South Korea’s largest cryptocurrency exchanges Upbit and Bithumb, whose listings usually bring huge price increases for the respective altcoins, may be preparing to list a new altcoin.
According to Korean trader Cryptomouse, who has a net worth of $50 million, Upbit and Bithumb have tested Scroll transactions on-chain.
This, he said, indicates that the two Korean exchanges may also list SCR in the coming weeks.
According to a recent study by Chinese journalist Wu Blockchain, the price of altcoins listed on Upbit is skyrocketing and huge gains are being made.
At this point, Wu Blockchain stated that altcoins listed on Upbit in the past year generally increased by more than 100 percent within the first day after the listing announcement.
Wu also listed 30 altcoin projects that are listed on Binance but not yet on Upbit but could potentially be listed.
*This is not investment advice.