Cryptocurrency punters are confident that the market's new sensation, Space Exploration Technologies Corp.

(NASDAQ:SPCX), will open higher on Monday.

SPCX To Rally?

At the time of writing, Polygon (CRYPTO: POL)-based Polymarket assigned a 92% possibility that SpaceX's opening share price on Monday is greater than or equal to the closing share price on its IPO debut on Friday.

The odds jumped a whopping 32 percentage points in the last 24 hours, fueled not only by its blockbuster opening but also by favorable geopolitical developments.