Space ID soared 85% in a single day! Listed on South Korea's Upbit exchange to recreate the power of kimchi trading

Launchpad, the IEO platform of Binance, the leading cryptocurrency exchange, announced the launch of its 30th project Space ID ($ID) on March 17 last year. However, during the sale event, some early participants were dissatisfied with the unfairness of the airdrop distribution mechanism, which caused a strong response from the community.

Although ID price had a strong start, reaching $2.50 at one point, in the second half of 2023, the price became mediocre, fluctuating around $0.24 to $0.3.

But after about a year since its listing, the price of ID has ushered in a second spring, soaring 85.2% in 24 hours to $0.519.

Korean kimchi’s main force reappears

One year later, what new progress has SpaceID made in the near future that can cause the price to soar?

Upbit, South Korea’s largest cryptocurrency exchange, started providing ID Korean Won trading services at 14:00 on February 7, 2024 (local time). The trading pair only accepts deposits from the Ethereum network.

Korean currency speculators have repeatedly driven market hot spots. Since the end of June last year, Bitcoin Cash (BCH), STORJ, 1inch to Ripple (XRP) have become the main trading pairs, and have surged due to the hype. .

After ID was listed on Upbit, the price quickly exceeded 1,000 won, equivalent to US$0.75. This premium is as high as 167%, triggering a boom in transactions and making ID the focus of market attention again.

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