Upbit and Bithumb, two of South Korea’s largest cryptocurrency exchanges, have recently announced the listing of four new altcoins, sparking renewed interest in the market. Upbit’s addition of the ZORA token has already resulted in a notable price surge, while Bithumb introduced three new tokens: Infinit (IN), Doodles (DOOD), and YieldBasis (YB). These listings have positively influenced the prices of all included tokens, attracting attention from traders and investors alike.
### Upbit Lists ZORA Token
Upbit officially listed ZORA, a token from the creator-focused platform, marking a significant milestone for the asset. Trading began at 13:30 KST, allowing users to trade ZORA against KRW, BTC, and USDT on the Base network. To ensure smooth trading during the initial phase, the exchange implemented temporary restrictions such as limited buy orders and low-priced sell orders.
Despite these measures, ZORA’s price surged by 17%, jumping from approximately $0.094 to $0.11 shortly after the listing announcement. This increase highlights the growing popularity of ZORA, especially following recent developments within its ecosystem.
The platform has seen substantial growth, notably with the introduction of creator coins on the Base network and the launch of the Believe Fund. This fund plans to allocate 20 million ZORA tokens to support creators, fostering a sustainable creator economy.
However, investors should be aware of the upcoming token unlock scheduled for October 30, which will release 166.67 million ZORA tokens. This event could cause short-term volatility due to changes in supply and demand.
### Bithumb Lists Infinit, Doodles, and YieldBasis
Bithumb has expanded its altcoin offerings by listing three new tokens: Infinit (IN), Doodles (DOOD), and YieldBasis (YB). Trading for IN and DOOD started at 4:00 PM KST, followed by YB launching at 5:00 PM KST.
Following the announcement, these tokens experienced immediate positive price movements—Infinit rose by 6.78%, while Doodles and YieldBasis increased by 8.37% and 8.41%, respectively.
Each of these tokens brings unique value to the crypto space:
– **Infinit (IN)** aims to innovate within decentralized finance (DeFi).
– **Doodles (DOOD)** offers a creative approach to the NFT market.
– **YieldBasis (YB)** focuses on yield optimization strategies.
Bithumb’s inclusion of these assets provides traders with more options to diversify their portfolios.
### Market Reaction and Trading Patterns
The listing of these tokens on major exchanges like Upbit and Bithumb highlights a growing enthusiasm around emerging altcoins. ZORA’s immediate price jump signifies its rising popularity, fueled by ecosystem growth and financial support initiatives like the Believe Fund.
Similarly, the moderate yet encouraging price increases in IN, DOOD, and YB indicate positive trader sentiment towards Bithumb’s new offerings. Such listings typically bring increased trading volume and heightened market interest, particularly when they coincide with platform expansions or innovative project features.
As trading stabilizes, these altcoins are expected to continue drawing investor attention in the coming days.
### Potential Volatility and Future Outlook
While initial market responses have been largely positive, some volatility may be expected going forward. For ZORA, the large token unlock on October 30 could impact price dynamics, potentially leading to fluctuations as the market adjusts to the increased circulating supply.
Likewise, as traders become more familiar with Infinit, Doodles, and YieldBasis, price adjustments might occur based on evolving market behavior and project developments.
Currently, all four tokens have exhibited resilience and show potential for further price movements. Investors and traders will closely monitor these assets as new information emerges and trading activity settles.
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Stay tuned for updates on these tokens and their respective ecosystems as they continue to evolve within the dynamic cryptocurrency landscape.
https://coincentral.com/upbit-and-bithumb-list-four-new-altcoins-including-zora-and-yieldbasis/