Following the Bithumb exchange’s listing, the prices of PEAQ and VANA experienced a 35% increase and a 10% increase, respectively.
Bithumb, one of South Korea’s most prominent cryptocurrency exchanges, announced its intention to list PEAQ, which resulted in a 35% increase in price and a 10% increase in VANA. The listing has increased market confidence in both tokens, with the Peaq token approaching its all-time high and VANA demonstrating consistent gains. These price fluctuations indicate the increasing interest in the distinctive features of these tokens as investors prepare for a plethora of trading opportunities.
The prices of PEAQ and VANA have experienced a significant increase following their listing on Bithumb
Bithumb, the second-largest cryptocurrency exchange in South Korea, announced on January 2 that it will include Vana network tokens and PEAQ. Users can trade both tokens directly against the Korean Won, as they will be available in the KRW pairs.
The base price of PEAQ was established at 853 KRW, while VANA was introduced on the exchange at 23,730 KRW. The listing announcement specified that trading would commence at 4 PM KST, and deposits for both coins would begin within three hours of the notice. Bithumb stated that deposits made through non-native networks would not be supported to guarantee seamless processing.
Furthermore, Bithumb prioritized transaction restrictions to protect the user experience during the initial trading period. Buying orders were restricted by the exchange for the initial five minutes. Additionally, the platform restricted sell orders to a range of -10% to +100% of the standard price. After concluding their initial transaction, traders were permitted to implement automatic trading.
Market Context and Price Performance
The price of PEAQ increased by 35% to $0.715, which is on the cusp of its all-time high. It reached a low of $0.522 and a high of $0.72 within 24 hours. It has a market capitalization of $463 million and a trading volume of $55.56 million. The token powers the core DePIN functions, including governance, transaction fees, and staking.
The average PEAQ price prediction for 2025 is $1.49, according to DigitalCoinPrice. It may reach approximately $3.67 by 2030. This token, L1, is not currently listed on Binance or any other prominent exchange. Analysts think that future listings may result in exponential price increases as accessibility increases.
Vana Network, a Layer 1 blockchain concentrating on decentralized data networks, encourages contributions to DataDAO and empowers data ownership through governance rights and token rewards. Its price increased by 10% to $17.62, with a 24-hour low of $15.41 and a high of $17.83. The network has a trading volume of $169 million and a market capitalization of $528 million. According to price projections, Vana Network could reach $34 by 2025 and approximately $85 by 2030.
Additionally, the price of DeBridge (DBR) recently reached an all-time high, a 30% increase following its listing on Bithumb. A pump-and-dump is typically observed in cryptocurrency pairs listed in KRW. Additionally, it underscores the substantial influence of the most prominent cryptocurrency exchanges on investors. Nevertheless, analysts anticipate that the value of these tokens will increase due to their increasing utility and growing adoption, thereby solidifying their market positions.
