Following a significant listing by a cryptocurrency exchange, Ancient8 (A8) experienced a 30% increase, while DRIFT experienced a 7% increase.
Ancient8 (A8) and Drift (DRIFT) tokens have been added to the platform of Bithumb, a prominent cryptocurrency exchange in South Korea. The price of A8 increased by 30% after the announcement. In comparison, the other token experienced a 7% increase, indicating a significant level of investor interest. The listings bolster the increasing popularity of Web3 gaming and decentralized trading solutions among global investors.
Ancient8 and Drift Listing Announced by Bithumb
Bithumb announced on January 14 that Ancient8 and Drift tokens had been added to the KRW pairs on its platform. Trading commenced at 5:00 PM, while deposits and withdrawals were initiated within two hours of the announcement.
The A8 was introduced at a base price of 429 won and is supported on the Ethereum network, necessitating 33 deposit confirmations. DRIFT was launched at 1,605 won and operates on the Solana network, with 20 deposit confirmations. It is envisaged that both tokens’ distinctive features and use cases will generate substantial trading activity.
The incorporation of these tokens underscores the exchange’s dedication to fostering innovative initiatives within the crypto ecosystem.
Bithumb Trading Regulations and Limitations
Bithumb has implemented temporary transaction restrictions for these new listings to guarantee a secure trading environment. Buying orders are restricted for the initial five minutes of trading while selling orders are limited during the same period. This prevents prices from exceeding 100% of the introductory price or falling below 10%.
Furthermore, deposits and withdrawals are exclusively facilitated by accredited networks. Users are advised to verify the address and network before initiating transactions, as deposits made through unsupported networks will not be processed.
Performance of A8 and DRIFT Crypto Tokens
Ancient8 (A8) experienced a 30% price increase following the listing announcement, and it is currently trading at $0.3293. Its 24-hour low and high are $0.25 and $0.3756, respectively. Trading volume has surged by 265% since the announcement, reaching $6 million, and it currently has a market capitalization of $76.74 million.
In the same vein, the price of DRIFT was trading at $1.183, representing a 7% increase over the past 24 hours. In the most recent quarter, the token experienced a rise of more than 140%. It has experienced a significant 365% increase in the past 24 hours, with a trading volume of $88 million and a market capitalization of $324 million. Da’G, a crypto investor, recently stated on X that the token is on the brink of a breakout, with a near-term objective of reaching $5.
Price surges are frequently the result of listings on significant exchanges, which increase the accessibility of traders and investors. The price of Zircuit increased by 35% following the announcement of its listing on the Bithumb platform.