Rise of Enso (ENSO) in South Korean Markets: Price Increase

Exciting developments are taking place in the world of cryptocurrency. The Enso (ENSO) token has been listed on Bithumb and Upbit, leading exchanges in South Korea, and with this listing, its price has increased by %26 in the last 24 hours, rising to $2.29.

Bithumb and Upbit started trading support for Enso in KRW (Korean Won) pairs on October 29, with trading support on Bithumb becoming active at 17:00 on October 29. Users can make ENSO investments and withdrawals via the Ethereum network. Additionally, Bithumb announced it will apply zero transaction fees for all ENSO transactions until 17:00 on October 31 in order to boost trading volume.

On the other hand, Upbit lists ENSO not only in KRW but also in Bitcoin and USDT pairs, providing users with more options. Upbit supports ENSO investments and withdrawals on the Ethereum network, and it was noted that there will be a 5-minute purchase restriction at the start of trading and only limit order support for 2 hours. The reference price on Upbit was set at approximately 2,400 won (approximately $1.85).

Enso (ENSO) is a blockchain infrastructure project aimed at facilitating the development of decentralized finance (DeFi) applications. Thanks to its module system called “Shortcut Engine,” developers can perform complex operations such as token swapping, liquidity investment, and staking in a single transaction. The ENSO token holds an important position as an asset used for network governance and staking processes. The project aims to enhance user experience through multi-blockchain integration via developer toolkits and APIs.

The %26.2 increase in ENSO’s price shortly after the listings is indicative of the advantages of gaining access to new exchanges. A significant increase in trading volume is expected in the short term, and in this situation, investors need to monitor the processes closely.