- Across Protocol’s ACX token price jumped over 40% today.
- Top Korean crypto exchange Bithumb announced the ACX token listing with a KRW trading pair.
Sometimes all crypto tokens need is a small push to break the long-term trend and to start a new price rally. Token listing announcement from leading crypto exchanges is often a major push despite the broader crypto market sentiment. On similar lines, Across Protocol native token ACX is surging today after its token listing announcement.
Across Protocol’s ACX is trading at $0.3925 at press time with a 32.18% increase in the last 24 hours. Its market cap is $158.87 million while its 24-hour trading volume soared by 314%. The token was trading at $0.30 and witnessed a sharp price hike, reaching $0.4422 within an hour today. However, its price is now hovering at the $0.39 level.
Bithumb Announced ACX Token Listing Today
One of the top Korean crypto exchanges, Bithumb is the major reason behind ACX’s present rally. Bithumb announced the ACX token listing today, supporting the ACX/KRW crypto trading pair.
Across Protocol token trading on Bithumb was scheduled for 6:00 PM local time today. This triggered the surge of the token price, breaking its month-long downtrend. Within a few minutes after the announcement, the token value jumped, leading to the present rally.
What’s Next for ACX Price?
The Across Protocol is a decentralized cross-chain protocol on Ethereum. It garnered massive support from the crypto community for its remarkable growth in terms of cross-chain interoperability. Despite the project’s development, its native token ACX has been trending downward for the past month.
It is clear that the major push behind the token price surge is the Bithumb listing. Being one of the largest crypto exchanges with a wide user base, liquidity and accessibility of the Across Protocol token will increase from now on. Thus, we may witness a continuous price surge for a while until the enthusiasm surrounding token listing subsides.
For ACX to sustain a rally beyond that, the project would have to come up with new use cases for the token. Otherwise, it would be difficult for cryptocurrencies to record price gains under the present market conditions.
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