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How Bithumb's Endorsement Affected ACX Price

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by Giorgi Kostiuk

2 days ago


The Ethereum-based ACX coin experienced a significant price increase following its inclusion on Bithumb, highlighting the impact of such listings on cryptocurrency markets.

Bithumb Listing Details

Bithumb recently announced its support for ACX’s cross-chain bridge protocol, resulting in a rapid rise in ACX’s market valuation by 68% compared to mid-March levels, although it faced partial correction afterwards. Previous listings in Asian markets have led to even greater price surges, highlighting the unique liquidity dynamics in the region.

Understanding ACX Coin

Information about ACX’s technological infrastructure reveals that it uses third-party intermediaries to accelerate user transactions, allowing users to focus on outcomes rather than transaction details.

Intents utilize relayers, which act as third parties for rapid transaction execution. An intent is a type of order given to achieve the specified outcome. In practice, intents are coded as a combination of cross-chain limit orders and execution actions within a standard order structure.Across Protocol

Technological Basis of ACX

These developments suggest that various technological infrastructures are enhancing usability of cryptocurrency assets. Market participants indicate that this system improves transaction speed and cost efficiency, marking a significant step towards broader accessibility for digital assets.

Various technological innovations, such as those applied in the case of ACX, play a crucial role in increasing the accessibility and functionality of digital assets.

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