Key Points
- Earlier, South Korea's Bithumb announced the launch of RED and NIL, supporting the KRW market.
- The coin's prices debuted an ascendant trajectory after the announcement.
South Korea's crypto exchange, Bithumb, announced the listing of RedStone (RED) and Nillion (NIL), supporting the KRW market. The announcement led to a price surge for the two digital assets.
RedStone is a decentralized oracle provider that offers access to data feeds and provides customizable and cost-effective data streams for builders powering the next-gen of dApps.
Nillion is an L1 blockchain that can process personal information requiring high security, using blind computing.
Bithumb's Listing Details
Earlier, Bithumb revealed the listing of RED/KRW trading pair scheduled for 4:00 PM, South Korean time. The base price was announced at 892 KRW.
The crypto exchange announced the listing of NIL/KRW trading pair at 7:00 PM, South Korean time, with the base price at 1,044 KRW.
Following the crypto exchange's announcement, the prices for both digital assets surged.
RED and NIL Prices Surge
RedStone (RED) Price Trajectory
RED was trading at around $0.61 ahead of Bithumb's announcement and its price recorded a spike of almost 6% immediately after the exchange revealed its upcoming listing for RED/KRW.
The coin's price continued its ascendant trajectory, topping $0.7 earlier.
At the moment of writing this article, RED is trading above $0.68, with a market cap of over $192 million. The coin is up by more than 16% in the past 24 hours.
Nillion (NIL) Price Trajectory
NIL was trading at around $0.71 ahead of Bithumb's listing announcement for NIL/KRW.
After the crypto exchange revealed its plans, NIL's price surged by over 6% in a short amount of time, topping $0.77 earlier before cooling down to current levels.
At the moment of writing this article, NIL is trading above $0.75, with a market cap of over $147 million.
Nillion launched its Alpha Mainnet yesterday, and Binance listed NIL.
