As the crypto market gears up for the weekend, momentum is slowing down. While Bitcoin continues to show strength, it struggles to push beyond the $68,000 mark. Meanwhile, the altcoin market presents a mixed picture, with some tokens losing ground while others surge due to various factors. Leading market maker DWF Labs has announced a surprise partnership with a rising altcoin, causing its price to skyrocket.

DWF Labs Partners with NeiroOnEthereum, Altcoin Surges!

As reported by The Bit Journal, DWF Labs frequently makes headlines with its investments in the crypto space. The major market maker is known for partnering with select altcoins, and its backing is often seen as a vote of confidence, sometimes leading to price hikes for the chosen tokens. In a recent development, DWF Labs announced its partnership with NeiroOnEthereum:

Ready, set, woof

We’re excited to announce our partnership with @NeiroOnEthereum. Looking forward to working together with their team to drive growth in the market presence and community of $NEIRO https://t.co/8vmuEqNwrK

— DWF Labs (@DWFLabs) October 18, 2024

“We’re thrilled to announce our partnership with NeiroOnEthereum. We look forward to working with their teams to grow NEIRO‘s market presence and community,” DWF Labs shared.

Following this announcement, NEIRO’s price surged, jumping from $0.083 to $0.1021 during the day. While the token later lost some ground, it was still trading over 7% higher at $0.097 at the time of writing. Additionally, trading volume for NEIRO saw an impressive 11.5% increase, indicating growing interest from investors and traders.

DWF Labs Announces Options Trading Launch and Major Upgrades

In parallel with this partnership, DWF Labs also announced the launch of an Options Trading module for Web3 assets. The team is enhancing risk management tools to ensure maximum liquidity protection for clients at all stages of the trading and investment cycle. According to the official statement from DWF Labs, the platform now enables options trading on Web3 assets, marking a significant step forward for traders using the platform.

The latest expansion of DWF Labs’ product suite reflects its commitment to offering comprehensive and sophisticated trading solutions in the fast-evolving digital asset market. In addition to standard options contracts, DWF Labs offers customized options products through Options Advisors, tailored to meet the specific needs of its clients. This personalized approach highlights DWF Labs’ dedication not only to broad market access but also to addressing the unique challenges and opportunities in the Web3 space.

For more updates on this partnership and other major market developments, stay tuned to The Bit Journal.

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