


Recently, there has been volatility in the cryptocurrency markets. The altcoin Orderly (ORDER) experienced a significant price increase following a listing announcement by South Korea's largest cryptocurrency exchange Upbit. This development, which attracted the attention of investors, took place on October 24, 2023. According to the official statement from Upbit’s website, ORDER will start trading with the South Korean Won (KRW) pair at 16:00.
The announcement stated that ORDER deposits will only be conducted through the Ethereum network. Therefore, it was emphasized that transfers from different networks would not be supported, and investors were advised to be cautious. Otherwise, warnings were given that the fund refund process could take a long time.
Additionally, it was announced that buying orders for this asset would be restricted for the first 5 minutes, and only limit orders would be accepted during the first 2 hours following the listing. It was also noted that during the first 5 minutes after the listing, the asset could not be sold at prices that were below 10% of the previous day's closing price. These statements are aimed at helping investors better analyze potential risks and opportunities.
According to CoinGecko data, the price of ORDER rose from $0.234 to $0.305 with this listing announcement, showing an approximately 30% increase. This situation demonstrates that investor interest in the ORDER altcoin has increased and how market dynamics can accelerate.
It is essential for investors to closely monitor these developments. The critical price levels and listing conditions set for the Orderly altcoin are among the factors that could impact investment decisions. In particular, the requirement for investments to be made solely through the Ethereum network may lead investors to reassess their strategies. The market volatility and whether interest in the ORDER altcoin will continue are topics that should be monitored in the upcoming period.
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