South Korean cryptocurrency exchange Bithumb has just added Zircuit’s native token ZRC to its trading platform, leading to a spike in trading activity and excitement among investors. Notably, the price of ZRC jumped by 18% to $0.079 shortly following the announcement, while the 24-hour trading volume experienced an impressive 180% increase, now standing at approximately $76 million, demonstrating the heightened interest in this newly listed token.
Arthur Hayes, a co-founder of BitMEX, announced the listing of asset X on his platform, using the caption “Zoom zoom”, which further heightened anticipation for Zircuit’s market debut.
Starting at 4:00 PM local time on Monday, trading for ZRC against KRW pairs commenced, with an initial rate of 98.79 Korean Won. Within just two hours following the announcement, depositing and withdrawing became available options.
Bithumb implemented tough safeguards to limit excessive price changes during the initial trading period of ZRC. For the opening five minutes of trading, they imposed restrictions on both buying and selling orders to prevent prices from falling by over 10% or rising above 100% of the standard rate.
In my research, I’ve found that transactions involving ZRC, specifically deposits and withdrawals, can only be facilitated through officially endorsed networks.
Zircuit, also known as ZRC, is a Layer 2 AI-integrated network that focuses on improving the security and performance of decentralized apps (dApps) by employing zero-knowledge proofs and artificial intelligence for security purposes. This network can effortlessly accommodate dApps due to its compatibility with the Ethereum Virtual Machine (EVM). This means developers don’t need to learn new programming skills when deploying their dApps on this platform. According to DeFiLlama, the current value locked within this network exceeds $700 million.
Beginning in November 2024, the ZRC token has attracted significant interest, with a market capitalization of $105 million. Remarkably, it has managed to keep its market cap and value steady even during the market downturn that started in the latter part of December.
Celebratory Zircuit Token Airdrop
In honor of ZRC’s listing, Bithumb has initiated an airdrop promotion, giving users the opportunity to claim a portion of 7,500,000 ZRC coins. This event spans over two consecutive days and rewards users who actively trade ZRC during this timeframe.
On the other hand, Bithumb has strongly cautioned against any deceptive actions. Those participating in questionable tactics, like market manipulation, risk being disqualified from receiving the airdrop.
Currently, ZRC is approximately priced at $0.07, representing a 5% increase over the last 24 hours, even after experiencing a slight dip. Given its strong market debut and Bithumb’s active strategies, experts predict that Zircuit will strengthen its presence in the Decentralized Finance (DeFi) landscape.
Read More
- ZK PREDICTION. ZK cryptocurrency
- XDC PREDICTION. XDC cryptocurrency
- W PREDICTION. W cryptocurrency
- Here’s Why Adin Ross Deleted His 100K Member Community on X
- ARB PREDICTION. ARB cryptocurrency
- XRD PREDICTION. XRD cryptocurrency
- What’s on TV tonight, Dec. 15, 2024? (ABC, CBS, NBC, FOX, The CW)
- Who Is Kelly Reilly’s Husband? Kyle Baugher’s Job & Relationship History
- Destiny 2 leak reveals rewards and unique bosses for upcoming Revenant Act 3
- Ethereum Price Maintains Strength at $3,250: Upside Ahead?
2025-01-13 16:12