The cryptocurrency market continues to display its ever-changing dynamics, with new listings and sudden price movements. On October 24, 2024, South Korea’s leading crypto exchange, Upbit, made headlines by listing the altcoin Safe (SAFE). This listing immediately caught the attention of investors, causing a significant spike in SAFE’s value. Meanwhile, other altcoins like PUFFY Coin, DOGEGOV, and LIT also received listing news, further fueling the market’s excitement.
Upbit Adds Safe (SAFE)
On October 24, Upbit announced on its official website the listing of SAFE, offering investors a new trading opportunity. As of 9:30 AM (Turkey time), SAFE was available for trading on Upbit, with deposits only supported through the Ethereum network. Upbit also warned investors not to make transfers through other networks, as these would not be accepted. SAFE began trading against Tether (USDT), South Korean Won (KRW), and Bitcoin (BTC) pairs, giving traders a variety of options.
According to CoinGecko data, after Upbit’s announcement, SAFE’s price surged by 97%, rising from $0.94 to $1.83 within minutes. However, the coin later pulled back slightly and was trading at $1.67 at the time of writing. These sharp price fluctuations presented both opportunities and risks for investors, highlighting the volatile nature of the crypto market.
PUFFY Coin and Other Altcoins See Listing News
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It wasn’t just Upbit that made waves on October 24. Several other exchanges also announced new altcoin listings, providing investors with fresh trading pairs and opportunities. For instance, BitMart listed the Department Of Government Efficiency (DOGEGOV) token in the DOGEGOV/USDT trading pair, starting at 4:00 PM. This listing created a buzz among traders eager to capitalize on new opportunities.
Additionally, INDODAX listed RSS3 (RSS3), Litentry (LIT), and Zignaly (ZIG) in IDR trading pairs, offering new investment options to crypto enthusiasts. On the same day, OKCoinJapan listed IoTeX (IOTX), adding some fresh activity to the Japanese crypto market. Meanwhile, HashKey added tokens such as Neiro, Turbo, and People, allowing traders to interact with these new assets. Lastly, BTSE listed the Kitten Haimer (KHAI) token in the KHAI/USDT trading pair.
MEXC Global Lists Puffy (PUFFY) Coin
Another notable development on October 24 was MEXC Global’s decision to list PUFFY Coin. Known as a meme coin, PUFFY gained attention for its lighthearted appeal. The listing of PUFFY in the PUFFY/USDT pair occurred at 3:00 PM, allowing users to trade this popular token.
The Impact of Crypto Listings on Prices
New cryptocurrency listings often present both risks and rewards for investors. The Upbit listing of SAFE led to a massive price surge, while other exchanges introduced fresh altcoins that caught the attention of traders. The October 24, 2024 listings demonstrate once again how dynamic the crypto market can be. However, investors should remain cautious and develop strategies to navigate the rapid price fluctuations that often follow such announcements.
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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.
