The last listing announcement raised Zircuit (ZRC) by 35%. Find out why the rally happened and how it could affect traders.
Bithumb, a prominent cryptocurrency exchange in South Korea, has included Zircuit (ZRC) in its platform. There was a 35% increase in Zircuit’s price after the announcement, which was indicative of the substantial interest of investors. The listing has also substantially increased trading volume, underscoring the increasing interest in this Layer 2 network that boasts innovative features and robust security protocols.
After Bithumb’s listing announcement, Zircuit’s price experienced a surge
The registration of Zircuit on Bithumb was announced on January 13. Deposits and withdrawals will commence within two hours of the announcement, and the token will be accessible for trading in the KRW pairs. The trading session is scheduled to begin at 4:00 PM on January 13, with a base price of 98.79 won.
The Zircuit price has increased by 35% due to this significant listing, indicative of the robust market enthusiasm. Zircuit is a Layer 2 network that is rapidly expanding, with a total value locked (TVL) of $2 billion. It integrates sophisticated features such as AI-enabled sequencer-level security and robust on-chain performance.
Arthur Hayes, a prominent character in the crypto community and co-founder of BitMEX, frequently provides predictions and insights into the cryptocurrency markets. The ZRC listing, a significant event, was mentioned in his post and could impact market dynamics.
The exchange’s decision to list ZRC is a testament to its confidence in Zircuit’s ecosystem and potential. This listing has the potential to accelerate adoption and solidify Zircuit’s status as a leader in the blockchain industry by increasing accessibility for global investors.
ZRC Airdrop Event after Listing Announcement
Bithumb has initiated a thrilling airdrop event to commemorate the inclusion of ZRC KRW pairings following the announcement of Zircuit’s listing. The event encourages users to trade the token for two consecutive days and provides them with a portion of 7,500,000 ZRC.
Instructions for Participating in the Airdrop Event
Users must trade the token for two consecutive days between January 13 and January 14 to participate. The rewards will be distributed on February 4, with all eligible members receiving an equal share of the 7,500,000 tokens. For example, each participant will receive 750 ZRC (approximately 74,000 won, given the standard price) if 10,000 participants participate.
Additional Information Regarding the Event
Users can participate regardless of whether they have participated in other Bithumb events. Nevertheless, participants who engage in dubious activities, such as price manipulation, will be excluded. The event’s parameters are subject to change at Bithumb’s discretion and only verified consumers are eligible.
Bithumb’s Trading Rules and Regulations
To prevent significant price fluctuations, Bithumb has established stringent regulations to guarantee a secure trading environment for Zircuit. Buying orders is prohibited for the initial five minutes of trading. Furthermore, the exchange limits the number of selling orders during the same period, thereby preventing prices from declining by more than 10% or increasing above 100% of the standard price.
Additionally, the exchange will exclusively support ZRC deposits and withdrawals through officially recognized networks. Users should exercise caution when transferring assets, as deposits made through unsupported networks will not be processed. These measures aim to preserve market stability and establish a secure trading environment during ZRC’s initial trading phase.
ZRC Price Action
The price of ZRC increased by 35% following the announcement of its listing, and it is currently trading at $0.0763. The token’s 24-hour low and high are $0.06595 and $0.08067, respectively. ZRC’s market capitalization is $113 million at the time of this writing, and its trading volume has increased by 51% to $44 million.
Prices are elevated by listings on significant exchanges. They expand the coin’s accessibility to more merchants and investors. Market activity is stimulated by the increased liquidity and exposure, which in turn generates additional interest. The price increase of Zircuit is comparable to that of Filecoin, which experienced a 12% increase following the announcement of its listing on Bithumb.
