Decentralized cryptocurrency exchange Kyber Network (KNC) and Ethereum-based scaling solution for finance OmiseGo (OMG) recorded massive gains in volume and price upon the announcement of South Korea’s biggest cryptocurrency exchange Bithumb’s integration.
The value of the two tokens have surged by more than 73% and 32.5% respectively. The South Korean cryptocurrency exchange is expected to list both tokens at 11 pm GMT+8.
“Upon the integration of the two tokens, the price of KNC and OMG could either surge even further and record bigger gains or plummet and demonstrate a steep dump. In the case of Storm, the momentum of the token continued throughout several days subsequent to the integration of Bithumb,” CNN notes.
Earlier this year, Storm, an Ethereum-based ERC20 token project that incentivizes users for completing microtasks such as viewing advertisements on mobile phones or carrying out surveys, increased by more than 100% after its listing on Bithumb.
By Jade Olafson