As a seasoned crypto investor with years of experience navigating the volatile digital asset market, I find this latest announcement from Bithumb intriguing. The listing of Neiro (NEIRO), Morpho (MORPHO), and Sundog (SUNDOG) on the second-largest South Korean exchange could potentially open up new opportunities for gains.
As a researcher, I’m excited to share that Bithumb, South Korea’s second-largest cryptocurrency exchange following Upbit, has just announced the launch of three new tokens: Neiro (NEIRO), Morpho (MORPHO), and Sundog (SUNDOG). Trading for these tokens will commence today, December 5, 2024. I’m eager to see how these new additions will shape the cryptocurrency market in South Korea and beyond.
As per the statement, trading periods are divided into three segments and will commence sequentially: NEIRO starts at 6:00 PM local time, followed by MORPHO at 6:30 PM, and SUNDOG at 7:00 PM. These assets can be traded against the paired South Korean won.
During the initial phase of trading, a set of guidelines has been established to maintain market orderliness. For the opening five minutes following token listing, purchasing orders won’t be accepted, while sell orders will only be permitted within a range: from 10% below to 100% above the starting price.
After the announcement of the listing, deposits for these tokens will become available three hours later. Traders can fund their accounts through both Ethereum and Tron networks.
Bithumb disclosed that these tokens underwent thorough examination prior to being endorsed for trading. Moreover, it’s anticipated that this listing will boost interest in these tokens, particularly considering Bithumb’s substantial user community in South Korea.
Immediately following the announcement, the values of NEIRO, MORPHO, and SUNDOG all rose significantly. Specifically, NEIRO went up by 5%, MORPHO saw a jump of 20%, and SUNDOG experienced an increase of 7%. In the past month, SUNDOG has been one of the top performers with a massive 90% surge, as per CoinMarketCap. Meanwhile, NEIRO and MORPHO have grown by 38% and 15% respectively over the same period.
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2024-12-05 21:08