Investors are keeping a close eye on the South Korean exchange Upbit, known for its significant impact on altcoin prices following new listings. While many focus on global exchanges like Binance, Upbit’s influence on altcoin prices has become undeniable.
Recent data shared by Chinese crypto journalist Wu Blockchain reveals that altcoins listed on Upbit have experienced more than 100% gains within just 24 hours of listing. Examples of such altcoins include MINA, CTC, ASTR, SPURS, POKT, and UXLINK, which saw remarkable surges shortly after their debut on the exchange.
Upbit’s Altcoin Impact
Wu Blockchain emphasized that altcoins listed on Upbit tend to see significant price spikes, with many doubling in value within a single day. This phenomenon has drawn the attention of both retail and institutional investors, making Upbit a key player in the global cryptocurrency market.
Potential Listings: 30 Altcoins on the Watchlist
While several altcoins have already benefited from an Upbit listing, Wu Blockchain highlighted 30 altcoins currently listed on Binance that could potentially be listed on Upbit in the near future. These include:
- Neiro (NEIRO)
- Turbo (TURBO)
- Baby Doge Coin (BABYDOGE)
- Catzzen (CATI)
- Kombat (HMSTR)
- Dogs (DOGS)
- Toncoin (TON)
- Banana Gun (BANANA)
- Zksync (ZK)
- Io.Net (IO)
- Lista (LISTA)
- Notcoin (NOT)
- Renzo (EZ)
- BounceBit (BBi)
- Tensor (TNSR)
- Saga (SAGA)
- Wormhole (WML)
- Ethena (ENA)
- Book of Meme (BOME)
- Ether.fi (ETHFi)
- Metis (METIS)
- Aevo (AEVO)
- Dogewhat (WIF)
- Portal (PORTAL)
- StarkNet (STRK)
- Pixels (PIXEL)
- Dymension (DYM)
- Ronin (RONIN)
- Manta (MANTA)
- Xai (XAI)
These altcoins, currently listed on Binance, have the potential to be listed on Upbit, which could drive their prices even higher in a similar fashion to past listings.
