DeBridge (DBR) Price Hits ATH After 30% Jump on Major Listing
Highlights
- DeBridge (DBR) hit an ATH after a 30% surge due to listing by South Korea exchange Bithumb.
- Solana-based DBR token is now available for trading, boosting investors' interest.
- DBR's market cap reached $49M, with $46M in 24-hour trading volume.
South Korean crypto exchange Bithumb has listed DeBridge (DBR) sparking a 30% price surge and pushing the token to an all-time high. The Solana-based cross-chain bridge platform is gaining traction for its innovative solutions in DeFi, offering seamless asset transfers and staking capabilities.
With strong trading volume and growing investor interest, the DBR token is emerging as a key player in decentralized finance, further solidifying its market presence after this major listing.
Bithumb Announces DeBridge Token Listing
Bithumb announced the listing of DeBridge on December 20, adding the Solana-based token to its growing portfolio. The DBR token is now available on the KRW pair, with trading beginning at 6:00 PM KST. Deposits and withdrawals opened shortly after the announcement, supporting only the Solana network.
DeBridge, a cross-chain bridge platform, enables real-time asset and information transfers across the DeFi environment, offering tight spreads, abundant liquidity, and guaranteed interest rates. Its utility token is essential for staking and governance within the network. Bithumb’s listing follows the exchange’s strict protocols. These include restricting buy and sell orders during the initial trading phase to ensure market stability.
This strategic listing aligns with the growing demand for cross-chain DeFi solutions. It underscores the potential of DeBridge’s technology to address liquidity challenges in decentralized finance ecosystem. With an increasing focus on interoperability, this development positions DBR to lead innovation in blockchain networks.
Price Performance: ATH and Market Momentum
Following the listing, DeBridge price surged to an all-time high of $0.04702 before stabilizing at $0.04191. In the past 24 hours, DBR price is trading within the $0.03119 and $0.04702 range. The market cap has reached $49 million, with $46 million in trading volume.
Similarly, Moca Coin (MOCA) saw a 370% surge after listing on Bithumb exchange. Crypto listed in KRW pairs usually witnessed a pump-and-dump. However, analysts expect DBR’s utility in DeFi and growing adoption to drive its value higher, solidifying its market position.
- Bitcoin Should Be At $148,000 To Match With Gold Rally, Says Peter Schiff
- Dogecoin Gets Major Upgrade With Cardinals Index Node Launch, Analyst Predicts 37x Rally
- Coinbase Announces DoubleZero (2Z) Listing Following the US SEC’s No-Action
- Grayscale Staking Ethereum ETF Debuts By Locking 32,000 ETH But Inflows Disappoint
- Pi Network Loses $18B Value in Six Months as Expert Warn of “Rug Pull” Risk
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX
- Bitcoin Price Prediction as Exchange Reserves Hit 6-Year Low—Is $150K Within Reach?
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
