Posted 2/27/2024, 12:30:00 PM
Upbit Lists Two Hot Altcoins, ALT and PYTH Price Soar Over 100% Despite Volatility Warnings
- Upbit, the largest crypto exchange in South Korea, listed two altcoins Altlayer (ALT) and Pyth Network (PYTH)
- ALT offers infrastructure for developing rollups, while PYTH connects off-chain data to on-chain Dapps
- Both altcoins saw major price surges after being listed on Upbit (ALT up 80% in February; PYTH up over 110%)
- Upbit implemented guidelines like order thresholds to prevent manipulation and volatility
- While exciting, crypto's volatility means investors should still exercise caution despite altcoins' potential