South Korea’s second-biggest cryptocurrency exchange, Bithumb, announced on January 2nd that it will launch Korean Won trading pairings for the PEAQ and VANA tokens.
The news likely kept the token’s investors upbeat, as reflected by the coins’ price action. At press time, $PEAK is trading up 33%, while $VANA has ascended 10%.
Designed and tailored for DePIN (Decentralized Physical Infrastructure Network), PEAQ is a multi-chain blockchain. By offering EVM and WASM smart contracts, PEAQ seeks to give users flexibility and ease. It also supports a number of modular DePIN features, including Peaq ID, Peaq Access, Peaq Verify, and Peaq Pay, which offer crucial fundamental functionalities for DePIN and dApps.
VANA is a layer 1 blockchain that preserves data ownership while enabling sharing. VANA’s Proof of Contribution (PoC) mechanism protects data information, and users can submit data to DataDAO and earn incentives.
Bithumb’s Previous Measures on Listing
Today’s listing comes after Bithumb had previously changes it its listing process. After Lee Sang-jun, the former CEO of Bithumb Holdings, was found guilty of bribe and price manipulation, Bithumb said that it would be implementing extensive changes to its listing procedure.
A comprehensive set of steps has been announced by Bithumb to improve corporate governance and stop future wrongdoing.
An impartial listing review committee including outside specialists has been established by the exchange to prohibit certain executives or staff members from influencing listing choices.
Additionally, the platform has incorporated a whistleblower scheme that offers rewards of up to 10 billion won for reporting executive and employee misbehavior to promote internal oversight.
Read Also: Bithumb to Offer Goatseus Maximus Trading in Korean Won Pair, $GOAT Price Surges 4%
PEAQ And VANA Price Prediction: What Is The Market Expecting?
Both $PEAK and $VANA saw a jump in their prices after the listing news was announced, giving a sign that the popularity of the tokens is increasing among investors.
However, the market indicators for $VANA might indicate a different story. As per market listed parameters, $VAN fear and greed index currently stands at 70 (Greed), indicating a bearish projected trajectory.
Additionally, the coin has seen only 7 green trading days out of the 17 days it has traded so far. With three technical analysis indicators indicating positive signs and seven indicating bearish indications, the overall vana price prediction sentiment is pessimistic.
On the other hand, the market’s predictions for $PEAQ for the coming one month is rather bullish. The Fear and Greed Index of the coin currently stands at 66 (Greed) with the token marking 57% of its last 30 trades in green.
With 12 technical analysis indicators indicating optimistic signs and 3 indicating bearish signals, the overall attitude around the PEAQ price prediction is bullish.
Read Also: South Korean Court Jails Golfer and Ex-Bithumb Head for Bribery, Altcoin Manipulation