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Stader Sees Sharp Increase on KRW Market After Bithumb Listing

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by Giorgi Kostiuk

an hour ago

The price of Stader's token has significantly increased after its listing on Bithumb, drawing interest from investors and traders.

Bithumb Listing Drives Price Surge

On August 26, it was announced that Stader (SD) is now available on the KRW market through the Ethereum network. This news acted as a catalyst, causing the token's price to briefly rise above $1.12.

Expanding Ecosystem Supports Price Action

This surge coincides with the ongoing expansion of the Stader ecosystem, which introduced a trading platform called Cabbage for easier trading of memecoins. Additionally, the DAO voted to allocate 20% of revenue towards SD buybacks, increasing its utility.

Stader Technical Analysis

Currently, price action is sitting along the upper Bollinger Band in the $0.90 to $1.00 range. If support at $0.74 holds, a move back towards $1.12 and possibly $1.40 could occur, levels tested earlier this year.

The price increase for Stader aligns with several positive developments that reinforce market interest. The ecosystem's growth and governance updates continue to bolster investor confidence.

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