Diginex’s upcoming listing steals Algorand, Maker’s thunder
No day in the cryptocurrency industry passes without news of any major developments. Whether such developments are price-related, regulatory, or simply listing announcements, such developments underline how active this market is on a day-to-day basis. The launch of new tokens and cryptos almost every other day, followed by their listing on a host of exchange platforms, underlines this level of ‘activity.’
Algorand and Maker were two of the latest cryptocurrencies to enjoy new listings over the past 24-hours. While the 27th-ranked Maker [MKR] was listed on Coinsflare, 44th-ranked Algorand was listed on South Korea’s Bithumb.
These listings follow the general upheaval the crypto-market has been in for the past few months, with speculations of an altseason followed by Bitcoin, the world’s largest cryptocurrency, surging on the charts to breach its immediate resistance.
That’s not all, however. Ethereum locked in Maker on DeFi recently crossed $1 billion. On the other end of the spectrum, what effect the present listing will have on ALGO’s price is uncertain since the crypto had spiked dramatically when it was listed by Coinbase a few weeks ago.
Interestingly, these listings may not be the most newsworthy of the lot as according to CEO Richard Byworth, crypto-firm Diginex is set for a Nasdaq listing in the month of September.