SAFE Price Skyrockets 88% On Major Listing, More Gains Ahead?

Protected, the most important sensible account ecosystem on EVM, nabbed substantial investor consideration throughout the crypto trade on Thursday as its native coin’s SAFE worth rocketed almost 88%. The main S. Korean crypto trade Upbit listed the token, prompting market reactions from merchants and traders. In the meantime, crypto market individuals speculate whether or not the coin might maintain a bullish motion forward in mild of its current itemizing.

SAFE Secures Main Trade Backing Sparking Optimism Over Value

As per an official Upbit announcement dated October 24, the S. Korean crypto trade is itemizing SAFE in KRW, BTC, and USDT buying and selling pairs as we speak.

“Deposits and withdrawals by networks apart from the guided community aren’t supported,” the trade added. Purchase orders are restricted for roughly 5 minutes after the buying and selling help commences.

Additional, deposits and withdrawals are allowed solely by way of private pockets addresses the place the ‘affirmation of possession’ has been finished. Nonetheless, Upbit notified customers that when depositing massive sums of digital property from unknown sources, a name for the supply of funds could also be requested.

Coin Value Shoots Up 88%

However, the announcement by one of many main crypto exchanges has promptly fueled a optimistic impression on SAFE worth. The coin at the moment displays immensely bullish market sentiments, with on-chain stats additionally mirroring an uptrend.

At press time, SAFE worth surged by a staggering 88% from its 24-hour low and is buying and selling at $1.75. The crypto’s intraday high and low have been recorded as $0.9199 and $1.78, respectively. Even merchants reacted positively to the Upbit itemizing, as seen by a whopping 453% surge within the asset’s intraday buying and selling quantity.

Additional, Coingass knowledge indicated a outstanding 500% surge in SAFE futures OI to $7.62 million. Furthermore, the derivatives quantity upsurged 33% to $14.10 million. The information underscores an uptrend for the token as we speak, coupled with its phenomenal exercise in derivatives market.

Concurrently, it’s noteworthy that main crypto exchanges’ listings gas a bullish momentum for an asset’s worth. CoinGape media reported Simon’s Cat (CAT) worth to have shot up almost 40% with its futures itemizing on Binance just lately. Notably, the cat-themed token prolonged positive aspects to just about 77% thus far after the perpetual itemizing. This chronicle has additional hinted that SAFE worth might see additional positive aspects forward.

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