{"id":27036,"date":"2025-06-19T11:08:02","date_gmt":"2025-06-19T11:08:02","guid":{"rendered":"https:\/\/cryptd.in\/these-altcoins-are-on-fire-backed-by-south-koreas-crypto-giants\/"},"modified":"2025-06-19T11:08:02","modified_gmt":"2025-06-19T11:08:02","slug":"these-altcoins-are-on-fire-backed-by-south-koreas-crypto-giants","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nl\/these-altcoins-are-on-fire-backed-by-south-koreas-crypto-giants\/","title":{"rendered":"These Altcoins Are on Fire Backed by South Korea\u2019s Crypto Giants"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Three low-cap altcoins experienced significant rallies after being embraced by Upbit and Bithumb.<\/span><\/li>\n<li>This isn\u2019t the first time Korean exchanges have driven price pumps \u2013 Ravencoin (RVN), Pocket Network (POKT), and Livepeer (LPT) recently saw massive surges following listings on Upbit\u2019s platform.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/FORT_CB.jpg\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"alignnone size-full wp-image-401148\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/FORT_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" \/><\/a><\/span><\/h2>\n<h2>FORT Leads the Way<\/h2>\n<p><span data-preserver-spaces=\"true\">Multiple leading altcoins have <\/span><span data-preserver-spaces=\"true\">recorded<\/span><span data-preserver-spaces=\"true\"> slight price drops over the past 24 hours following the US Federal Reserve\u2019s <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-unfazed-as-us-federal-reserve-announces-decision-on-interest-rates\/\" data-wpel-link=\"internal\">decision<\/a> to keep interest rates unchanged and <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> ongoing <\/span><span data-preserver-spaces=\"true\">tension<\/span><span data-preserver-spaces=\"true\"> in the Middle East.<\/span><span data-preserver-spaces=\"true\"> However, three lesser-known tokens have defied the ongoing trend, posting substantial gains.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Forta (FORT), a cryptocurrency with a market capitalization of just under $70 million, saw its valuation skyrocketing by roughly 100% on a daily scale. It soared to as high as $0.11, a level last observed in early April.\u00a0<\/span><\/p>\n<figure aria-describedby=\"caption-attachment-401146\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/FORT.png\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"wp-image-401146\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/FORT.png\" alt=\"FORT\" width=\"528\" height=\"400\" \/><\/a><figcaption class=\"wp-caption-text\">FORT Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Another token well in the green today, albeit registering a more modest increase, is Huma Finance (HUMA), which spiked by 6% to almost $0.04.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The most likely factor fueling the rally of the <\/span><span data-preserver-spaces=\"true\">aforementioned assets<\/span><span data-preserver-spaces=\"true\"> is the support from the second-largest crypto exchange in South Korea, Bithumb, which <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/feed.bithumb.com\/notice\/1648927\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">introduced<\/span><\/a><span data-preserver-spaces=\"true\"> the FORT\/KRW and HUMA\/KRW trading pairs to its users.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Raydium (RAY) also experienced a significant green candle on its daily price chart. Currently, it trades at around $2.22, representing a 10% increase for the day, while its market capitalization surged past $600 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The resurgence comes shortly after South Korea\u2019s largest crypto exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/Official_Upbit\/status\/1935508442783039615\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">listed<\/span><\/a><span data-preserver-spaces=\"true\"> the RAY\/KRW and RAY\/USDT trading pairs.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The uptrend in the mentioned altcoins comes as no surprise. With nearly 20 million users combined, Upbit and Bithumb significantly boost the visibility and accessibility of these tokens. Their backing also enhances liquidity and positively impacts their reputation.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Not the First Time<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">At the start of June, the price of Ravencoin (RVN) <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/this-cryptocurrency-exploded-by-75-following-support-from-upbit\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">exploded<\/span><\/a><span data-preserver-spaces=\"true\"> by 75% after Upbit launched the RVN\/KRW trading pair on its platform. It charted additional gains in the following days, hitting a five-month high on June 11. In the past week, though, RVN lost some steam, dropping by 24%.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other cryptocurrencies that have recently caught the eye of South Korea\u2019s leading crypto exchange include Pocket Network (POKT) and Livepeer (LPT). <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of the former <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/these-low-cap-altcoins-went-vertical-after-major-upbit-listings\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">skyrocketed<\/span><\/a><span data-preserver-spaces=\"true\"> by 350% towards the end of May when the company introduced the POKT\/KRW pair. For its part, LPT pumped by 80% after Upbit listed the LPT\/KRW and LPT\/USDT pairs.<\/span><\/p>\n<p>De post <a href=\"https:\/\/cryptopotato.com\/these-altcoins-are-on-fire-backed-by-south-koreas-crypto-giants\/\" rel=\"nofollow\">These Altcoins Are on Fire Backed by South Korea\u2019s Crypto Giants<\/a> verscheen eerst op <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR Three low-cap altcoins experienced significant rallies after being embraced by Upbit and Bithumb. This isn\u2019t the first time Korean exchanges have driven price pumps \u2013 Ravencoin (RVN), Pocket Network (POKT), and Livepeer (LPT) recently saw massive surges following listings on Upbit\u2019s platform. FORT Leads the Way Multiple leading altcoins have recorded slight price drops [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>These Altcoins Are on Fire Backed by South Korea\u2019s Crypto Giants - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/nl\/these-altcoins-are-on-fire-backed-by-south-koreas-crypto-giants\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"These Altcoins Are on Fire Backed by South Korea\u2019s Crypto Giants - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR Three low-cap altcoins experienced significant rallies after being embraced by Upbit and Bithumb. This isn\u2019t the first time Korean exchanges have driven price pumps \u2013 Ravencoin (RVN), Pocket Network (POKT), and Livepeer (LPT) recently saw massive surges following listings on Upbit\u2019s platform. 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