One of South Korea’s major cryptocurrency exchanges, Bithumb, has added Ancient8 (A8) and Drift (DRIFT) tokens to its service. This move led to a 30% increase in the price of A8 and a 7% rise for DRIFT, demonstrating high investor enthusiasm. The listings underscore the growing popularity among international investors of Web3 gaming platforms and decentralized trading solutions.
Bithumb Announces Ancient8 and Drift Listing
On the 14th of January, Bithumb made public their decision to list Ancient8 and Drift tokens on their platform, including these in their KRW pairings. The opportunity for deposits and withdrawals was available just two hours following the announcement, and trading commenced at 5:00 PM on the same day.
Initially listed for 429 won on the Ethereum platform, token A8 needs 33 confirmation transactions before deposits. On the other hand, DRIFT started at 1,605 won within the Solana network, requiring just 20 deposit confirmations. Both of these tokens are expected to generate considerable trading interest because of their distinctive attributes and applications.
Adding these tokens underscores the trading platform’s dedication to fostering cutting-edge cryptocurrency initiatives.
Bithumb Trading Rules and Restrictions
For a secure trading experience on Bithumb, temporary transaction limitations have been set for newly listed assets. Initially, buying orders will be temporarily halted for the first five minutes following trade commencement. During this period, selling orders will also have restrictions in place, preventing prices from dipping below 10% or surging beyond 100% of the base price.
Furthermore, we accept deposits and withdrawals exclusively through trusted networks. Transactions initiated from unrecognized networks won’t be processed, so it’s important for users to verify the correct address and network prior to making any transfers.
A8 and DRIFT Crypto Tokens Performance
After the announcement about listing, Ancient8’s (A8) price jumped by 30%, currently standing at $0.3293. The day’s lowest and highest prices have been $0.25 and $0.3756 respectively. Its total value stands at approximately $76.74 million, and the trading volume has spiked by 265% post-announcement, reaching around $6 million now.
In a comparable manner, the DRIFT price currently stands at $1.183, representing a substantial 7% surge in the past day. Notably, this digital asset saw an impressive rise of more than 140% in the last three months. It boasts a market capitalization of approximately $324 million and recorded a trading volume of around $88 million – a significant 365% jump within the same timeframe. Crypto enthusiast Da’G recently hinted on platform X that DRIFT is set for an imminent surge, with a potential target price of $5 in the near future.
Trades on prominent markets can cause sudden price increases due to heightened trader and investor involvement, as evidenced by Zircuit’s 35% jump following its listing announcement on the Bithumb exchange.
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2025-01-14 12:09