Onyxcoin (XCN) climbed to a 3-month excessive after South Korean trade Upbit confirmed it would record the token immediately.
The altcoin noticed a notable worth surge after the announcement, reaching an intraday peak of $0.0086, its strongest stage since mid-January.
Onyxcoin (XCN) Value Jumps to January Highs Forward of Upbit Debut
At press time, XCN was buying and selling at $0.0077, up 64.48% because the announcement. The sharp rally has propelled the token to the highest of the gainers’ record among the many 1,000 largest cryptocurrencies by market capitalization on CoinGecko.
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The day by day buying and selling quantity additionally jumped 629% to achieve $37 million. South Korea’s second-largest crypto trade accounted 25.45% of the overall quantity. Traditionally, Upbit listings have produced sharp short-term worth reactions in newly listed altcoins.
In the meantime, the trade revealed that XCN buying and selling will begin at 16:00 Korean Normal Time (KST). The altcoin might be obtainable to commerce towards two pairs: the Korean Gained (KRW) and Tether (USDT).
“Please be sure you confirm the community earlier than depositing digital belongings. Deposits and withdrawals by networks aside from the one specified aren’t supported,” the discover learn.
The trade additionally famous that it’s going to apply short-term buying and selling restrictions. For the primary 5 minutes after buying and selling opens, merchants won’t be able to put purchase orders, and promote orders priced greater than 10% beneath the day before today’s closing worth might be blocked.
Moreover, the trade will allow solely restrict orders for roughly two hours after buying and selling help begins. The non permanent measures are supposed to cut back volatility and guarantee a good, managed begin to XCN buying and selling.
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The publish Upbit Itemizing Pushes Onyxcoin (XCN) to Highest Stage in 3 Months appeared first on BeInCrypto.