The cryptocurrency market has been experiencing exciting activity lately. An extraordinary increase in trading volume has been observed in five altcoin projects on Upbit, namely Decentraland (MANA), Chiliz (CHZ), Ardor (ARDR), STP (STPT) and Solar (SXP) in the last 24 hours. This shows that investors’ interest in altcoins has increased and may be a harbinger of a possible rise in the cryptocurrency market.
Altcoin wind on Upbit: Watch out for these 5
Upbit, South Korea’s largest cryptocurrency exchange, reported that it has recently observed unusual trading volumes in five altcoins: Decentraland (MANA), Chiliz (CHZ), Ardor (ARDR), STP (STPT) and Solar (SXP). This development attracted the attention of investors. It was also interpreted as a harbinger of a possible rise in the cryptocurrency market.
- Decentraland (MANA): In the last 24 hours, MANA’s trading volume reached $1.5 million on Upbit, an increase of 560.27%. On Binance, although the increase was less pronounced, volume increased by 8.51% to $607,000. This can be interpreted as an indicator of the increasing interest of investors in the metaverse and virtual real estate.
- Chiliz (CHZ): CHZ’s trading volume increased by 68.92% to $24 million on Upbit in the last 4 hours. On Binance, the volume increased by 30.80%, reaching $33 million. This shows growing interest in the use of blockchain technology in the sports and entertainment sectors.
- Ardor (ARDR): ARDR’s transaction volume increased by 159.19% on Upbit in the last hour, reaching 18 million dollars. On Binance, volume increased by 30.28%, reaching $2.6 million. This may be linked to the increased use of the Ardor platform and NXT token.
- STP (STPT): STPT’s transaction volume increased by 360.20% to 6 million dollars on Upbit in the last hour. On Binance, volume increased by 22.38%, reaching $2 million. Although the details of the project behind STP are unknown, it seems to have attracted the interest of investors.
- Solar (SXP): SXP’s trading volume increased by 163.81% to $1 million on Upbit in the last hour. On Binance, volume also increased by 5.19%, reaching $385,000. SXP has been in the spotlight recently in connection with the launch of Flare Networks’ XRP-based Flare token.
Result: Investor interest is increasing
These unusual trading volumes observed on Upbit indicate that investors’ interest in altcoins has increased. This may be a harbinger of a possible rise in the cryptocurrency market. However, this news is not investment advice. It is important that you do detailed research and consider the risks before investing. cryptokoin.com As we always report, the cryptocurrency market is highly volatile and may be subject to sudden price fluctuations.
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