Bithumb has added Cardano (ADA) and Status Network Token (SNT) to its portfolio. Despite the fact that the crypto market fluctuates significantly, the price of the two assets rose immediately after the announcement.
The sixth largest cryptocurrency trading platform according to 24 trading volume has made the announcement both via the official website and Twitter account on 14 June.
Cardano(ADA) and Status Network Token(SNT) will be listed on Bithumb Today!😀
— Bithumb (@BithumbOfficial) June 14, 2018
The listing was made yesterday, 14th June at 18:30. To mark the moment, Bithumb has decided to launch a giveaway that will allocate 1% pay-back to those who buy, sell and store Cardano and Status Network Token.
Users have the green light to store new cryptocurrencies starting yesterday, 14:00 (UTC +9), and those who will invest in ADA or SNT until 16th June will receive 1% return to their total trading amount. Note that the giveaway is dedicated only to those who store the two recently listed crypto assets.
*The giveaway will take place on Friday, 6th July.
About the consequences on the market
Immediately after Bithumb’s announcement, the price for ADA and SNT has seen a significant increase. Yesterday, ADA was up 8.90%, while SNT rose 7.4% in the last 24 hours. As for today, both cryptocurrencies go through a depreciation.
Besides Bithumb, the world’s largest cryptocurrency exchange according to 24-hour trading volume – Binance, announced about listing SiaCoin, which led to a price increase of over 20 percent.
The crypto market continues to be in an imbalance as Bitcoin has dropped to nearly $ 6,000. According to Fundstrat Global Advisors, the price of the most famous cryptocurrency could reach $ 3,200.