Altcoin
Zircuit (ZRC) Price Surges 35% After Major Listing, Arthur Hayes Reacts
Bithumb, one of South Korea’s leading crypto exchanges, has listed Zircuit (ZRC) on its platform. Following the announcement, Zircuit’s price surged by 35%, reflecting strong investor interest. The listing has also sparked a significant increase in trading volume, highlighting the growing attention towards this Layer 2 network with innovative features and robust security protocols.
Zircuit Price Surges After Bithumb Listing Announcement
On January 13, Bithumb announced the listing of Zircuit on its platform. The token will be available for trading in the KRW pairs, with deposits and withdrawals starting within two hours of the announcement. Trading is scheduled to commence at 4:00 PM on January 13, with a base price set at 98.79 won.
This major listing has driven Zircuit price up by 35%, reflecting strong market enthusiasm. As one of the fastest-growing Layer 2 networks with a total value locked (TVL) of $2 billion, Zircuit combines advanced features like AI-enabled sequencer-level security and robust on-chain performance.
Arthur Hayes, co-founder of BitMEX and a well-known figure in the crypto community, often shares insights and predictions regarding cryptocurrency markets. His post referenced the significant event of the ZRC listing, which could influence market dynamics.
Zoom zoom https://t.co/12Zpf7sqx5
— Arthur Hayes (@CryptoHayes) January 13, 2025
The exchange decision to list ZRC underscores its confidence in Zircuit’s ecosystem and potential. With more accessibility for global investors, this listing could accelerate adoption and solidify Zircuit’s position as a leader in the blockchain industry.
ZRC Airdrop Event Following Listing Announcement
Following the announcement of Zircuit’s listing, Bithumb has launched an exciting airdrop event to celebrate the addition of ZRC KRW pairs. The event invites users to trade the token for two consecutive days and rewards them with a share of 7,500,000 ZRC.
How to Participate in the Airdrop Event
To participate, users must trade the token for two consecutive days between January 13 and January 14. All eligible members will receive an equal share of the total 7,500,000 tokens, with rewards distributed on February 4. For instance, if 10,000 participants take part, each will receive 750 ZRC (approximately 74,000 won, based on the standard price).
More Details About the Event
Participation is open even if users have joined other events by Bithumb. However, participants engaging in suspicious activities, such as price manipulation, will be excluded. Only verified customers are eligible, and the event’s terms may change depending on Bithumb’s discretion.
Trading Rules and Regulations on Bithumb
Bithumb has implemented strict rules to ensure a safe trading environment for Zircuit to prevent drastic price fluctuations. Buying orders are restricted for the first five minutes after trading begins. Additionally, the exchange restricts selling orders during the same period, preventing prices from falling more than 10% or rising above 100% of the standard price.
Furthermore, deposits and withdrawals of ZRC will only be supported through networks officially recognized by the exchange. Users should exercise caution when transferring assets, as deposits via unsupported networks will not be processed. These measures aim to provide a secure trading environment and maintain market stability during ZRC’s initial trading phase.
ZRC Price Action
Following the listing announcement, ZRC price surged 35%, now trading at $0.0763. The token’s 24-hour low and high are $0.06595 and $0.08067, respectively. At the time of writing, ZRC boasts a market cap of $113 million, with trading volume jumping 51% to reach $44 million.
Listings on major exchanges drive price spikes. They give more traders and investors access to the coin. The increased liquidity and exposure boost market activity, fueling further interest. Zircuit’s price surge mirrors Filecoin’s rally, as the latter gained 12% after Bithumb announced its listing.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: