MEXCNEIRO, MORPHO and SUNDOG Score Major Exchange Listing, Will Prices Rally?
Highlights
- Bithumb lists NEIRO, MORPHO, and SUNDOG in KRW trading pairs.
- Trading fo these crypto opens on December 5, 2024, with restrictions to ensure a safe trading environment.
- NEIRO, MORPHO, and SUNDOG wintessing sudden spike prices.
Bithumb, South Korea’s second-largest crypto exchange, has listed Neiro, Morpho, and SUNDOG in Korean won trading pairs. Trading begins on Thursday at separate intervals, with initial restrictions to ensure market stability and safe transactions.
The announcement has sparked excitement, with NEIRO up 5% today. MORPHO saw an 20% daily surge and SUNDOG gained 7%, highlighting massive buying sentiment.
Bithumb Announces NEIRO, MORPHO, and SUNDOG Listing
Bithumb notified the listing of NEIRO, MORPHO, and SUNDOG in its Korean won market. According to the official statement, trading will begin on December 5, starting with NEIRO at 6:00 PM, MORPHO at 6:30 PM, and SUNDOG at 7:00 PM local time.
Strict safety measures will stabilize trading during the initial phase. For the first five minutes, buying orders are restricted. Selling prices must remain between -10% and +100% of the base price. NEIRO starts at 2.434 Korean won, while MORPHO and SUNDOG are priced at 2.319 and 245 KRW, respectively.
The exchange asserts the tokens underwent thorough evaluations to meet operational standards. Traders can deposit using Ethereum and Tron networks, adhering to platform-specific guidelines. This move highlights the growing demand for these crypto assets amid massive trading volume in South Korea.
Market Reaction and Price Performance
The Bithumb listing has positively impacted NEIRO, MORPHO, and SUNDOG prices. NEIRO price was trading at $0.00180, marking a 5% daily rise and a 30% monthly surge. The token’s 24-hour low and high range between $0.001642 and $0.001812, showing steady demand.
MORPHO price saw a sharp 20% jump, trading at $1.713, with a market cap of $236 million and a trading volume of $156 million in the past 24 hours. Its weekly performance has been impressive, rising 20% as interest from traders spikes.
SUNDOG price also experienced a 2% increase, currently trading at $0.1909, with a 24-hour high of $0.1991. Its market cap stands at $189 million with a trading volume of $161 million. The trend reflects the broader impact of listings on major exchanges, often acting as catalysts for price rallies.
Bithumb’s move follows similar price surges seen after the listings of Biconomy and Puffer. With increased accessibility amid demand from traders and investors, the coins are well-positioned for further growth.
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