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The crypto markets saw a surge in activity early this morning, fueled by a major announcement from South Korea’s largest exchange, Upbit. The platform revealed that it will be listing a new altcoin, Cat in a Dogs World (MEW), in its USDT and BTC trading pairs. This news quickly captured the attention of crypto investors, leading to a significant price increase for MEW.
MEW Listed on Upbit, Price Surges
Upbit has confirmed that, as of September 19, 2024, MEW will be added to its USDT and BTC markets. The announcement also noted that MEW will operate on the Solana network, with a reminder to investors to ensure they use the correct network for deposits and withdrawals. Transactions made on networks other than Solana will not be supported, and users are urged to avoid potential errors.
Following this announcement, MEW’s value skyrocketed, jumping by 27.31% according to CoinMarketCap data, reaching a price of $0.005429. The new listing generated increased demand for the altcoin, pushing its price upward. It’s common for altcoins to experience short-term price boosts following listing announcements, and MEW, now listed on a reputable platform like Upbit, followed this trend by achieving significant gains.
Market analysts have highlighted that such announcements often boost liquidity and attract investor interest. Upbit’s decision to list MEW has become a focal point for crypto traders, though it remains to be seen how long this price surge will last, with the coin’s long-term success dependent on its technological innovations and community support.
Neiro (NEIRO) and Tora Inu (TORA) Join the Listings
In addition to MEW, other altcoin listing announcements were made on September 19, 2024. Bitrue exchange confirmed that it has listed Neiro (NEIRO) with the USDT trading pair, while BitMart followed suit by also offering Neiro trading with USDT. Investors are eager to see how Neiro performs across these exchanges, with interest building around this new altcoin.
Meanwhile, AscendEX announced the listing of Tora Inu (TORA), another popular altcoin, in the morning hours of September 19. This listing has been well-received by TORA investors, who are closely monitoring the coin’s market movements.
FameEX and ByBit List More Altcoins
Elsewhere, FameEX revealed that it will be listing Jose (JOSE), another altcoin that has yet to see notable price movements following the news. However, investors remain curious about how this new listing might unfold.
Additionally, ByBit has announced that it will be listing Hamster Kombat (HMSTR) on September 26, 2024. This upcoming listing has already caught the attention of investors, with many speculating on whether ByBit’s large user base could lead to a price increase for HMSTR after the listing goes live.
The Impact of Exchange Listings on Altcoin Prices
Altcoin prices often experience short-term boosts following listing announcements, as seen with MEW’s significant surge. However, the long-term success of these coins depends on more than just listings—it requires strong technology, innovation, and ongoing community support.
As always, Turkish NY Radio advises investors to closely monitor market developments and exercise caution when trading new listings.
