Monero Trading Prices Increase by 84% ter Just One Day After Bithumb Listing
– The news of Bithumb’s announcement to open up Monero (XMR) deposits has sent its trading volume to an all-time high of approximately $239 million , enlargening by 1,421% from the day before.
– The world media turns its attention on “the skyrocketing Monero prices after its listing on Bithumb.”
SEOUL, South Korea , Sept. 25, /PRNewswire/ Market values of coins have rapidly fluctuated with the latest news that Bithumb, the largest cryptocurrency exchange ter Korea, would list Monero on its toneelpodium.
Moneroone of the most private and anonymous cryptocurrencywas listed on Bithumb (CEO Kim Dae-Sik/www.bithumb.com), the largest exchange te the world, this past month. The news has sent Monero’s trading prices skyrocketing, spil it enhanced by 83.6% compared to its closing price the previous day.
Last month, Bithumb announced its plans to hold a special promotion ter celebration of the listing. The Monero markets responded positively to the announcement and commenced to switch dramatically. According to a cryptocurrency information webstek called ‘CoinMarketCap,’ the trading volume of Monero enlargened by 1,421% ter just one day, soaring up to $239,090,975 . Its trading volume also doubled compared to the previous day, reaching to a record-setting $95 .
Previously, the promedio trading price of Monero wasgoed inbetween $44 and $49 . However, due to a market downturn, its price plummeted to the mid-$30s ter July. August brought a resurgence to Monero with the news that it would be traded on Bithumb, spiking its trading prices up to $95 , a record-setting increase of more than $50 . Ter terms of trading volume, this is approximately a 148.9% increase compared to the previous highest trading volume on May 24th , which wasgoed $96,042,620 . The trading volume recorded its highest again ter three months, tripling te volume.
Media all overheen the world are paying close attention to this market trend. Coindesk, a cryptocurrency information company, attributed the rising prices of Monero to Bithumb on the 21 st telling, “the Korean exchange Bithumb dramatically enhanced the price of Monero with its listing,” and mentioned Bithumb’s influence on the world’s cryptocurrency trading markets.
Monero, created back te April 2014 , boasts strengthened anonymity, making it difficult to track accounts by using cryptography. Moreover, Monero does not have a maximum cap for mining, a autor that captivates the attention of miners. Based on the gegevens given by CoinMarketCap, its aggregate market value is estimated to be $11,315,125,381 (06:00 September 15th ), placing 8th ter the entire cryptocurrency market. After the news of listing on Bithumb, its price proceeds to rally, drawing an upward trend on the graph.
Bithumb listed Monero (XMR) spil its 8 th coin on the 25 th . Presently, its trading volume places Five th on the webpagina, maintaining a price range inbetween $79 and $88 .
Bithumb, the No.1 cryptocurrency exchange te the world, commenced its service ter January 2014 and grew to a monthly trading volume of more than $Ten,586,678,430 (July). It is the representative Korean cryptocurrency webstek with the highest cryptocurrency trading volume te the world. Bithumb is a financial toneel business focusing on cryptocurrencies, which not only provides trading of cryptocurrencies such spil Bitcoin, Ethereum, etc., but also provides other diverse businesses from payment services to international wiring services that permit cryptocurrencies to be used for payment purposes.