As a seasoned researcher with years of experience tracking cryptocurrency markets and their dynamics, this Bithumb listing announcement has piqued my interest significantly. The rapid surge in prices for NEIRO, MORPHO, and SUNDOG following their inclusion on South Korea’s second-largest exchange is a testament to the immense buying sentiment that these tokens have managed to generate.
On Thursday, South Korea’s second-largest cryptocurrency exchange, Bithumb, will introduce the trading of Neiro, Morpho, and SUNDOG in Korean Won pairs. The launch will occur in staggered timeframes to maintain market balance and secure transaction safety.
Today’s announcement has ignited enthusiasm, as NEIRO climbed by 5%, MORPHO experienced a 20% increase, and SUNDOG jumped 7%. This suggests strong buying interest across all three companies.
Bithumb Announces NEIRO, MORPHO, and SUNDOG Listing
Bithumb announced that it will list NEIRO, MORPHO, and SUNDOG on its Korean Won market starting from December 5. Trading for these coins will commence successively at 6:00 PM (NEIRO), 6:30 PM (MORPHO), and 7:00 PM (SUNDOG) in local time.
During the initial stage, we’ll enforce stringent safety protocols to ensure stable trading. For a period of five minutes, only selling orders will be allowed with prices that range from 90% lower to 100% higher than the base price. At the start, NEIRO is valued at 2.434 Korean won, MORPHO stands at 2.319 KRW, and SUNDOG begins at 245 KRW.
As an analyst, I can confirm that we have ensured rigorous assessments to guarantee our tokens comply with necessary operational standards. Traders are now able to deposit funds via both Ethereum and Tron networks, adhering to the unique regulations of this platform. This decision underscores the escalating interest in these digital assets, driven by substantial trading activity in South Korea’s market.
Market Reaction and Price Performance
As a researcher examining the market trends, I can confidently state that the listing on Bithumb has seemingly boosted the prices of NEIRO, MORPHO, and SUNDOG. For instance, the price of NEIRO was previously at $0.00180, but today it has climbed by 5% marking a substantial 30% growth over the past month. The token’s trading range for the last 24 hours varied between $0.001642 (the low) and $0.001812 (the high), indicating consistent demand from investors.
As a researcher observing the market, I’ve noticed an intriguing surge in MORPHO’s price. It currently trades at $1.713, with a staggering market capitalization of $236 million. The trading volume over the past 24 hours has been exceptionally high at $156 million. The weekly performance of this cryptocurrency has been particularly noteworthy, showing an impressive 20% increase as trader interest escalates.
SUNDOG price also experienced a 2% increase, currently trading at $0.1909, with a 24-hour high of $0.1991. Its market cap stands at $189 million with a trading volume of $161 million. The trend reflects the broader impact of listings on major exchanges, often acting as catalysts for price rallies.
The action by Bithumb is reminiscent of previous price spikes that occurred following the listings of Biconomy and Puffer. As these coins become more accessible due to growing interest from traders and investors, they seem poised for even greater expansion.
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2024-12-05 12:15