFunder.
Following that success, Opulous is making its next big announcement sometime this week, which will reportedly include another S-NFT sale for an entire music album.
Another factor that gave Opulous price a boost is their plans to list OPUL in a variety of DeFi protocols in the Algorand (ALGO) ecosystem. The automated market maker pact based on Alogorand has already set up two liquidity pools for OPUL.
These liquidity pools are pegged to ALGO and (USDC). Pact has also announced a campaign in partnership with the Algorand Foundation. The campaign will distribute 1 million ALGO tokens to supported pools between April 8th and June 2nd.
The latest contributor to OPUL’s recent price surge is the company’s announcement of launching new staking pools on Algorand DeFi hub AlgoFi in early April this year.
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