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ORCA Soars 200% Following Upbit Listing Announcement
On March 22, a remarkable surge of over 200% was observed in the ORCA token price, following the announcement of its listing on the South Korean cryptocurrency exchange, Upbit. This dramatic price increase occurred shortly after the listing news broke.
The sudden and significant rise in the token’s value underscores the profound impact that major listings can have on a project’s market performance. The event highlights the importance of exchange platforms within the cryptocurrency ecosystem, as investor interest and trading volume are often significantly influenced by such announcements.
ORCA Token Sees 91.38% Price Increase Within 24 Hours
As reported by CoinMarketCap, the ORCA token has currently reached a price of $2.99, accompanied by a 15,907% surge in 24-hour trading volume, now exceeding $760.6 million. The market capitalization is approximately $166.6 million.
The significant price increase within the past day stands at 91.38%, with a weekly growth rate of 95.37%. This astonishing development demonstrates the token’s potential for substantial short-term gains.
Expert Insights
Similar situations, such as new exchange listings for other tokens, have historically demonstrated comparable price spikes. This pattern suggests that announcements of new listings can lead to increased investor activity and trading volume.
Experts from Kanalcoin stress that this event is not unique and could be seen in the past. Past events highlight a consistent market phenomenon where these types of announcements can cause short-term price movements.
The event highlights strategic partnerships and listing decisions often serve as catalysts for increased platform engagement and adoption, driving growth potential for projects.
This article was written based on the following information:
1. ORCA token has experienced a 200% increase in price after Upbit listing announcement.
2. The token’s market capitalization stands at approximately $166.6 million with a trading volume of over $760.6 million.
3. Historical data shows comparable trends for other tokens listed on exchanges, emphasizing the importance of these events.
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Source: https://www.kanalcoin.com/orca-price-surges-upbit-listing/
