TUSD, LRC, & TenX Goes Green in Excitement of Major Exchanges’ Listing

Amidst the downward trend in the crypto market, a few of the cryptocurrencies are registering the gains either in anticipation or finally getting listed on big exchanges. 
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TUSD, LRC, & TenX Goes Green in Excitement of Major Exchanges’ Listing

Amidst the downward trend in the crypto market, a few of the cryptocurrencies are registering the gains either in anticipation or finally getting listed on big exchanges.

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Binance to list TUSD on May 18

Currently, the entire market is swimming in deep red with Bitcoin (BTC) down by 5.13 percent, Ethereum (ETH) 4.85 percent, and Ripple (XRP) 7.13 percent. Some cryptocurrencies are losing in double digits going down as far as 20 percent.

Despite the ongoing Consensus event, the crypto market is experiencing a big hit and continuing onto its bearish trend.

However, a few of the cryptocurrencies are seeing the flecks of green in elation of getting listed on major cryptocurrency exchanges.

First, we are going to talk about the upcoming listing of TrueUSD (TUSD) on Binance. One of the world’s top crypto exchanges, Binance will list TUSD on May 18, 2018. TUSD/BNB, TUSD/BTC, and TUSD/ETH will be the trading pairs made available, though “users can now start depositing TUSD in preparation for trading.”

TrueUSD is a stable cryptocurrency that is claimed to be 100 percent legally backed by the value of USD which means each TUSD is redeemable for $1 USD.

In anticipation of getting listed on such a huge exchange, TUSD is already registering gains of 3.82 percent and at the time of writing it is sitting at $1.04.

Also, read: Circle Racing to Launch US Dollar Backed StableCryptocurrency

Bithumb lists LRC, WAX, PAY, GTO, and POWR

A few other cryptocurrencies that are in the green as well are TenX (PAY) and Loopring (LRC) which have been listed on Bithumb.

Bithumb is the sixth largest cryptocurrency exchange in the world by trade volume as per the Coinmarketcap. Today, the exchange announced that it is listing five new coins viz. Loopring (LRC), WAX (WAX), TenX (PAY), Gifto (GTO), and Power Ledger (POWR),

Out of the five of these coins, TenX is currently at $1.50 while rising at a fast rate of 18.64 percent despite the bullish trend in the market. Loopring is also registering gains but at a much slower pace which is at $0.66 while taking a surge of 0.65 percent.

Whereas, other coins i.e. Power Ledger and Wax are currently at $0.46 and $0.28 with a loss of 5.25 percent and 5.8 percent respectively. However, Gifto is at $0.35 USD with a loss of 3.95 percent but is gaining in BTC and ETH trading pairs by 1.53 percent and 0.99 percent respectively.

Exchange listings, especially major ones like Binance have a history of spiking the prices of the cryptocurrencies. However, Bithumb listings have esulted in way more dramatic surges in the prices.

With the market currently riding the red wave, it is quite expected of the prices to not reach as high as they would in a green market.

What are your views on these crypto market rising with the listings? Share your thoughts with us!

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Stan Peterson

A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : stonehedge.miner@gmail.com

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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