After Bithumb, one of South Korea’s leading crypto exchanges, listed PEAQ and VANA tokens, the price of PEAQ increased by 35% and VANA by 10%. This listing increased market confidence in both tokens, while investors demonstrated their interest in increased trading opportunities. While PEAQ token is approaching its all-time high, VANA is on a steady rise.
PEAQ and VANA Listed on Bithumb
Bithumb, South Korea’s second largest crypto exchange, announced that it will list PEAQ and Vana Network tokens on January 2. Both tokens will allow users to trade directly against Korean Won with KRW pairs.
While the price of PEAQ was set at 853 KRW, VANA was traded on the stock exchange for the first time with 23,730 KRW. The listing announcement stated that deposits for both coins will begin within three hours after notification and transactions will begin at 16:00 KST. Bithumb also emphasized that it will not support deposits from non-local networks for seamless transactions.
Bithumb introduced some transaction restrictions during the initial trading period in order to protect the user experience. Buy orders are restricted for the first five minutes and sell orders are limited to a range of -10% to +100% of the standard price. After the first transaction was completed, automatic trading opportunities were offered.
Market Performance of PEAQ and VANA
PEAQ price increased by 35% to $0.715 and is close to a new all-time high. Its 24-hour low was $0.522 and its high was $0.72. PEAQ has a market capitalization of $463 million and a trading volume of $55.56 million.
According to DigitalCoinPrice, PEAQ’s average price forecast for 2025 is $1.49, with a forecast of around $3.67 for 2030. Vana Network is estimated to reach $34 in 2025 and approximately $85 in 2030. Analysts expect the availability of these tokens to increase thanks to future listings, increasing their value exponentially.
DeBridge (DBR) price listed on Bithumb also reached an all-time high with a 30% increase. While it was stated that cryptocurrencies listed in the KRW parity generally experience pump-and-dump movements, attention was also drawn to the strong influence of major crypto exchanges on investors. Analysts stated that increasing the benefits and adoption of these tokens will strengthen their market position. Due to being an important exchange based in Asia, the limited number of exchanges in the region, and the conditions imposed by national regulations, Bithumb listings trigger price movements similar to those of other major exchanges.
These developments show that listing PEAQ and VANA on a major exchange like Bithumb plays an important role in increasing the market value of the tokens and investor confidence. Investors aim to benefit from the activity in the market by evaluating the future potential of these tokens.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
