Toncoin Rises to $5.5 as Bithumb Listing Sparks Price Rebound Hopes

News

  • Bithumb lists Toncoin with KRW trading, boosting accessibility for South Korean traders.
  • Toncoin price rebounds to $5.5 following increased liquidity and market interest.
  • Strategic listing sparks adoption growth and stronger demand from retail and institutional investors.Toncoin has

Toncoin is now live on Bithumb, a South Korea Crypto Exchange. This move has energized traders, with early market activity showing a surge in interest. The listing opens doors for South Korean investors, increasing access to Toncoin and boosting hopes for a price recovery.

https://twitter.com/BithumbOfficial/status/1859493550754582681?t=Sm8Pp14f2WqiOYY1UIzy1A&s=19

New Trading Pairs Bring Convenience

Bithumb now allows direct trading of Toncoin using the Korean Won. This eliminates the need for currency conversions, streamlining the trading process. The reference price for Toncoin is set at 7,395 KRW, providing clarity for traders.

Trading began within hours of the announcement, offering immediate market access. The platform uses the TON network for deposits, ensuring secure transactions. South Korean traders, known for adopting innovative blockchain projects, now have a convenient way to engage with Toncoin.

This listing also introduces MetisDAO on the Ethereum network, giving traders more options. MetisDAO trading follows a similar setup, with secure deposit requirements and a reference price of 87.04 KRW. Both listings highlight Bithumb’s focus on user-friendly solutions.

Price Rebound Signals Growing Interest

Toncoin’s price rose 1.88% after the Bithumb listing, reaching $5.483. This gain followed a dip to $5.208, signaling renewed momentum. Higher liquidity through the Korean Won market has encouraged traders, who expect more stability and growth.

Retail traders are now joining institutional investors in supporting Toncoin. South Korea’s tech-savvy community may increase demand, especially with Toncoin’s ties to Telegram-based blockchain solutions.The Bithumb listing positions Toncoin for greater visibility and adoption.

The South Korean market’s enthusiasm could drive further price increases, creating new opportunities for traders.This development shows how strategic partnerships can reshape a token’s journey.

With greater accessibility, Toncoin may see stronger support from both retail and institutional players. The listing marks a pivotal moment, paving the way for growth in a competitive crypto landscape.

The post Toncoin Rises to $5.5 as Bithumb Listing Sparks Price Rebound Hopes appeared first on Crypto News Land.

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