Bithumb has tweeted that the platform will list 5 new cryptocurrencies on the exchange, which may lead to a sudden growth in value for the newly introduced digital assets. The newly listed coins are TenX(PAY), WAX(WAX), Power Ledger(POWR), Loopring(LRC), Gifto(GTO).
TenX(PAY) is the issuer of a cryptocurrency debit card that enables users to access to multiple virtual currencies across different blockchains which the companies calls “the accessory you want to have on all your travels.”
Wax(WAX) is a decentralized platform that enables 400+ million gamers to operate virtual marketplaces according to their company description.
Loopring(LRC) Loopring is an opened source protocol based on smart contracts for decentralized exchanges on the Ethereum blockchain.
Gifto(GTO) Gifto is a decentralized protocol built on Ethereum that allows users to exchange virtual gifts through digital/social media platforms.
Power Ledger(POWR) is an Australian blockchain-based cryptocurrency and energy trading platform that allows for decentralized selling and buying of renewable energy.
Every time Bithumb announces the listing of a new coin, the price of an asset rises. For example, OMG coin rose 18.54% after the listing announcement overnight. Oher cryptocurrencies have also benefited from listing on Bithumb. TRON’s TRX coin made a $1.2 billion increase in its total value, not to mention the success ICON (ICX).