Safe, the most important sensible account ecosystem on EVM, nabbed substantial investor consideration throughout the crypto trade on Thursday as its native coin’s SAFE value rocketed almost 88%. The main S. Korean crypto alternate Upbit listed the token, prompting market reactions from merchants and traders. Meanwhile, crypto market members speculate whether or not the coin might maintain a bullish motion forward in mild of its current itemizing.
SAFE Secures Major Exchange Backing Sparking Optimism Over Price
As per an official Upbit announcement dated October 24, the S. Korean crypto alternate is itemizing SAFE in KRW, BTC, and USDT buying and selling pairs at present.
“Deposits and withdrawals through networks other than the guided network are not supported,” the alternate added. Buy orders are restricted for roughly 5 minutes after the buying and selling help commences.
Further, deposits and withdrawals are allowed solely by way of private pockets addresses the place the ‘confirmation of ownership’ has been carried out. However, Upbit notified customers that when depositing massive sums of digital belongings from unknown sources, a name for the supply of funds could also be requested.
Coin Price Shoots Up 88%
Nevertheless, the announcement by one of many leading crypto exchanges has promptly fueled a optimistic affect on SAFE value. The coin at the moment displays immensely bullish market sentiments, with on-chain stats additionally mirroring an uptrend.
At press time, SAFE value surged by a staggering 88% from its 24-hour low and is buying and selling at $1.75. The crypto’s intraday high and low had been recorded as $0.9199 and $1.78, respectively. Even merchants reacted positively to the Upbit itemizing, as seen by a whopping 453% surge within the asset’s intraday buying and selling quantity.
Further, Coingass information indicated a exceptional 500% surge in SAFE futures OI to $7.62 million. Moreover, the derivatives quantity upsurged 33% to $14.10 million. The information underscores an uptrend for the token at present, coupled with its phenomenal exercise in derivatives market.
Simultaneously, it’s noteworthy that main crypto exchanges’ listings gas a bullish momentum for an asset’s value. CoinGape media reported Simon’s Cat (CAT) price to have shot up almost 40% with its futures itemizing on Binance not too long ago. Notably, the cat-themed token prolonged good points to just about 77% to this point after the perpetual itemizing. This chronicle has additional hinted that SAFE value might see additional good points forward.
Coingape Staff
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