On South Korea’s major cryptocurrency exchange, Bithumb, the digital asset Zircuit (ZRC) has recently been added to their platform. This move has led to a 35% jump in Zircuit’s price, indicating high investor interest. Furthermore, the listing has ignited a substantial rise in trading activity, underscoring the growing fascination for this Layer 2 network that boasts innovative features and stringent security measures.
Zircuit Price Surges After Bithumb Listing Announcement
Starting January 13th, Bithumb has added Zircuit token to their trading platform. This coin can be traded using Korean Won (KRW) pairs. Deposits and withdrawals will begin two hours after the announcement, with trading starting at 4:00 PM on the same day. The initial price of each token will be set at 98.79 won.
The significant inclusion of Zircuit in this prominent listing has resulted in a 35% increase in its price, showcasing the high market interest. As one of the swiftly expanding Layer 2 networks, boasting a total value locked (TVL) of $2 billion, Zircuit offers cutting-edge features such as AI-enhanced sequencer-level security and impressive on-chain performance.
Arthur Hayes, a key player in the crypto world as the co-founder of BitMEX, frequently offers valuable insights and forecasts about the cryptocurrency market. In his latest post, he mentioned the notable occurrence of the ZRC listing, an event that might shape market movements.
Zoom zoom
— Arthur Hayes (@CryptoHayes) January 13, 2025
Listing ZRC on the exchange signifies their belief in Zircuit’s ecosystem and its promising future. This move will make it easier for international investors to invest, potentially boosting its adoption rate and reinforcing Zircuit’s standing as a trailblazer in the blockchain sector.
ZRC Airdrop Event Following Listing Announcement
After announcing that Zircuit will be listed, Bithumb has started an exhilarating airdrop promotion to mark the introduction of the ZRC/KRW trading pairs. By participating in this event, users are encouraged to trade the token for two consecutive days and receive a portion of 7,500,000 ZRC as a reward.
How to Participate in the Airdrop Event
As a crypto investor, I need to trade this token for two consecutive days from January 13 to January 14. If my trades make me eligible, I’ll receive an equal portion of the total 7,500,000 tokens. The rewards will be distributed on February 4. For example, if 10,000 investors participate, each of us would get around 750 ZRC (which is approximately 74,000 won based on the standard price).
More Details About the Event
Anyone can join, regardless if they’ve participated in other events hosted by Bithumb. However, those found involved in questionable activities like price manipulation will not be allowed to participate. Only authenticated customers are qualified, and the event rules may evolve according to Bithumb’s decision-making process.
Trading Rules and Regulations on Bithumb
On Bithumb, a stringent policy has been established to maintain a secure trading atmosphere for Zircuit. During the initial five minutes after trading commences, buying orders are temporarily limited. Simultaneously, selling orders are also restrained within this time frame, thereby preventing sudden increases in price beyond 100% or decreases beyond 10% of the standard rate.
In addition, transactions for ZRC (Zeronium Coin) can only be made through authorized networks by the exchange. It’s important to be vigilant when moving assets, as deposits sent via unsupported networks will not be handled. These precautions are put in place to ensure a secure trading experience and maintain market balance during ZRC’s initial trading period.
ZRC Price Action
After the announcement about listing, the price of ZRC increased by 35%, currently trading at approximately $0.0763. The token’s lowest and highest prices over the past 24 hours were $0.06595 and $0.08067 respectively. At this moment, ZRC has a market capitalization of about $113 million, with trading volume experiencing an increase of 51% to reach approximately $44 million.
On significant trading platforms, listings can trigger price increases. This is because more traders and investors gain access to the coin, leading to an increase in liquidity and market exposure. This increased activity often sparks further interest, contributing to a rise in the coin’s value. For instance, Zircuit’s price hike resembles Filecoin’s upward trend following Bithumb’s announcement of listing Filecoin, which saw a 12% increase.
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2025-01-13 10:16