Multiple Altcoin Listings Announced: Prices Surge Dramatically!

Diana Ember
By Diana Ember Add a Comment
3 Min Read

The cryptocurrency market is buzzing with activity following several new altcoin listings and trading features. Bithumb, South Korea’s second-largest crypto exchange, announced that it will list UXLINK and Solana Name Service (FIDA) for trading in the Korean Won (KRW) market. Meanwhile, global exchange OKX introduced perpetual futures and margin trading for POL, triggering significant price increases for the respective altcoins.

Bithumb’s announcement has sent ripples across the market. UXLINK and FIDA have now been added to the exchange’s Korean Won (KRW) trading pairs. UXLINK operates on the Arbitrum One network, while FIDA is supported on the Solana network. Deposits from other networks are not supported. Following this announcement, both altcoins experienced sharp price increases.

UXLINK surged by 33.29%, reaching $0.7164, while FIDA saw a rise of 28.05%, pushing its price to $0.3722. These jumps reflect the strong market response to Bithumb’s listings and the growing investor interest in these altcoins.

OKX Introduces New Trading Features for POL

After Bithumb’s move, OKX followed up with its own significant announcement. The exchange introduced USDT-margined perpetual futures and margin trading for the POL cryptocurrency, as well as the Simple Earn feature. These new trading options will be available starting on September 24, 2024.

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Multiple Altcoin Listings Announced: Prices Surge Dramatically! = The Bit Journal

According to OKX, margin trading for the POL/USDT pair will allow investors to take on more risk and potentially earn greater rewards. Meanwhile, Simple Earn offers users a passive way to earn interest on their cryptocurrency holdings. Additionally, OKX will temporarily cap funding fees at 0.03% for perpetual futures until 7:00 PM on September 24, 2024, after which they will return to the standard 1.50%.

Notable Listings: Notcoin, Phil, and Moonwell

Apart from the major announcements by Bithumb and OKX, other altcoins have also been listed across various platforms. Notcoin (NOT) was listed on LCX, while Phil (PHIL) began trading on BitMart against USDT. Moonwell (WELL) was also listed on Coinbase, drawing significant attention from investors. These listings are expected to boost liquidity and may lead to price increases for the respective tokens.

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Disclaimer

The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.

You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.

Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.

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The thesis I wrote in my last year of university was on future currencies, but it was a very new field for me as the blockchain and crypto world were not that mature yet. Today, I find myself writing on these topics in various news channels, and I can say that I have fulfilled my dreams of university.I’ve written for a wide range of industries, some of which include: Real Estate FinTech Finance Blockchain & CryptocurrencyI'm a visual journalist at heart, I love to try and solve difficult problems, don’t like immutable events. Moreover, brainstorming and team working are my most loved things.With my background as a finance journalist and copywriter for businesses, I can create content for you that gets results. As online finance journalist, I helped increase the digital news channels’ online traffic by hundreds of thousands of page views per month. And as a freelance content marketer, I've helped businesses increase their website traffic, email engagement, and lead generation.
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