Upbit Listing Sends Jibrel Network (JNT), Cred (LBA) Soaring

[Leonardo]

Jibrel Network (JNT) and Cred (LBA), two native tokens inside blockchain-driven platforms, jumped 42% and 21%, respectively, on a daily basis on Wednesday morning UTC as South Korean crypto exchange Upbit listed both assets on its domestic and international platforms.

Upbit added the two assets at 17:00 UTC on Tuesday, offering them only in a pair with Bitcoin (BTC). The move triggered immediate price increase for both cryptos, but the impact was more pronounced for Seoul-based Jibrel Network since Upbit is the first major domestic trading venue to support the project.

JNT moved from $0.04 around five minutes before the listing to $0.061 less than an hour later. The coin sustained its momentum and was changing hands at $0.064 within 12 hours, representing a 42.29% increase from the previous day. Jibrel Network clocked $1.7 million in trading volume for the 24 hours to 10:58 UTC on Wednesday, according to Coinmarketcap data. US-based Bittrex, which added the coin to its international BTC roster earlier this week, accounted for 52.82% of the volume, or $618,344. The second place went to Gate.io, where Tether (USDT), Bitcoin, and Ethereum (ETH) pairs recorded $344,003 in trading volume (16.72%).

Jibrel Network, which offers blockchain infrastructure solutions, currently sits at number 219 on` the cryptocurrency market capitalization list with $10.8 million in value.

LBA, the token of US blockchain-driven lending project Cred, spiked from $0.015 several minutes before the Upbit listing to nearly $0.018 within 60 minutes. At 10:58 UTC on Wednesday, the asset traded at just under $0.19, or 21.04% higher on a daily basis.

LBA clocked $1.3 million in trading volume for the last 24 hours, with Asian-based exchanges emerging as its largest markets. Huobi BTC and ETH pairs made up $558,467 (41.7%) of the total. OKEx came second, with its BTC, USDT, and ETH markets achieving $472,703 (35.29%). There was still no available data about the Bittrex LBA-BTC pairs as the exchange added the asset to its US and international venues around midday UTC on Tuesday.

Cred ranks at number 255 by market cap with $8.7 million in value.

Source: https://cryptovest.com/news/upbit-listing-sends-jibrel-network-jnt-cred-lba-soaring/