Coinspeaker BounceBit and SKALE Skyrocketing after Bithumb Announces Listing
Bithumb, a prominent digital asset trading platform ranked second in South Korea, has announced the listing of the Korean won trading pairs of digital asset projects BounceBit BB $0.39 24h volatility: 22.6% Market cap: $160.39 M Vol. 24h: $145.44 M and SKALE SKL $0.0695 24h volatility: 23.8% Market cap: $349.71 M Vol. 24h: $137.19 M . This resulted in these cryptocurrencies printing significant gains in the past 24 hours amid a stagnant market.
According to the announcement, Bithumb will list the Korean won trading pairs of BB and SKL on November 27 at around 20:00 local time. Investors will have increased exposure to these altcoins, which is evident from the surge in the trading volume of these tokens in the past 24 hours. It is important to note that the holders of these tokens can transfer their assets, but only via the BounceBit and SKALE blockchain networks.
Notably, buy orders are limited to five minutes after the trading of these altcoins goes live. Sell orders will also be limited to 5% after the start of the trading session. Interestingly, Bithumb has increasingly focused on bringing altcoin exposure to its customers. In June 2024, it announced the listing of Ethereum (ETH) Layer 2 protocol Taiko TAIKO $1.81 24h volatility: 4.2% Market cap: $147.65 M Vol. 24h: $37.11 M and Popular Meme Coin Brett BRETT $0.16 24h volatility: 5.7% Market cap: $1.63 B Vol. 24h: $108.89 M . The trading platform also listed Internet Computer ICP $11.24 24h volatility: 1.5% Market cap: $5.33 B Vol. 24h: $295.67 M earlier this year in June.
Meanwhile, Bithumb’s rival Upbit also shifted focus to altcoins, debuting the trading of Drift DRIFT $1.28 24h volatility: 3.1% Market cap: $332.13 M Vol. 24h: $71.30 M , Safe SAFE $1.09 24h volatility: 4.1% Market cap: $546.58 M Vol. 24h: $25.80 M , and Uniswap UNI $11.84 24h volatility: 9.3% Market cap: $7.08 B Vol. 24h: $849.88 M earlier this year. With a massive volume of $8.94 billion in the past 24 hours, Upbit stands as the fifth-largest cryptocurrency exchange, while Bithumb ranks 18th with a volume of $2.1 billion in the same time period. The two continue to compete for dominance in the digital asset space in South Korea, alongside Gopax, Coinone, Korbit, Binance, and Huobi.
BounceBit and SKALE Price Surge
BounceBit and SKALE have printed massive gains in the past day, with BB skyrocketing 19.04% and SKL rising 9.70%. Further, the two have respective market caps of $183.96 million and $349.58 million. SKL’s trading volume rose 55.17% to $90.15 million in the past 24 hours, while BB’s trading volume stands at $161.79 million, after a 124% surge.
At the time of writing, SKL is trading at $0.06318, up 33.15% in the past week and 78.64% in the last month. Further, the digital asset has skyrocketed 40.60% since November 2023 but is still down a whopping 94.85% from its all-time high of $1.22, witnessed in March 2021.
On the other hand, BB is priced at $0.3872, surging 31.66% in the past week and 39.33% in the last 30 days. Moreover, the cryptocurrency has risen 33.39% since November 2023.
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BounceBit and SKALE Skyrocketing after Bithumb Announces Listing
