Bithumb, one among South Korea’s main cryptocurrency exchanges, has listed Ancient8 (A8) and Drift (DRIFT) tokens on its platform. Following the announcement, A8 worth surged by 30%, whereas the opposite token gained 7%, showcasing robust investor curiosity. The listings additional reinforce the rising attraction of Web3 gaming and decentralized buying and selling options amongst international buyers.
Bithumb Announces Ancient8 and Drift Listing
On January 14, Bithumb announced the itemizing of Ancient8 and Drift tokens on its platform, including them to the KRW pairs. Deposits and withdrawals opened inside two hours of the announcement, whereas buying and selling started at 5:00 PM.
A8 debuted at a base worth of 429 received, supported on the Ethereum community, requiring 33 deposit confirmations. DRIFT was launched at 1,605 received, working on the Solana community, with 20 deposit confirmations. Both tokens are anticipated to draw important buying and selling exercise because of their distinctive options and use circumstances.
The inclusion of those tokens highlights the alternate’s dedication to supporting revolutionary initiatives within the crypto ecosystem.
Bithumb Trading Rules and Restrictions
To guarantee a safe buying and selling setting, Bithumb has applied non permanent transaction restrictions for these new listings. Buying orders are restricted for the primary 5 minutes after buying and selling begins, whereas promoting orders are restricted throughout the identical interval, stopping costs from dropping beneath 10% or exceeding 100% of the bottom worth.
Additionally, deposits and withdrawals are supported solely by means of acknowledged networks. Deposits through unsupported networks won’t be processed, and customers are suggested to double-check the deal with and community earlier than initiating transactions.
A8 and DRIFT Crypto Tokens Performance
Following the itemizing announcement, Ancient8 (A8) worth noticed a 30% surge, with the value now buying and selling at $0.3293. Its 24-hour high and low are $0.25 and $0.3756, respectively. It has a market cap of $76.74 million, and buying and selling quantity has elevated by 265% after the announcement and is now at $6 million.
Similarly, DRIFT worth was buying and selling at $1.183, marking a 7% enhance within the final 24 hours. The token rose over 140% within the final quarter. It has a market cap of $324 million and a buying and selling quantity of $88 million, which marks a whopping 365% enhance within the final 24 hours. Crypto investor Da’G lately shared on X that the token is poised for a breakout, focusing on $5 as its near-term objective.
Listings on main exchanges typically result in worth spikes by rising dealer and investor entry. As seen with Zircuit price surged 35% after the itemizing announcement on Bithumb platform itemizing.
Coingape Staff
CoinGape contains an skilled group of native content material writers and editors working around the clock to cowl information globally and current information as a reality relatively than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The offered content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
