Puffer Price Skyrockets 40%, Biconomy (BICO) 20% After Major Listing

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As a seasoned analyst who has navigated through the crypto market’s ebb and flow for over a decade, I find the recent listing of Biconomy (BICO) and Puffer Finance (PUFFER) on South Korea’s second-largest exchange, Bithumb, particularly intriguing.

In simpler terms, Bithumb, South Korea’s second-largest cryptocurrency exchange, has introduced trading options for two digital currencies, Biconomy and Puffer Finance, using the Korean Won (KRW). This is a notable achievement for both projects. Consequently, the price of PUFFER surged by 40%, and BICO experienced an almost 20% increase in value after being listed.

On the Ethereum platform, both these assets can now be accessed, as deposit and withdrawal functionalities are now active. Today marks the start of this launch, which brings additional governance and staking options to broaden Bithumb’s services within the rapidly expanding Decentralized Finance (DeFi) sector.

Bithumb Introduces Trading for Biconomy and Puffer Finance

On November 25, it was announced that Biconomy and Puffer Finance would be listed on the Bithumb platform. This significant step forward provides users with a straightforward way to get their hands on these tokens. With this listing, users can now enjoy governance, staking, and utility benefits associated with these projects.

Our platform has introduced trading options for BICO and PUFFER using the Korean Won (KRW). These tokens will operate on the Ethereum blockchain, meaning deposits and withdrawals can only be made with Ethereum. Initially, Biconomy’s token price is set at 480 KRW, while Puffer Finance starts at 422 KRW. To maintain smooth transactions, the exchange has implemented a five-minute restriction on buying orders after trading commences and a cap on selling orders within a 12% price range.

Both tokens offer enhanced utility within their respective ecosystems. BICO supports smart account functionalities, staking, and transaction fees within Biconomy’s multi-chain relayer infrastructure. PUFFER, on the other hand, is a key component of Puffer Finance’s liquidity re-staking protocol, enabling users to easily stake ETH and earn rewards.

Launching these tokens on Bithumb offers a fantastic chance for investors interested in governance and staking features, particularly those looking to capitalize on the burgeoning Decentralized Finance (DeFi) sector.

Price Surges Following Exchange Listing

Listing on well-known cryptocurrency platforms like Coinbase can significantly increase a token’s value, as demonstrated by FLOKI‘s rise after its listing. In the same vein, the recent inclusion of PUFFER and BICO on Bithumb has had a positive effect, causing an uptick in their prices and trading activity.

At present, the value of Puffer is being traded at $0.39. In the past 24 hours, it has experienced a significant surge of 40%. Its lowest and highest points during this period were $0.26 and $0.422 respectively. Over the last month, PUFFER has seen an impressive growth of 50%, and in just the last week, it has climbed by 36%. With a market capitalization of $38 million and a trading volume of $114 million, the price of PUFFER is experiencing robust upward movement.

right now, the BICO token, which belongs to Biconomy, stands at a price point of $0.37. This represents a 12% rise over the past day. The token’s price range in the last 24 hours has been between $0.299 and $0.37. Over the past month, BICO has skyrocketed by 110%, while in the last week it has grown by 27%. The market capitalization of Biconomy is currently at $329 million, with a trading volume within the last 24 hours of $59 million.

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2024-11-25 12:08