Following the listing of PEAQ and VANA tokens on South Korea’s leading cryptocurrency exchange Bithumb, PEAQ’s price surged by 35%, while VANA saw a 10% increase. This listing not only boosted market confidence in both tokens but also sparked interest among traders seeking increased transaction opportunities. As PEAQ approaches its all-time high, VANA demonstrates a steady growth trend.
Listing of PEAQ and VANA on Bithumb
Bithumb, South Korea’s second-largest cryptocurrency exchange, announced on January 2 that it would list PEAQ and VANA Network tokens. Both tokens will allow users to trade directly against the Korean Won through KRW pairs.
PEAQ debuted at a price of 853 KRW, while VANA was initially priced at 23,730 KRW. The announcement indicated that deposits for both coins would commence three hours after the notification, with trading starting at 4:00 PM KST. Bithumb also emphasized that it would not support deposits from non-local networks to ensure smooth transactions.
Market Performance of PEAQ and VANA
PEAQ’s price rose to $0.715, nearing its all-time high, with a 24-hour low of $0.522 and a high of $0.72. PEAQ currently has a market cap of $463 million and a trading volume of $55.56 million.
According to DigitalCoinPrice, the average price forecast for PEAQ in 2025 is $1.49, and around $3.67 in 2030. Predictions for VANA suggest it could reach $34 in 2025 and approximately $85 by 2030. The expectation is that future listings will increase the accessibility and value of these tokens.
Additionally, the price of DeBridge (DBR) listed on Bithumb also surged by 30%, reaching an all-time high. It is noted that cryptocurrencies listed in KRW pairs often experience pump-and-dump activities, highlighting the significant influence of major exchanges on investors. Increased utility and adoption of these tokens are expected to solidify their market position.
These developments indicate that the listing of PEAQ and VANA on a major exchange like Bithumb plays a crucial role in enhancing the market value and investor confidence in these tokens. Traders aim to capitalize on market fluctuations by evaluating the future potential of these tokens.
