July 11, 2024 started with an active day in cryptocurrency exchanges. The listing news of many new altcoin projects and the resulting price increases attracted the attention of investors. In this article, we will examine these listings and their overall impact on the market in detail.
Galxe (GAL) listed on Upbit and PolyMesh (POLYX) listed on Bithumb, altcoin prices rise
South Korean cryptocurrency exchanges played a leading role in this wave of excitement. Upbit has breathed new life into the altcoin market by listing Galxe (GAL) on the KRW trading pairs. This listing enabled GAL to become one of the first altcoins to be traded on Upbit and generated a lot of interest among investors. GAL price rose up to 30% following the listing news. This rise can be interpreted as an indicator of confidence in GAL’s potential.
Bithumb, which followed Upbit, did not remain idle either. Bithumb announced that it has listed PolyMesh (POLYX) on the KRW trading pairs. POLYX is an altcoin project that has become increasingly popular lately. This listing will significantly expand POLYX’s reach in the South Korean market and make the project known to more investors. POLYX price also reacted to this listing news with a 12% increase.
What are the other listings?
Besides Upbit and Bithumb’s listings, many major exchanges also listed new altcoins on July 11. These listings include:
- ElvishMagic (EMAGIC) was listed on the BingX exchange with the EMAGIC/USDT parity.
- HIPPOP (HIP) was listed on the BingX exchange with the HIP/USDT parity.
- Evernode (EVR) was listed on the MEXC exchange with EVR/USDT parity.
- LinqAI (LNQ) was listed on the BingX exchange with the LNQ/USDT parity.
- Mocaverse (MOCA) was listed on the Bitget exchange with the MOCA/USDT parity.
- RUNES•X•BITCOIN (✖) was listed on the XT.com exchange with X/USDT parity.
- cat in a dogs world (MEW) was listed on the Coinstore exchange.
What is the significance of the developments?
These listings have allowed new and exciting projects to join the altcoin market. These projects focus on different sectors and usage areas and add diversity to the cryptocurrency ecosystem. Listing news on July 11 contributed to an overall uptrend in the altcoin market. Although the price increases in GAL and POLYX are the most obvious indicators of this, other altcoins also got their share of this excitement.
However, as Kriptokoin.com always reports, it is important for investors to be careful and always do their research while being affected by these listings and general market trends. The cryptocurrency market can be quite volatile and sudden price fluctuations are always possible. Investors should make informed decisions by considering risks and acting in accordance with their investment strategies.
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