ICON
ICON, also known as the Ethereum of South Korea, has recorded a 60 percent gain on March 21, and another 40 percent surge in price on March 22.
Yesterday, South Korea’s largest cryptocurrency exchange Bithumb listed ICON, supporting its airdrop campaign. Almost immediately after the listing of ICON on Bithumb, the price of ICX surged by over 60 percent, as massive volumes from the local market were allocated to the ICON exchange market.
Earlier today, the second biggest cryptocurrency trading platform in South Korea, Upbit, listed ICX. As a cryptocurrency-only exchange in the local market, Upbit is popular amongst professional cryptocurrency traders and casual investors that are looking to invest in cryptocurrencies that are not listed on cryptocurrency-to-fiat exchanges like Bithumb and Korbit.
Overall, the cryptocurrency market is in a better position than it was earlier this month, in terms of valuation, volume, demand, and media coverage. In regions like Japan and South Korea, premiums have re-emerged, with South Korea demonstrating a 4.6 percent premium for bitcoin.
Featured image from Shutterstock.
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