Recently, as the market picks up, the wealth effect of new currencies on Upbit, South Korea's largest exchange, has become more obvious. Tokens such as AGLD, DRIFT, SAFE, and PEPE have increased by 100% or even more than 150% in a short period of time. The money-making opportunities behind this cannot be ignored. You may also want to know how to catch these wealth waves? The answer may be hidden in the UDC conference!
What is the UDC Conference?
UDC (Upbit Developer Conference) is a representative blockchain conference in South Korea hosted by Dunamu, the parent company of Upbit. It has been successfully held for seven sessions. Every year, the conference brings together a large number of excellent blockchain projects and attracts the attention of global investors. The themes of the conference cover various aspects such as blockchain technology, finance, policy, and culture, aiming to promote the comprehensive development of the blockchain industry.
Since 2018, the UDC conference has achieved a 76% success rate in listing tokens. In other words, many projects that debuted at the conference eventually successfully entered the Upbit exchange, bringing considerable gains and investment returns.
The wealth effect of new coins listed on Upbit
As the largest exchange in South Korea, Upbit has a market share of 73%. The biggest highlight is that Korean investors can directly purchase cryptocurrencies with Korean won (KRW), which greatly reduces the threshold for entering the market and also makes new tokens on Upbit often accompanied by strong buying.
After the currency is listed, the currency will often experience a surge, becoming a "wealth effect" for investors. For example, tokens such as ZRO, MNT and STG that participated in the UDC conference last year all experienced significant increases after the subsequent Upbit listing. Therefore, projects participating in the UDC conference often mean that their upside potential is very high.
2024 UDC Conference: Which projects are worth paying attention to?
The 2024 UDC conference has come to a successful conclusion. Here are some of the key projects at the conference:
Already listed on Upbit:
Projects such as Axelar, Taiko, Zetachain, Mantle, Cyber, etc. have been listed on Upbit, marking their market recognition.
Unlisted KRW trading pairs:
Although projects such as SLP, HNT, GALA, NFT, ROSE, etc. have not yet launched Korean won trading pairs, their potential cannot be underestimated.
BTC trading pairs are available, but KRW trading pairs are not available:
Projects such as MKR, YGG, and IOTX have currently launched BTC trading pairs on Upbit, and there is a great chance that they will launch Korean won trading pairs in the future.
Projects that have not yet issued tokens but have participated in UDC:
Linea and Magic Eden are also participating in this year's conference, and the developments of these projects will be worth keeping a close eye on.
Compliance and AI: Future Trends
The themes of the 2024 UDC conference revolved around "Compliance" and "AI", demonstrating the future potential of these directions in the blockchain industry. For example, Oasis Network (ROSE)'s AI narrative helped it usher in a wave of gains on November 5, showing the market's strong interest in compliance and technology-driven projects.
In particular, the Korean market's attention to NFT and games continues to increase, and Magic Eden's tokens may also appear on Upbit's list in the future, which is worth looking forward to.
The mystery behind new coins listed on Upbit
In addition to the forward-looking effect of the UDC conference, another major Korean exchange, **Bithumb**, is also closely related to Upbit's listing process. The two major exchanges usually list coins in a concentrated manner during certain periods. For example, at the beginning of the year, multiple AI tokens were listed, while Memecoin is currently being launched. This coin listing rhythm also reflects the hot direction of the market.
It should be noted that Korean exchanges usually do not choose projects with too small market capitalization and too short a time, but prefer older coins with larger market capitalization and relatively stable prices, which means that they tend to choose projects that have been washed out for a period of time. In other words, if you want to seize the opportunity brought by Upbit listing, it may be more reliable to pay attention to these older coins that have been verified by the market.
New tokens on Upbit not only rely on the overall recovery of the market, but are also closely related to the forward-looking nature of the UDC conference and the hot trends in the crypto market. By tracking the participating projects of these conferences, you can capture potential wealth opportunities in advance. At the same time, the market's interest in compliance and AI fields is also constantly driving the rapid development of related projects.
If you also want to gain wealth in the wave of new coins on Upbit, be sure to pay attention to the UDC conference, the hot spots of the Korean market, and the circulation of tokens, and be prepared for forward-looking investments.
