The price of ANIME token rose by 12% after its listing on the South Korean exchange Bithumb.
Animecoin's Rise
ANIME, issued by the Animecoin Foundation, reached $0.0502 on January 31, marking a 15% increase from a weekly low of $0.0437. The altcoin's market cap stood at $278 million, with a daily trading volume up 40%, hovering around $153 million.
Listing on Bithumb
Animecoin rose after Bithumb, a major crypto exchange based in South Korea, announced the addition of a trading pair ANIME/KRW on January 31. This pair will be available on the Arbitrum network. The base price for the token is expected to be approximately $66.11 when trading officially begins. For the first five minutes after trading opens, buy orders for ANIME will be restricted, with price fluctuations limited to -10% to +100% of the base price.
Future of ANIME and Its Utility
Animecoin is positioned as the 'culture coin of the anime industry' but is expected to act as a governance token for Animechain, an upcoming Arbitrum Orbit Layer-3. Animechain's launch is slated for the first quarter of 2025, potentially altering ANIME's price trajectory by enhancing its utility.
Listing on major exchanges like Bithumb and Upbit can trigger significant price rallies for Animecoin, increasing interest among traders.
