Advertisement
AD

Main navigation

SPACE ID (ID) Gains Over 20% Post-Upbit Listing, Triggers Massive Wallet Movements

Advertisement
Thu, 30/11/2023 - 11:14
SPACE ID (ID) Gains Over 20% Post-Upbit Listing, Triggers Massive Wallet Movements
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

In a significant development on the cryptocurrency market, SPACE ID (ID) has witnessed a remarkable surge of over 20% in its price within a few hours of being listed on Upbit, South Korea's largest cryptocurrency exchange. The announcement of the listing of Binance's 30th launchpad project, SPACE ID, has sparked a flurry of activity among crypto enthusiasts and investors.

Advertisement

Lookonchain, a prominent cryptocurrency analytics platform, took to Twitter to report on the substantial impact of SPACE ID's listing on Upbit. The tweet mentioned that the price of ID had increased following its listing on crypto exchange Upbit.

It further noted that numerous wallets were in the process of withdrawing ID from exchanges to get ready for depositing into Upbit. Specifically, Lookonchain highlighted that Wallet "0x2b51" had withdrawn 1.55M ID ($501K) from Binance and OKX, indicating preparations for depositing into Upbit.

The current market price of ID stands at $0.2977, representing a notable 20% increase in the last 24 hours. Furthermore, the trading volume has experienced an astonishing surge, rising by 611.42% to reach $193,888,596 during the same period.

Growing significance of decentralized identity

SPACE ID positions itself as a multi-chain blockchain naming service, offering users the ability to register domain names with extensions such as .arb, .bnb and .eth. As the Web3 landscape continues to expand, decentralized identity solutions have gained prominence, and SPACE ID addresses this growing need.

The platform provides a comprehensive Web3 identity solution, consolidating services for discovering, registering, trading and managing Web3 domain names in a single user-friendly location. Upbit's decision to list SPACE ID reflects the exchange's recognition of the increasing importance of decentralized identity in the Web3 ecosystem.

With the surge in Web3 users, the demand for secure and efficient decentralized identity solutions has become a focal point for the crypto community. Investors and enthusiasts alike are keeping a close eye on market trends as the influence of Web3 continues to shape the future of the cryptocurrency space.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
DeeStream (DST) Asset Release Campaign On-Boards Investors as Blur (BLUR), Cosmos (ATOM) Keep Surging
XRP Makes Crucial Price Move, But Massive Roadblock Is Ahead
DeeStream (DST) Crypto Coin Sale Campaign Might be in Spotlight since Shiba Inu (SHIB), Polkadot (DOT) Supporters Waiting for Upgrades
Cardano Founder Hails Elon Musk's X for Crushing ECB's Bitcoin Diss
First ERC404 Token Pandora Shows Explosive Performance as Whales Turn to Buying
Avalanche Faces Downtime, AVAX Price in Red
Our social media
There's a lot to see there, too

Popular articles