Kyber Network Fired Up By 51% Ahead Of Bithumb Listing
Kyber Network has surged 51 percent upon the declaration of getting listed on the biggest digital currency exchange of South Korea, Bithumb. Bithumb declared on Twitter that it will list Kyber Network alongside another coin OmiseGo around 6 pm (KST).
As of now, the whole digital currency market is encountering a price plunge with the exception of a couple of coins. Kyber Network is the main coin that isn’t just surging, however, driving right now with 60 percent rise. At a certain point, the coin surged in excess of 70 percent and came to over $1.1 million volume.
Before its Bithumb listing, the coin registered a gigantic gain in both prices and volume. An ethereum-based protocol, Kyber Network permits the instant exchange of digital assets while offering high liquidity.
Listing on such a major exchange dependably works in digital currency’s support and with this “Bithumb pump”, it sure looks like it.
OmiseGo, which is likewise getting listed on Bithumb is surging also however not at the pace of Kyber Network. Registering a gain of around 20 percent, OmiseGo is right now at $19. Listings like such take a nitty-gritty evaluation process including market research as deceitful deals can land an exchange into legal troubles for market manipulation.
Kyber Network won’t have seen such enormous of a surge before Bithumb listing yet the token was doing great as it as of late joined MyEtherWallet (MEW) to launch the first decentralized, on-chain exchange platform. This platform enables its clients to exchange their ETH for ERC20 tokens by utilizing the token swap features of the platform.
This features fundamentally enables the users of MEW wallet to convert their Ether into around twenty different types of ERC20 tokens including KNC (Kyber Network Coin), OmiseGo, stable coin DAI and EOS. Presently, without moving your ETH out of MEW wallets, you can expand your Ethereum-based holdings.
The trustless framework, Kyber Network expressed this was its biggest partnership as wallet integrations are basic for their growth and expanding the adoption. This decentralized exchange will be available to the users on April 31, 2018.
