Upbit Listing Pushes Onyxcoin (XCN) to Highest Level in 3 Months
Onyxcoin (XCN) climbed to a 3-month high after South Korean alternate Upbit confirmed it’s going to record the token immediately.
The altcoin noticed a notable value surge after the announcement, reaching an intraday peak of $0.0086, its strongest degree since mid-January.
Onyxcoin (XCN) Price Jumps to January Highs Ahead of Upbit Debut
At press time, XCN was buying and selling at $0.0077, up 64.48% for the reason that 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 every day buying and selling quantity additionally jumped 629% to attain $37 million. South Korea’s second-largest crypto alternate accounted 25.45% of the overall quantity. Historically, Upbit listings (*3*) short-term value reactions in newly listed altcoins.
Meanwhile, the alternate revealed that XCN buying and selling will begin at 16:00 Korean Standard Time (KST). The altcoin will probably be obtainable to commerce towards two pairs: the Korean Won (KRW) and Tether (USDT).
“Please make certain to confirm the community earlier than depositing digital property. Deposits and withdrawals by means of networks apart from the one specified usually are not supported,” the notice learn.
The alternate additionally famous that it’ll apply short-term trading restrictions. For the primary 5 minutes after buying and selling opens, merchants won’t be able to place purchase orders, and promote orders priced greater than 10% beneath yesterday’s closing worth will probably be blocked.
Additionally, the alternate will allow solely restrict orders for roughly two hours after buying and selling help begins. The momentary measures are meant to cut back volatility and guarantee a good, managed begin to XCN buying and selling.
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The submit Upbit Listing Pushes Onyxcoin (XCN) to Highest Level in 3 Months appeared first on BeInCrypto.
