The cryptocurrency market has started a bull run. While the leading crypto Bitcoin is breaking record after record, excitement is increasing in the altcoin market. List news is now sending tokens to the moon again. Upbit, South Korea’s leading cryptocurrency exchange, announced that it will add a Solana-based token to its list. With the effect of this development, the altcoin price made a strong, vertical exit.
Upbit announced that it will add it to its list, altcoin price flew!
As you follow from Kriptokoin.com, Donald Trump’s victory had a doping effect on the crypto market. In the midst of this positive atmosphere, stock exchange lists continue to come. Upbit, South Korea’s largest crypto exchange, announced that it will add Solana-based Drift (DRIFT) to its list. The exchange stated that the listing will take place today in the Innovation Zone. It also noted that it will open Drift for trading in KRW, BTC and USDT pairs. In this context, the exchange made the following announcement for the altcoin list:
New Digital Asset DRIFT Trade Support Announcement:
- Supported markets: KRW, BTC, USDT markets.
- When trading support will be available: 08.11.2024 at 18:00.
Following this development, the altcoin price experienced a vertical rise. DRIFT price jumped from $0.51 to $0.9517 during the day. The token’s flight continues during the writing. DRIFT was trading at $0.9506 at the time of writing, up over 96% on a daily basis. Meanwhile, the token’s trading volume increased by a phenomenal 191 per cent. This reflects the intense interest of investors and traders in the altcoin project.
Bitcoin hits another ATH, Ethereum soars!
The momentum in the crypto market continues after Wednesday’s US election results. Total capitalisation rose to a five-month high of $2.67 trillion. Bitcoin hit an all-time high of $76,872 in late trading on 7 November as the Fed cut interest rates by another 0.25%, according to CoinGecko. This brought its total gain in the last 30 days to almost 22%.
The leading altcoin Ethereum finally got in on the action as well. Thus, it reached an intraday high of $2,950 in early Asian trading on Friday morning. The asset, which has recently been plagued by FUD, has gained an impressive 15 per cent in the past week. Most altcoins are cooling off after recent rallies. However, Solana (SOL) and Cardano (ADA) lead them with daily gains of 5% and 14%, respectively.
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